Spares accounting in Tally
This query is : Resolved
16 August 2021
Dear sir, I have read that all spares purchase entry are booked in tally by debiting the repair & maintenance account or by debiting the fixed assets account.
My Query is that as per above process we will not be able to check the spares stock in our books even it may lies in our store.
Pls advise the process of maintaining the spares stock in tally.
Regards,
Manish sharma
My Query is that as per above process we will not be able to check the spares stock in our books even it may lies in our store.
Pls advise the process of maintaining the spares stock in tally.
Regards,
Manish sharma
CA R SEETHARAMAN
(Expert)
16 August 2021
Take the physical stock of Spares charged to repair and maintenance and value it. Credit the value to repairs and maintenance debit stock with qty and value.
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