hi all,
how to pass sale of fixed asset entry in tally with sale invoice print option.
thanks in advance
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tally entry for fixed asset sale
Replies (5)
bank. Dr
To fixed asset
in case of profit or loss on sale it will be debited if loss and credited if profit arises
To fixed asset
in case of profit or loss on sale it will be debited if loss and credited if profit arises
how can I generate invoice for sale of fixed asset in tally?
If loss on sale of Asset
1) Bank A/c Dr
Depreciation A/c Dr
Profit & Loss A/c Dr
To Asset A/c Cr
( Being asset sold & loss transfer to P&L after considering depreciation )
2) In case profit on sale of asset only profit & Loss A/c will be credited on above given entry
as per your entry we can't generate invoice in tally
no chance to get invoice in tally, if sale of an fixed assets.
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