Sir,
I want to purchase US$ 500 in cash for authorised Foreign Exchange dealer for my company sales persons & directors foreing trip and I have no account with the foreign exchange dealer, so they are not trust on me or my company, how I adjust excess amount in my accounts books. If I am not able to spend more than 20,000.

I AM DOING SERVICE AS AN ACCOUNTANT IN A ONE FAMILY. & THEY GIVE ME SALARIES FROM FAMILY MEMBERS A/C. SEVEN A/CS MEANS A I GET SEVEN CHEQUES EVERY MONTH AS A SALARY.
I WOULD LIKE TO KNOW ANY PROBLEM ARISING WHEN I FILE INCOME TAX RETURN ?

what is deferred tax liability/asset ? how the accounting takes place with some illustrations ??

is stock in hand considered as profit?
If NO,THEN WHY DOES IT APPEAR IN THE TRADING A/C TO ASCERTAIN GROSS PROFIT?

Dear expert,
we are having few private unlisted companies and proprietary concerns under same management. we used to transfer funds in between these companies & firms when there is shortage and even some times goods & services were also bought between the these companies. Due to these transactions one company will be liable to other i.e debit and credit balances exists among these companies and firms .My doubt here is can we adjust debit balance of Company "A" in the books of Company "B" against Company "C" credit balance in Company "B" books.

Auditor not checked bank statment carefully in last year. In our audited balance sheet bank balance is not tally with our bank statment. Our CA checked bank statment as on 15.03.11 and same amount given in balancesheet as closing balance on 31.03.11. after 15.03.11. bank debit bank charges on 31.03.11 and therefore Closing balance as per bank statment and our account not tally.
What entry we should do?
What about auditors resposibility?

Can preliminary exp cn adjuest in profit n loss a/c when its incurred. Or showing and carried forward as miscellanous exp.

Hi, I am working in propritor firm, My query is we closed our last yr.books.Propritor open current a/c in last year but not shown in balance sheet. Now in this year we have to show it in books. So,in that account last year closing balance was Rs. 10000.
What entry should I do?

Hi,

Please say how acn we solve the problem:

Answer Rs.20,000.00 after deducting 2% please say how to calculate gross amount.

regards

We have a C&f business. the parent company provide us wth stock and we give it to the stockist. But we generate sales bill as they use our vat number though it is not our sales. Now in tally we have to show it as sales because parent company use our vat number to sale goods. this is not our revenue. They give commission which is our only revenue. how to show effect of such sales in tally as if it will be a part of sales without being a part of revenue.

somebody please help me.