Anonymous
10 May 2012 at 16:02

What is tally?

Please explain tally meaning


vikas
10 May 2012 at 15:51

Share account in tally

Sir,
I am doing accounting work in Tally
my client dealing with shares around more than 100 scripts last 20 years with huge turnover

How can I maintain all this with stock in Tally or any good software if any has please clarify

Thanking you
Vikas



Anonymous
10 May 2012 at 15:17

Below the line adjustments

dear all!!
greetings of the day

what does "below the line adjustment" means??



thnks in advance



Anonymous
10 May 2012 at 13:13

Entry after filing tds return q4

What entries is required to be passed where tds return for Q4 2011-12 is already filed, but after filing return some bills are received dated before 01/04/2012. I don't want to file correction return or say bill received after 15/05/2012 which is last day of filing return.I think entries are
1) FY 2011-12
Exp Dr full Amt
O/s Cr full Amt

2) FY 2012-13
O/s Dr full Amt
Party Cr full amt less tds amt
TDS payable tds amt



Anonymous
10 May 2012 at 13:12

Capitalised

Dear all,

hou much purchase amount we are consider as capitalised


Great Roy

Could anyone provide me the latest version of Tally ERP 9 with Crack.



Anonymous
10 May 2012 at 09:22

Tally entry


dear sir pls.help for
income tax paid entry samz main aagya.
lekin Provision for income tax A/c,Advance tax Or TDS Receivable tally me kon se a/c ke under aayegi.



Anonymous
09 May 2012 at 18:18

Capitalisation

My company is into construction business..... During the year they have purchased sheets which are used as barricades which will be sold as scrap after completion of construction. Should I capitalise this item? If yes under which category does it fall under companies Act and Income Tax Act.



Anonymous
09 May 2012 at 17:32

Provisions

We have given provisions for Audit fee payable for Rs.20,000-00; TDS payable Rs. 22000-00; Income Tax payable Rs.90000-00 and Rent payable Rs.75000-00 in the financial year 2010-11 in balance sheet. The above amounts are paid in 2011-12 financial year by way of cash. Whether we will take those amounts in debit side of Profit and Loss account in the financial year 2011-12. Can you give reply.


Ajay Singh Bhati
09 May 2012 at 15:07

Depreciation

Dear Members,

I have just join a manufacturing company in Ethiopia. Here I looked last year's balance sheet which ended on 31-12-11.

I the Annexures of Calculation of Fixed Assets after deducting Depreciation, the Auditor's mentioned as following:

"FA are stated at cost less accumulated depreciation> Except for the Depreciation of building which is calculated on straight line method; Depreciation of all other assets is charged as per a % of net book value at the following rates per annum:

Buildings - 5%
Plant & Machine - 20%
Motor Vehicles - 20%
Furniture & Fixture - 20%
Office Equipments - 20%
Computes & Printers - 25%

The table of depreciation they provided is as follows:

Fixed Asset - Balance as on 01-01-11 - Addition - Balance as on 31-12-11

Building - 2747815 - 0 - 2747815
Plant & Machine - 9089227 - 1144233 - 10233460
Motor Vehicle - 2413230 - 0 - 2413230
Furniture - 148080 - 19067 - 167147
Office Equipment - 139640 - 236671 - 376310
Computers & Printers - 124272 - 159402 - 283674
-------------------------------------
TOTAL - 14677854 - 2652968 - 17330821
=====================================

The Depreciation provided as under:

Building - 227509 - 137391 - 364900
Plant & Machine - 2368767 - 1572939 - 3941706
Motor Vehicle - 675659 - 347514 - 1023173
Furniture - 37566 - 25916 - 63482
Office Equipment - 39940 - 67274 - 107214
Computers & Printers - 37897 - 61444 - 99341


-------------------------------------
TOTAL - 3387337 - 2212478 - 5599815
=====================================

NET BOOK VALUE - 11290516 - 0 - 11731006

Can you please suggest how this depreciation was calculated.

Thank you

Ajay Singh






CCI Pro



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