Sir
We have purchased Car via bank loan.please suggest in tally which group create the ledger in Bank
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Replies (3)
Quick Summary
Car - under fixed...
Loan - Current Liability...
Note : car purchased by company then it's under fixed asset
Loan - Current Liability...
Note : car purchased by company then it's under fixed asset
Agree with raja pm
Also entry
car insurance premium Dr
to bank
ins premium not to be capitalised.
car insurance premium Dr
to bank
ins premium not to be capitalised.
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