Sir
We have purchased Car via bank loan.please suggest in tally which group create the ledger in Bank
Car - under fixed...
Loan - Current Liability...
Note : car purchased by company then it's under fixed asset
3 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 21 February 2021
Agree with raja pm
Kapadia Pravin
(17259 Points)
Replied 22 February 2021
Also entry
car insurance premium Dr
to bank
ins premium not to be capitalised.
car insurance premium Dr
to bank
ins premium not to be capitalised.
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