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Spare parts purchased --accounting entry in tally

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This query is : Resolved

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Query on accounting entry for spare parts purchase in Tally. Suggested treatment: record as maintenance expense (Dr Machinery Maintenance, Cr Bank/Cash) or capitalize as fixed asset if applicable. Final approach chosen was booking under maintenance account.

shivasamco

shivasamco (Querist)
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18 November 2017 spare parts for machinary purchased.
plz tell us accounting entry
using taslly software.

RAJA P M

RAJA P M (Expert)
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18 November 2017 If you ll book as expenditure head... Dr. Machinery Maintenance - XXXX Cr. Bank / Cash - XXXX If you are booked under Fixed Asset then Dr. Fixed Asset (Particular Machine) - XXXX Cr. Bank / Cash - XXXX

Message likes : 1 times

shivasamco

shivasamco (Querist)
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18 November 2017 thanks a lot ...booked under maintenance account

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