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How to show the purchase of fixed asset with gst in tally erp9 ?
Replies (20)
Just you ll enter as Purchase (Purchase Entry). After you ll be create a journal entry....
book through purchase entry
credit to party ac
debit assets ac
debit gst itc ac
credit to party ac
debit assets ac
debit gst itc ac
Asset account can't shown at the time of purchase entry... Only purchase head ledgers only shown...
First of create Purchase entry as
Credit Party A/c - XXXX
Debit Purchase A/c - XXXX
Debit GST A/c - XXXX....
Journal Entry:
Dr. Asset A/c - XXXX
Cr. Purchase A/c - XXXX....
Credit Party A/c - XXXX
Debit Purchase A/c - XXXX
Debit GST A/c - XXXX....
Journal Entry:
Dr. Asset A/c - XXXX
Cr. Purchase A/c - XXXX....
sir if we like to claim itc. then should not shown as asset, which has no depreciation. How to enter such kind of entries
In tally change the settinga as
Tick yes on, allow purchase of fixed assets through purchase
Tick yes on, allow purchase of fixed assets through purchase
@ RAJA PM.
Sir, can we pass journal entry for record the asset purchase. for example. create laptop ledger under asset account. now journal entry as...
cr..bill amount in party account
dr laptop account
dr gst taxes account
all the details are shown in the respective account properly. I just passed the entry in this method. is it correct or not
Thanks sir
Sir, can we pass journal entry for record the asset purchase. for example. create laptop ledger under asset account. now journal entry as...
cr..bill amount in party account
dr laptop account
dr gst taxes account
all the details are shown in the respective account properly. I just passed the entry in this method. is it correct or not
Thanks sir
Dr. Laptop A/c - XXXX
Dr. GST Tax A/c - XXXX
Cr. Party A/c - XXXX.....
Dr. GST Tax A/c - XXXX
Cr. Party A/c - XXXX.....
@ RAJAM PM
Hello sir is it correct or not.. I also pass the entry for broadband BILL in the same way. Let i know is it correct or not..
Thank you sir
Hello sir is it correct or not.. I also pass the entry for broadband BILL in the same way. Let i know is it correct or not..
Thank you sir
@ MR. NAGESWARAN.,
It's exactly wrong.
Also you follow the same way in your broadband bill that entry is also wrong...
Once you check it your tax/expense Ledger it's shown in Credit side...
It's exactly wrong.
Also you follow the same way in your broadband bill that entry is also wrong...
Once you check it your tax/expense Ledger it's shown in Credit side...
In case you pass the entries in Journal you ll following below....
Expenses in Journal:
Dr. Expense A/c - XXXX
Cr. Party/Supplier Account - XXXX
Incomes in Journal:
Dr. Party/Customers A/c - XXXX
Cr. Incomes A/c - XXXX
Expenses in Journal:
Dr. Expense A/c - XXXX
Cr. Party/Supplier Account - XXXX
Incomes in Journal:
Dr. Party/Customers A/c - XXXX
Cr. Incomes A/c - XXXX
@ Raja PM
Thank u very much sir. i just Not check the tax ledger. I will check it. Waiting for your confirmation... ok Thanks
Thank u very much sir. i just Not check the tax ledger. I will check it. Waiting for your confirmation... ok Thanks
@ RAJA PM
SIR
As per your advice i check both expenses ledger and tax ledger and gstr 2 and 3b. All are correct sir. Tax and expenses ledger are shown in debit side. There is no any intermingling. Kindly test the same at ur end and let i know the confirmation for proceed this steps or not
Thank u sir
SIR
As per your advice i check both expenses ledger and tax ledger and gstr 2 and 3b. All are correct sir. Tax and expenses ledger are shown in debit side. There is no any intermingling. Kindly test the same at ur end and let i know the confirmation for proceed this steps or not
Thank u sir
My Dear NAGESWARAN.,
Also both are exactly correct...
We enter the party account in Credit Side, Other both (Asset&Tax) In debit side...
But, You show Credit A/c is top and Debit A/c is bottom.
I show it Debit a/c in top and Credit A/c in bottom...
I can't saw it correctly yesterday. Now I see it once again then find my misunderstood.....
So, Sorry for the inconvenience.....
Also both are exactly correct...
We enter the party account in Credit Side, Other both (Asset&Tax) In debit side...
But, You show Credit A/c is top and Debit A/c is bottom.
I show it Debit a/c in top and Credit A/c in bottom...
I can't saw it correctly yesterday. Now I see it once again then find my misunderstood.....
So, Sorry for the inconvenience.....
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