accounting in tally

I feel that accounting entry would be quite clear with you i.e Fixed Assets / Revelant exps a/c Dr and Party / Bank / Cash a/c credit. Here the concern was how would u show how many chairs have been issued from the Godown and at present where are they lying. U may use the Godown facility in tally for this which would enable you to track the stock godown wise .If u want any more info please do not hesitate to write to me at dhruveshpatel @ hotmail.com

in tally stock position in godown is also present. the entry is normal in journal fixed asset(chairs)a/c dr party(vender) name a/c cr in payment party name a/c dr bank/cash a/c shaleen

Dr. Fixed Asset and Cr. Party Name. Just in income tax you should noy claim depreciation as asset was not put to use