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PROPERTY TAX EXPENSE
How can we show in tally property tax paid ?
Replies (6)
Quick Summary
Property tax paid if related to business then it will be expense account debit to bank and if in personal nature then capital to bank
can u Tell the entry
I have written up
Property tax relating to business is allowed as expense and entry will be Debit Property tax (under head indirect expense) and credit bank
which Head ? can u tell Head name ?
In tally while creating ledger Property tax select the head indirect expenses
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