Journal entry in tally
This query is : Resolved
29 April 2014
1. Sir, I have partnership form( Me& MY wife), I purchased one Computer & made payment on my personal account cheque.now how should i account for this computer in partnership form,pl advice
2. My bike value Rs 211 after depreciation
now this year i want to write of this amount pl advice above the JV
2. My bike value Rs 211 after depreciation
now this year i want to write of this amount pl advice above the JV
29 April 2014
1. Pass the following entry:
Computer A/c Dr
To Partner's Current Account
2. keep depreciating on WDV basis till it becomes negligible amount unless you are discarding the bike.
Computer A/c Dr
To Partner's Current Account
2. keep depreciating on WDV basis till it becomes negligible amount unless you are discarding the bike.
29 April 2014
1.I need to pass an entry in tally.
I am confused to account under which group...
Plz advice..
I am confused to account under which group...
Plz advice..
29 April 2014
computer will go to the fixed assets. and since partner paid from his personal account, you need to give credit to his current or capital account.
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