how to pass entry in tally
This query is : Resolved
nagendra.s
(Querist)
03 May 2008
we compute sales tax through Tally,
computation is done only when sales voucher type is in 'Sale' 'and 'purchase'
but problem is when we purchase capital goods it cannot be booked in purhase
we pass JV debiting nature of asset and crediting the party but doing this way input tax on capital goods will not be reflected in computation of tax
how to go about pl guide
thanks
regards
nagendra.s
computation is done only when sales voucher type is in 'Sale' 'and 'purchase'
but problem is when we purchase capital goods it cannot be booked in purhase
we pass JV debiting nature of asset and crediting the party but doing this way input tax on capital goods will not be reflected in computation of tax
how to go about pl guide
thanks
regards
nagendra.s
CA Hemant T Dewani
(Expert)
03 May 2008
you will first crete following ledger A/c furnitre a/c, vat tax a/c .parties a/c
in tally when you will passed journal entry first
by furniture a/c 100000
by vat tax a/c 12500
to parties a/c 112500
in tally when you will passed journal entry first
by furniture a/c 100000
by vat tax a/c 12500
to parties a/c 112500
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