About posting the entries
This query is : Resolved
23 January 2017
Sir .I'm accounting a motor company and I'm not getting how to take posting in tally for the iron used for construction of the company..I have bill with me of iron purchased.. pls do someone help me out..
23 January 2017
1. Stock of Iron A/c ......Dr
To Vendor A/c
(Purchase of Iron)
2. Vendor A/c
To Bank A/c
(Payment to Vendor)
3. Building A/c
to Stock of Iron
(to the extent iron is issued for consumption in construction of building)
To Vendor A/c
(Purchase of Iron)
2. Vendor A/c
To Bank A/c
(Payment to Vendor)
3. Building A/c
to Stock of Iron
(to the extent iron is issued for consumption in construction of building)
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