AT 31st of March ' 2011 (FY 2010-2011) Sundry Debtors Outstanding is 11,00,000.00, out of those I have cheque in hand of Rs. 7,00,000.00 ( 200000/- of 3.04.2011, 200000/-, of 08/04/2011 & 300000/- or 12/04/2011 ).

My Question is do i have to create and Debit cheque in hand account under (C/Assets) and Credit he debtors account,

and show the balance as on 31st of Rs. 400000/- or i have to just show Debtors balance of Rs. 11,00,000/- on 31st and credit the in the next financial year( Date of Cheque)

Awaiting for your valuable reply..

Respected sir,
I want to know the loan taken & loan given seperate entry in Tally, please reply as earlier as possible.

Resp. Sir,

I am having an proprietorship industry manufacturing plastic moulded part by using various moulds.

Please let me know what is the rate of depreciation on mold under I-Tax rate

Further I had constructed fabricated temporary shed behind factory building can i claim depriciation @100% on shed under Income- tax act

Please advise

Hello sir, i am a student of CA IPCC n i am appearning exam in may '12. I have a query in financial mgt in RTP question no. 3 investment decision. How to calculate MIRR in that question? Give me full answer.

incentives came in which under in tally?

PLEASE TELL ME

WHAT ARE THE RATES OF REMUNERATION TO DIRECTOR APPLICABLE FOR IPCC MAY 2012 EXAM

Respected Sir

As we know opening stock is shown in T.B. but i want to know that why closing stock is not shown in T.B? and why only is opening stock shown in T.B.?

Thanks

Dear Sir,

If i want to provision for exp. of audit fees of Rs.25000 & legal fees 100000/- for 31-3-2012 than how pass entry in tally for f.y.2011-12

when Ms.dev issued cheque to Mn co (old co)& deposited in current ac then Mn co is transferred the same amt to its loan account ( Loan account bearing the new co).

old co has just chaNGED THE NAME.


Above transaction is in pursuant to purchase the charged property after receiving the noc certificatet from the bank.

Fro the accounting prospect how to record this tn in the books of Mr.Dev?

Sir
we paid to one supplier Rs10,000/- after that there is some problem happend and they filed case aganist us.so at the end of the year how i will account this amount which entry i have to pass at the end of the year.
Thank you