we are going to purchase a new office/gala . we are using
tally software. in above transction we have to pay stamp
duty,ragistration fees etc. my question is uder which heads
i enterd above exp in tally.
Answer Posted / pradeep
Freinds stap duty and registration fee both will be part of
cost of new office, hence you should include this expenses
in the cost of new office.
Pass enrty
New offibe a/c Dr.0000000
(Open new office a/c under the head fixed assets in tally
and pass entry with the amount (Cost of purchase+stamp
duty+registration fee)
To cash/Bank/Creditos 0000000
| Is This Answer Correct ? | 9 Yes | 1 No |
Post New Answer View All Answers
Why does the accounting equation have to balance?
WHETHER CAPITAL RESERVE CREATED OUT OF SALE OF FIXED ASSETS OVER AND ABOVE THE COST BE TRANSFERED TO PROFIT AND LOSS ACCOUNT
Tell me in which account does the unpresented cheque will get recorded?
Suppose you buy a one-year government bond that has a maturity value of Rs.1000. The market interest rate is 8 per cent. (a) How much will you pay for the bond? (b) If you purchase the bond for Rs.904.98, what interest rate will you earn from this investment?
What and How to compute an unsecured balances?
What is compound journal entry?
Do you know the term account payable?
can we credit depreciation of the year to the general reserves in a balance sheet of that year? and also enlist some relevant documents or standards?
what is account reconcillation
What is aggregate Liabilities ?
what are your current financial and accounting projects? What is your role?
what's the difference between impress cash account and petty cash account
What is cost accountancy?
How to make privision in SAP. (Please revert on the possibility of making this happen at PO Stage)
Why you want to change???