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Accounting Treatment for Computer Speaker in Tally ERP 9

Whenever a company purchases a Computer Peripheral such as Key Board, Mouse, or Speaker it can be treated as an addition to the Computer System or we can separately show it under Fixed Assets like Computer Peripherals. Both are allowed as per accounting.

Accounting Treatment for Computer Speaker in Tally ERP 9
Speaker Purchase entry in Tally ERP 9

If you have shown the Computer System under Fixed assets you can add the value of computer peripherals to the Computer System in the Balance Sheet. If there is such a Fixed Asset is not found in the Balance sheet it can treated as either Indirect Expense or a new Asset can be added to the Balance Sheet. In that case if the value of the Peripheral is of low value treat it Expense instead of showing under Fixed Assets.

General Accounting Treatment

Here i have Dell Laptop Inspiron in our Balance Sheet, so that i am just debiting the Asset ledger the entry will be like this.

 Dell Laptop Inspiron A/c Dr  800
  To Cash/Bank A/c   800

If you want to create a separate ledger for Computer Peripherals or an individual account then you can create a ledger with Computer Peripherals or Frontech USB JIL-3338 Speaker, which will be shown under Fixed Assets in the Balance Sheet.

Computer Peripherals/Frontech USB JIL-3338 Speaker Dr  800
 To Cash/Bank A/c     800

If you want to show it as expense as the value is very low you can debit the Printint & Stationery or someother such kind of ledger, which is suitable for that expense.

Printing & Stationery A/c Dr 800
 To Cash/Bank A/c  800

Accounting Treatment in Tally ERP 9

If you want implement in Tally ERP 9 Account Software Package you can create a separate ledger with Computer Peripherals under Fixed Assets group head, hence, it will be shown under Balance Sheet. Otherwise you can directly increase the Computer Systems if already exists.

And come to the Voucher Entry you can use Payment Voucher Entry if you are making payment through cash or bank or Journal Voucher if you get it on credit.

is the founder of AccountsGuy.Net with the view of providing Accounting and Technical support using Accounting package Tally ERP 9, and Office Tools to the people. I write articles on Accounts, Blogging, Computer Operating, and technical issues and some of my experiences on them for students, beginners. Follow our Networks or sing-up for the email newsletter below for your daily dose of Tips and Tricks.
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