Pls Let me what un paid stock Means

Dear all,
Please solve the query-
A purchased a machine in Jan.2010 for Rs. 1100000/- for which he paid Rs. 1000000/- at the time of purchase and rest amount was to be paid after 180 days successfully running of machine. The machine could not run well even for 100 days and A had to spend huge amount on repairs in april 2010. He did not pay the seller the remaining amount of Rs. 100000/- for which the seller could agree only upto may 2011. The due amount was shown in balance sheets of 2009-10 and 2010-11 as payable.
Now,in 2011-12, A wants to delete that entry. What should be the proper treatment . Please suggest.
Thanks

What are the items in revised schedule VI which require assistanceor information from from the Company secretary or the Secretarial department of the Company.

hey experts..

Facts:
company is engaging in trading business, he purchase goods from india as well as outside india.

Query:

1)What is the treatment if goods purchase from outside india and it is still on the way or not received yet and payment has been made in advance,and invoice for this is already been received,

eg.
Value of Goods- 100000$
Date of Purchase- 1/1/12(rate 42 RS/$)
Invoice received- 1/2/12
payment details-
part payment - 60000$ on 1/2/12 (Rs/$ 43)
final payment- 40000$ on 22/2/12 (Rs/$ 44)

suggest-
1) When should i recognized purchase?
2) is it possible to recognized purchase in next year?
3) what should be the treatment as per AS 11?
4) Can we recognized payment as advance for purchase in last year, if yes then what is the treatment of fluctuation of rate as per AS 11?
5) what will happen if only part payment is made and final payment is made after 31 march?

plz do repaly...

Sir,
Under which group the Ledger 'Rounded Off' will come. And how should we make the entry for that if we make the entries in Tally.
Sometimes it may come on (-) or (+).

Anybody Please help me....

Regards
SURESH KUMAR.I.S

Hey Friends,

Please help me with this,

As I know Capitalisation of Fixed Assets will on the date of Installation or say on Put to use date.

Suppose My business is of Projectors which I Sale as well as give on rental basis,

So I Purchase any Projector I treat it in Stock & any Projector when I Rental I Transfer it to Fixed Asset

My Question is if I Want to Transfer One Projector From My Opening Stock How & What will be treatment for this??

Journal Entry for the same in Tally ERP 9??

i want to know what is the last date of submission of pf & esic contribution for an employer. is it monthly/qtrly/h.yrly/yrly?

hello sir i hav a doubt on int on capl and int on drawings.which is income and which is expense?

Dear Sir,

one of my client is making software.they are paying salaries to software engineers.At the end of the year they are still working on software.Do we need to show the salary paid to Engineers as WIP ?

Client is making its own Portal like "JUSTDIAL".they are going to launch the portal after one year.But the salary is paid to their engineers for making portal.Do we need to show the salary paid to Engineers as WIP ?

pls reply urgently.

Thanks

Rupesh shah

SIR.
i am doctor running my small clinic.i am the sole proprietor of the clinic.i am maintaining clinic accounts personally in tally 5.4 .my queries are ;

1 i have mentioned three bank ac in current assets ,one is current ac (individual) and two others are savings ac(joint-2nd joint holder is my wife).can i make clinic transactions through these saving ac too as a proprietor?
2 if not,how can i exit saving accounts from tally and deposit self withdrawal capital in these ac for personal use ?