i am new to Tally ERP 9. i have a problem facing the negative stock balances for few items. now i want to know, how do i write-off/adjust in Tally and make them NULL/Zero as at 31/12/2011, so that they don;t appear as 'negative' as the opening bal. from 1/1/2012..i have used the physical stock entry screen for the differences stock items. but for those item whose balances is simply Negative appearing from previous years for may be several reasons, how to deal with those? thanks in advance for any help..
1 Accounting AllOther 15170our company purchased a used Forklift car. it is 6 year old. since it has reached its depreciated value, do i need to take it as a Fixed Asset? or just book it as an expense ?
1 Accounting General 3045
Question { 3079 }
Honda car dr 11556 purchase 25/08/2010
to bank cr 4100
to loan cr 7456
Installment paid upto 31/7/2012 @ 207/-pm (total 4761/-)
Loan Bal. 2695/-
Car was cancelled due to accident in June-2012.
Finance company refunded 6656/-(15/08/2012)
Total accumulated depreciation was 5202.318.
what will be the Car write-off entry..??
Answer
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