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Equipment (Fixed Asset)

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 June 2010 Hi Experts,

We purchased a equipment 1,00,000/-
we have given advance of 50,000/-
after delevering the equipment we paid balance of 50,000/-

so, for this what is the heads i have to creat under which groups and what is the entrys i have to pass in tally 9.

Thanks

Please help me
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
17 June 2010 Party A/c DR. ( Advance Amt)50000
TO Bank 50000

Equipment A/c Dr. 100000
To Party 100000

Party Dr.50000
To Bank 50000

These enteries are made assuming that you are purchasing the equipment with party.

Same issue you can check on below link

https://www.caclubindia.com/experts/furniture--410280.asp
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