In tally can we pass journal entry for record the asset purchase. for example. create laptop ledger under asset account, then journal entry as...
cr..bill amount in party account
dr laptop account
dr gst taxes account
all the details are shown in the respective account properly. I just passed the entry in this method. is it correct or not
Thanks
Yes the enty is correct. But instead of creating Laptop account it advisable to create "computers" as a ledger and should be grouped under "Fixed Assets". For every entry posting to that ledger, you are suppose to maintain Fixed asset register seperatly.
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