Furniture

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 June 2010 how to pass the entry for furniture in tally 9
we paid advance 100000/-
by chq. and at the time of invoice remaning amount 100000/- paid by chq.

let me know

Thanks In Advance

Reddy

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
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15 June 2010 Party A/c DR. ( Advance Amt)100000
TO Bank 100000

Furntirue A/c Dr. 200000
To Party 200000

Party Dr.100000
To Bank 100000

These enteries are made assuming that you are purchasing the furntirue with party.

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Rahul Gupta

Rahul Gupta (Expert)
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15 June 2010 At the time of Advance given >

Advance for Asset......Dr...Rs.100,000
Bank Account...........Cr...Rs.100,000

At the time of Invoicing and asset received >

Furniture .............Dr...Rs.200,000
Advance for Asset......Cr...Rs.100,000
Bank Account...........Cr...Rs.100,000

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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15 June 2010 1) Vendor A/c Dr.......100000
To bank---100000
---For advance
2) Furniture & Fixture A/c Dr....200000
To Vendor A/c ....200000
---For Booking Bill
3) Vendor A/c Dr....100000
To Bank....100000
----For Balance payment