Record Sale of Fixed Assets

 

Record Sale of Fixed Assets

When you are selling the fixed assets, you can record a sales transaction in Tally.ERP 9. 

1. Open the sales voucher screen.

a. Gateway of Tally > Accounting Vouchers > F8 (Sales).

b. Press Ctrl+H to select the Accounting Invoice mode.

2. Specify the buyer details.

a. Party A/c Name: Select Cash or Bank for cash sales. For credit sales, select the party name.

b. Party Details: Provide the Buyer details.

If you do not see the Party Details screen, press F12 (Configure), and set Enable supplementary details to Yes.

As always, you can press Ctrl + A to save and proceed.

3. Provide the fixed asset details.

● Select the fixed assets ledger grouped under Sales Accounts.

● Enter the amount.

4. Provide Narration, if needed, and accept the screen. As always, you can press Ctrl+A to save.

What you see on the screen can vary based on your choices. Press F12 (Configure) to change the options and F11 (Features) to enable or disable features.

This sale value will appear in the trading account and Sales Register