Fixed assets

Dear Ganesh

Are you debiting Fixed Assets and crediting Inventory (Current Assets), for purchase of fixed assets.

Get your basics right

Dear SIR/MADAM,

PURCHASE FOR FIXED ASSETS IN TALLY, 

DR. FIXED ASSETS A/C

TO PARTY A/C

& FOR PAYMENT

DR. PATY A/C

TO CASH A/C

FOR FIXED ASSETS LEDGER ( SET INVENTORY VALUE ARE EFFECTED FOR YES)

SO WHY CLOSING STOCK SHOWING IN LIABILITY SIDE.

DEAR SIR/MADAM,

HOW TO CREATE A LEDGER FIXED ASSETS A/C. IF I WANT TO MAINTAIN STOCK MANAGEMENT WITH FIXED ASSETS.