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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.
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Answer / 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 |
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Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.
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