Accounts
This query is : Resolved
25 March 2014
I have fixed deposits of two banks and opening balance is shown of two fd accounts.when i tallied both the bank's fixed deposit,i found that there is a deficit in 1 bank's fd and the same amount is shown as surplus in other bank's fd. can i adjust the surplus amount with the defecit?
ex: fd with sbi showing deficit ( 10 lacs)
fd with central bank showing surplus 10 lacs
can i adjust them as on 1/4/2013?
ex: fd with sbi showing deficit ( 10 lacs)
fd with central bank showing surplus 10 lacs
can i adjust them as on 1/4/2013?
25 March 2014
For what u r asking about ITR or in Tally(ur accounts book)?????
25 March 2014
pls ask question which is clearly understood......
25 March 2014
for tally. i adjusted that balance the way i showed you
25 March 2014
you have to record the value of fd which is reflected on the certificate of deposit of fd and that too bank wise u cannot adjust this way...
25 March 2014
Record it as mentioned in FD(certificate).
Example:
Profit 10L
Loss 10L
Remainder NIL
U cant adjust it manually. The software(Tally) will calculate it automatically. If u calculate it manually it is against accounting policy & the disclosure is also not maintained...
Example:
Profit 10L
Loss 10L
Remainder NIL
U cant adjust it manually. The software(Tally) will calculate it automatically. If u calculate it manually it is against accounting policy & the disclosure is also not maintained...
25 March 2014
i have passed 1 entry for
fd with central dr (deficit)
to fd with sbi (surplus)
as on 1/4/2013 so i got adjusted. Tally cant adjust with two seprate accounts. now my both fd got tallied and as on today it is matching with bank records.
fd with central dr (deficit)
to fd with sbi (surplus)
as on 1/4/2013 so i got adjusted. Tally cant adjust with two seprate accounts. now my both fd got tallied and as on today it is matching with bank records.
25 March 2014
If u have solve ur query then what u wana ask??
25 March 2014
Then what me replied above???
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Gift Received from nonblood relative
- Section 50-fixed asset-->building ceases to exist
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Putting a heading on received mail
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
