Dear Experts plz consider the following case:
The company in which i am working has Rs 34055 Tds receivable as on 31.03.2011 which has been shown in their balance sheet under head current assets. The tax liability for that year(2010-11)came to Rs 11634. So there is refund of Rs. 22421 which has been received by company on 11-2-12. Now how TDS standing on 31.3.11 of Rs 34055 and Tax paid of Rs 11634 and Refund of Rs 22421 is to be adjusted in balance sheet as on 31.03.2012?
Thanx and Regards.

Dear Sir,


In Tally 7.2 ver Opening stock value came in the closing stock value same and in the current f.y. 2011-2012, there is no stock is remaining all are stock are sold In such case how we can show the effect in Tally 7.2 ver

Please tell me how to solve this problem in tally 7.2 ver

sir, in propriter ship firm the propriter purchased the land and doing construction on it....can we show this in our fixed assets if yes then what is the header of assets and if no then what to do..???

Dear Sir,

We have purchased car on company name but usage will be for employee use. As per comapny act depreciation rate for vehicle 9.50% but if the car use for employee then what is depreciation rate as per company act & income tax act

Thanks & regards
SUREKHA

On realisation of proceeds of export sales which were discounted, the remitters' foreign bank has levied certain charges which is reduced from the remittance amount and balance is remitted to receivers' bank account:

What would be the treatment of this amount as reduced by foreign bank:

a.Finance Cost booked under Bank Charges
b. Reduction in Receivables
c. Reducing this amount while calculating the FX Gain/Loss

Kindly advise.
thanks

My company deals in Suppling & Fixing of Roofing Sheet and also supply Materials for Fixing purposes, in which we require Labour for Fixing the Sheets & also for Painting the Sheet & Purline etc.I want to know whether all labour payment will be considered as Direct Expenses or Indirect Expenses. Some of the Payment is made in Cash & Some by Cheque & for which we don't receive any bill from Labour Contractor but after completion of work we raise bill to the Party for Labour Work.

Hi,

I have a doubt in Balance Sheet, Can we prepare balance sheet on monthly basis, If yes how to calculate depreciation and other things, please let me know

Thanks
Vijay

Dear Sir,

I have purchase a engine from mahindra dealer and make the payment for the same, but I found that the same is defective, I approached the mahindra & Mahindra for the engine. Now M&M is agree to make the payment against warranty claim.

Now, Please help me to pass the accounting entries for the same.

thanks & regards
Deepak Gupta

I have only 2 queries

1, 4 Partners A,B,C,D creates a partnership firm after 1 months there are some purchases which will be paid to sundry creditors but partner B says i will pay to all creditors so how to do entry of it ?

2, partner D want to retired from partnership firm after 1 year. after calculation of capital, partner A decided to pay to partner D all his capital in this case how to do entry in account of partnership firm ?

Respected Sir,
i just want to know the accounts head or under which account it will appear 1)10.3% service tax on Purchase
2)10.3% service tax on sales
3)12.5% vat on purchase
4)12.5% vat on sales
5)C Form
kindly give the reply urgently.