how to put purchase entry of tally software purchase in tally
means if a company purchase tally software and want to make an entry of that purchase in tally ..how should the entry be and under what heads or group does it comes and
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How to put purchase entry of tally software purchase in tally
Replies (4)
Quick Summary
Tally Software A/c Dr
CGST A/c Dr
SGST A/c Dr
To Trade creditor A/c Cr
( purchase of Tally Software)
Trade creditor A/c Dr
To Bank A/c Cr
( Payment entry)
Tally software A/c under Intangible Asset , Asset side Balance sheet.
CGST A/c Dr
SGST A/c Dr
To Trade creditor A/c Cr
( purchase of Tally Software)
Trade creditor A/c Dr
To Bank A/c Cr
( Payment entry)
Tally software A/c under Intangible Asset , Asset side Balance sheet.
You have to define ledger under creditor and allow gst on it and define gst on stock items. Then you can pass purchases entry
What's the cost of software?
you can treat it as deferred revenue expenditure.
you can treat it as deferred revenue expenditure.
Capitalise under fixed assets
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