Entry of fixed assets
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 January 2015
If I purchase any bike for Rs.65000/- and SBI issue credit of Rs. 50000/- in my account against EMI.
This bike is fixed assets for me and no Vat Input has to be taken for same.
What entry should I pass in tally?
Please Reply.
This bike is fixed assets for me and no Vat Input has to be taken for same.
What entry should I pass in tally?
Please Reply.
CA AnKiT BoHrA (AB)
(Expert)
24 January 2015
firstly u can do loan entry
Bank A/c Dr 50000
To SBI Loan A/c 50000
Then for payment of bike
Bike A/c Dr 65000
To bank 65000
(If whole payment by bank)
Bike A/c Dr 65000
To bank 50000
To Cash 15000
(If rem 15000 is cash payment)
Bank A/c Dr 50000
To SBI Loan A/c 50000
Then for payment of bike
Bike A/c Dr 65000
To bank 65000
(If whole payment by bank)
Bike A/c Dr 65000
To bank 50000
To Cash 15000
(If rem 15000 is cash payment)
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