how do contra entries treated in cash flow statement.?

Dear Sir,

I make billing foreign party oF $10000 as on 31.12.2012 at that time & rate is 54.00 so i make entry in tally of (10000$*54.00)=540000 but today i received payment of Rs.500000/- (10000$*50.00) than how pass this 40000/- entry & close the party account

How can the Receipt & Payment A/c, Income & Expenditure viewed in tallyERP9?

Dear Sir

In new format of Schdule VI
HEAD-P/L LOSS show in which head in balace sheet.
(1) Non-current assets
(a) Fixed assets
(i) Tangible assets
(ii) Intangible assets
(iii) Capital work-in-progress
(iv) Intangible assets under development
(b) Non-current investments
(c) Deferred tax assets (net)
(d) Long term loans and advances
(e) Other non-current assets

Thanking You
Punit Kumar Bhansali
09239221477
EROo121375
CA Final Student

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