We are a newly set up landscaping firm, kindly help on my first purchase entry.
We have got a contract to supply and installation of Soil and Palm trees to a plant. The contract includes BOQ to supply and install 120 bags of soil, 22 trees, and Grass for land. Now we have purchased Soil 10 Bags of 20 @ 200 Rs each and purchased 5 trees @ 2250 Rs.each We have purchased this in cash. Can you tell me how to pass this entry in the tally? At the end of the month, we will be raising an invoice to the client for this supply including installation.
You can clarify if you got any doubt on my query. Thanks alot
27 May 2021
Maximum limit for cash purchase in a day is <10,000. Anything above the limit is not an allowable expense. You may make purchase entries in Tally using Purchase Voucher. Refer Tally help to know how exactly to make purchase entry in Tally.
30 May 2021
Dear Mam, It was purchased on different days. Now my query is which ledger to create under purchases or just an expense entry is enough? and is it required to create stocks as whatever we buy is installed on site
CAclubindia
