Accounts entry in tally

Motor car a/c fixed asset

Prepaid insurance a/c current asset 

Registration expense (included in car- fixed asset)

To Bank a/c 

Forgot to mention that transaction can be done in journal voucher directly. Or use the purchase voucher

Fixed Asset a/c+ registration fee

Sgst 

Prepaid a/c

To Creditor a/c

then make the payments from payments voucher