I have purchased a Laptop in proprietorship Company from Credit Card of Proprietor, EMI taken from Credit card.
Request to inform tally entries to be done in Company accounts and Individual Accounts.
Read more at: https://www.caclubindia.com/forum/create_message.asp
Create ledger journal as laptop under assets.
Then
Purchases a/c (I think one has the option to select the laptop)
To Supplier a/c
To Payables a/c
whenever you meet the instalments
Payables a/c
To Bank a/c
however, while creating a liability, it is better to create laptop loan payables liability as well in journal ledger. Hope this tallies.
Forgot to mention, payment should our also be recognised for first transaction in payments voucher.
https://www.caclubindia.com/experts/how-can-i-enter-a-car-loan-entry-in-tally--1711514.asp
my answer is similar. Hope this will further clarify
You can choose accounting invoice mode in tally to make thid purchase entry.
Since I'm 90 years old I know all tally entries now.
Purchases voucher- F9
Ledger accounts - supplier name
Bank name
And purchase details
And you you owner is a bull crap because we don't care about how you purchased it - business entity concept lol
CAclubindia
