Entry for purchasing mobile for self use / gift

This query is : Resolved

Abhishek Agarwal (Querist)
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23 November 2018 Hello experts!
Please advise how to do entry in tally for purchasing mobile phone with GST invoice. Payment has been done by a friend on my behalf. Invoice is on my company's name. I have to make payment to my friend. I will make payment by bank transfer.

Thanks.

CA.Sourabh Sethia

CA.Sourabh Sethia (Expert)
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23 November 2018 As per your Query it seems that its a company (Constitution) therefore i assume you are a director
In the Books of Company

Director Remuneration/Welfare Expenses ....Dr
To Abhishek Agrawal

Abhishek Agrawal.......Dr
To Bank

in the books of Abhishek

Mobile A/c ..............Dr
To Director Remuneration

Friend A/c Dr
To Bank

Bank A/c Dr
To Company

Company A/c Dr
To Friend