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Entry in tally

Akbar (Student CMA) (41 Points)

11 December 2016

If purchased of Fixed assets by bank, then what will be the entry in Tally or in which voucher will be entered?

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4 Replies

Niyati Shah (88 Points)
Replied 11 December 2016

PAYMENT VOUCHER

FIXED ASSET A/C DR

TO BANK

for this you need to create account of fixed asset in asset group

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PARAS (ICAI BHAWAN) (50 Points)
Replied 12 December 2016

First of all, you need to make a new ledger account by pressing "alt + C" by the name of desired Fixed Asset say Furniture under Fixed Assets. After that pass a JE by debiting that asset and by crediting the bank account which you have used to pay, if you have not incorporated bank pass book/ statement in Tally.

Entry will appear like following:-

Furniture Dr.

HDFC bank a/c Cr.