I am running a educational trust and I have opened a Bank account in the name of the trust. But some of cheques paid to the party like rent, purchases etc had been paid thru my personal account. Pl tell me how to account this.

My land lord had sent a rent receipt for 2,00,000/- for the month of nov'11 rent.
Out of that i have deducted 100000/- for painting & whit washing. Please tell me how to pass a journal entry since i have paid only 1,00,000/- as rent to my landlord but i have deducted 10% tds on Rs.2,00,000/-

Naveen Prabhu

Dear Experts,


I need some answers :-

1. Is there any guidelines issued by RBI to prepare CMA DATA for working capital loan.

2. source for Complete Report of Shri Prakash Tandon committee.

3. Or cma data is based on the prescribed proforma given by bank. ( based on normal accounting data and ratios, funds flow etc we study in our books e.g. in CA/ICWA ).


4. No of times sale require for Working capital loan e.g. 8 times of working capital loan

5. Any other information which may be helpful in preparing cma data.


( Your Each & every answer is valuable for me )

Warm Regards & Thanks

I have received an purchase order from the poland company towards supply of equipment in December - 11.

Part of the material say 50% to 60% will be supplied before this march and balance will be supplied in next year. However the total installation will take place only in next year.

As per the Purchase Order the terms of payment is as follows:

1. 20% advance against submission of advance bank guarantee valid till the date of supply.
2. 10% against approval of pre-manufacturing drawing
3. 50% against supply of equipment.
4. 10% against installation
5. 10% against Commissioning and submission of PBG for 10% of the order value.

Whether i can raise a final invoice based on the above event completion and recognize the income at respective stage in my books of account.

If not please provide me the correct methodology to enable me to pass the correct entries in my books of accounts.

we are purchase new car by bank loan kindly suggest for proper account entry in tally

I'm confuse between Internal reconstn & Amalgamation especially while preparing accounts bcoz most of the treatments of accounts are same

I will present a cost representation of a company (which produce toys), that means which products is more produce or less,
If u have any suggestions please tell me.

1.Will someone pls. advise how to breakup/Calculate the salary in pvt. ltd. company( exp- gross salary 20,000)into basic , hra, DA, Special Allownace etc.?

2. how to calculate Leave salary payable in pvt. ltd company as per law?

please get attention on this query to everyone
if there is company export the goods and book it as sales at that time US $ 52 Rs. and while receiving payment at that
time US $ 55 Rs. whatever the foreign exchange gain i.e, Rs. 3 is realised whether it would be appropiate
to credit it in sales account or if not why ? please consider this sales has been made during the year not at the end of the year.
Answer the question as per applicabilty of AS -11

Can anyone pls tell how purchases of goods is done in an organisation.
I am more confused on when GRN should be prepared after or before receipt of invoice?
why & how is it prepared?

what is significance of preparing GRN??

pls reply soon..

expecting reply......