GST Course

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

malarvannan (accounts executive)     01 June 2011

How to book journal entries for startup expenses

Hi friends

Can anyone guide me how to book entries for startup exp.,in tally like purchase of computer,a/c,furniture,rent advance,salary & telephone.

Its very urgent.....

Best regards

malarvannan.d



 9 Replies


(Guest)

Before startng any entries first creat the leadger in the right head than start the entries like ..........salry is indirect expences so,

salary A/c ........dr.

 to cash or bank A/C

Computer A/c .......dr.

 to party name or cash or bank.........as computers are fixed assests for the company,,,,,,

CA ADITYA SHARMA

CA ADITYA SHARMA (CA IN PRACTICE )     01 June 2011

FOR CAPITAL INTRODUCED ENTRY WILL BE PASSED

CA ADITYA SHARMA

CA ADITYA SHARMA (CA IN PRACTICE )     01 June 2011

CASH AC. - - - -- - - - -- - - - -  - - - -- - DR.

VARIOUS ASSET AC. -- - - - -- - - - - -  - DR.

           TO CAPITAL AC.

Rajnikant Vadigoppula

Rajnikant Vadigoppula (CA, CS And CMA Final)     01 June 2011

I AGREE FUTURE CA

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)     01 June 2011

Originally posted by : future ca

CASH AC. - - - -- - - - -- - - - -  - - - -- - DR.

VARIOUS ASSET AC. -- - - - -- - - - - -  - DR.

           TO CAPITAL AC.

Correct one

Ravindra kumar

Ravindra kumar (student)     02 June 2011

How to book entries for startup exp. in tally like purchase of computer,a/c,furniture,rent advance,salary & telephone ?

 

ANS:  firstly create ledger

     1.   computer, a/c, furniture  ------      under group  ( fixed assets)

           computer                a/c                    Dr.

           Airconditioner          a/c                  Dr.

           Furniture                  a/c                   Dr.

                        To  Bank or cash         a/c

       (  Being ----------------------------purchased)


2.    Party's   name   -----------     under group  ( loan & advance) current assets

       partys  a/c               Dr.

                To Bank or cash a/c

 ( Being rent paid in advance for the month.......)


3.    Salayr       a/c         Dr.

       Telephone exp.      Dr.


                   To Bank or cash a/c          

 ( Bing salary, telephone exp. paid vide cheque....... or cash)

 


       

Upender Anand

Upender Anand (C.A final)     02 June 2011

1st open following account, capital account,  computer and furniture account under head  fixed assets,  open advance rent account under head prepaid expensess, open salary and  telephone expenses under head indirect expensess, the passs the entry

 computer  a/c .. dr

furnitiure a/c ..dr

 To Capital account

advance rent a/c....dr

salary and telephone bill a/c ..dr

to cash

 

Bipin

Bipin (accountant)     02 June 2011

1.computer, a/c, furniture  ------      under group  ( fixed assets)

           computer                a/c                    Dr.

 

           Airconditioner          a/c                  Dr.

 

           Furniture                  a/c                   Dr.

 

                        To  Bank or cash         a/c


2. Party's   name   -----------     under group  ( loan & advance) current assets

       partys  a/c               Dr.

 

                To Bank or cash a/c

 

3. Salayr       a/c         Dr.

       Telephone exp.      Dr.

 


                   To Bank or cash a/c   


Themis Consult

Themis Consult (Service)     20 June 2012

Sure Mr. Malarvannan, we will be happy to help you. Please do share your email id with us and we will be glad to connect. You can see our credentials on www.themisconsult.com


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Start a New Discussion

Popular Discussion


view more »





Subscribe to the latest topics :
Search Forum:

Trending Tags