Taking computers or laptop on rent

It's a straight forward operating lease.

@ Uday rent is not a commercial transaction because your hiring something from a civilian. Lease is the better term because it holds commercialist. This must be mended in the books

You have to show only the closing balance. What installments you pay impacts income statement and bank. 

I don't mean to be rude but never contact me again 

Which means iam preparing for balance sheet on 31.3.2022 means on that date closing balance amount IAM I right sir

didnt you pay rentals on every lease?  When a company needs a car it leases and not rent. Because lease companies need to survive they discount the cost. Advantages? Lease is not flexible but if some established company finds that rentals are cheaper and so can leases be. That means the biggest people are not promoting leasing companies just because you know a driver who is alone but a lease company provides employment. Sabyasachi your a boring person to me cause you don't have any strategy in life and you always followed your cheap CEO policy which is for his own good. You know that belligerent and yet I can multiple arguments that your claim doesn't have a real validity in accountancy because you follow policies and it's not my job. Sometimes bro, rentals can be burdensome than an implicit rate? Do you have evidence that it is not. Your a ca and don't contact me anymore cause I have a mind ruin you. 

@ sabyasachi why wouldn't you consider an implicit rate better than rent? No standard in As, IFRS nor Indas addresses this comparitive advantage. But what big use of trying to be CEO when you don't lease equipment from a company who employed a dozen. This is economic development and besides the owner doesn't give a crap about us apart from living a lavish life. If you know the market rates for both, then keep quiet because your not a CA to know everything before you joined a small fraud company. 

Sorry I guess your into the business but many facts are answered properly. NOI on profitability. Whether is NOI does exists for peripherals and computers. Pros and cons is just the flexibility between rentals and operating leases but not the profitability facts. Taxation could differ. No logical explanation. A car rental is treated as an operating lease in EU. I don't know why AS standards are poor.

Sorry I guess your into the business but many facts are answered properly. NOI on profitability. Whether is NOI does exists for peripherals and computers. Pros and cons is just the flexibility between rentals and operating leases but not the profitability facts. Taxation could differ. No logical explanation. A car rental is treated as an operating lease in EU. I don't know why AS standards are poor.

When you take computers or laptops on rent, the expense typically falls under the "Rent" or "Computer Rent" group in Tally. You can create a new ledger under Indirect Expenses with a name like Laptop/Computer Rent to keep it organized.

Here’s how you can record the entry in Tally:

Journal Entry:

Laptop/Computer Rent A/c    Dr.
     To Bank/Cash A/c

This records the rental expense properly in your books.

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