how to pass entry in tally

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nagendra.s (Querist)
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03 May 2008 we compute sales tax through Tally,
computation is done only when sales voucher type is in 'Sale' 'and 'purchase'

but problem is when we purchase capital goods it cannot be booked in purhase

we pass JV debiting nature of asset and crediting the party but doing this way input tax on capital goods will not be reflected in computation of tax

how to go about pl guide

thanks

regards

nagendra.s

CA Hemant T Dewani

CA Hemant T Dewani (Expert)
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03 May 2008 you will first crete following ledger A/c furnitre a/c, vat tax a/c .parties a/c
in tally when you will passed journal entry first
by furniture a/c 100000
by vat tax a/c 12500
to parties a/c 112500