Entry in tally

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chanchal (Querist)

05 March 2013 Dear Sir/Mam

Please tell me that if in any company bill is received for printing letter head and then in that bill vat is added.

Then what is the entry passed in Tally 9.

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)

05 March 2013 It is the office stationery expenses so give debit the to office expenses for stationery and credit to the cash/bank/party account what may be based on the type of payment.

OM SAI SRI SAI JAI JAI SAI

G.Ramesh

G.Ramesh (Expert)

06 March 2013 First of all you have to check the dealer is VAT or TOT or otherwise............VAT will be accepted and taken as input if purchase made from VAT Dealer....

If Purchase is from VAT Dealer the entry will be in Tally

Purchase A/c Dr
VAT Input A/c Dr
To Party A/c
If not VAT Dealer, the entry will be

Purchase A/c Dr
To Party A/c

G.Ramesh

G.Ramesh (Expert)

06 March 2013 The above query is answered based on understanding of the question "Bill received on letter head" if not let me know further clarification

chanchal

chanchal (Querist)

06 March 2013 Thanks all of you.

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)

06 March 2013 Mr. Chanchal is asked about received the bill for the printing cost of letter head? is it correct? Then letter heads are the stationery to the office so it is office expenses and this is not for resale so Vat on such Letter head printing cost is not eligible to claim for input. thus i suggested debit to office expenses account and credit cash/bank/party's account based on the type of payment.

OM SAI SRI SAI JAI JAI SAI

G.Ramesh

G.Ramesh (Expert)

07 March 2013 I Agree with you..if it is stationery purchase no input is available..........

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