Create a purchase invoice to record purchase of capital goods.
To record purchase of capital goods
1. Go to Gateway of Tally > Accounting Vouchers > F9: Purchase.
2. Press Ctrl+V to switch to voucher mode.
3. Click F12: Configure.
4. Enter Supplier Invoice No. and Date.
5. Credit the party ledger and enter the amount.
6. Debit the fixed assets ledger (grouped under Fixed Assets and with Purchase Taxable - Capital Goods selected as nature of transaction), and enter the assessable value.
7. Debit current assets ledger created under Current Assets.
o Enter Commodity Name, Commodity Code, Assessable Value, VAT Rate % and VAT Amount Claimable in the Input Credit Details screen.
o Press Enter to return to the voucher screen.
8. Set the option Provide VAT Details? to Yes/No, as required.
The purchase invoice appears as shown below:
9. Press Enter to save.