tally entry for fixed asset sale

kiran (student) (71 Points)

18 February 2019

hi all,
how to pass sale of fixed asset entry in tally with sale invoice print option.
thanks in advance

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5 Replies

Giridhar S Karandikar (Team Lead) (7548 Points)
Replied 18 February 2019

bank. Dr
To fixed asset
in case of profit or loss on sale it will be debited if loss and credited if profit arises

kiran (student) (71 Points)
Replied 18 February 2019

how can I generate invoice for sale of fixed asset in tally?

prasad Nilugal ( GST Practitioner & Accounts ) (14801 Points)
Replied 18 February 2019

If loss on sale of Asset

1) Bank A/c Dr

Depreciation A/c Dr

Profit & Loss A/c Dr

To Asset A/c Cr

( Being asset sold & loss transfer to P&L after considering depreciation )

2) In case profit on sale of asset only profit & Loss A/c will be credited on above given entry

kiran (student) (71 Points)
Replied 18 February 2019

as per your entry we can't generate invoice in tally

satish (teaching) (2046 Points)
Replied 19 February 2019

no chance to get invoice in tally, if sale of an fixed assets.

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