Ledger Name in tally

12 May 2022

Sir,

We have purchased curtains, Pillow cover, bed sheet, Sofa cover, Mat, Towels, etc for shop. in tally please provide name of the expense head.

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6 Replies

Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 12 May 2022

You can book it as furniture & fittings.

If it is for resale then book it as stock

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 12 May 2022

It will be accounted for under Fixed Assets. You can show it either as furniture or as shop construction

Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 12 May 2022

Is the shop constructed or it is under construction?

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 13 May 2022

Both are equally good. If shop is under construction then you can show it under construction

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Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 13 May 2022

@ Naveen Kumar ,

Consider it as PPE as per AS-10 if the shop is in working condition and those are used for business purposes

Accounts Kesu (2 Points)
Replied 02 August 2024

where should we can entry bed sheet curtains exp in hotels account??

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