Dear sir,

What is the meaning of Amalgamation & Demerger. What is Amalgamated, Amalgamating

Dear Sirs,
I want to learn how to manage inventory in Tally Erp 9.
Pls help me for the same....

To,
Mr. Nitin Agrawal

But where has to show closing stock of By Product (scrap) in balance sheet, bcoz consuption is not get tally with stock st. and as per balance sheet.

Thanx & regards

To,

All Experts

whaterver scrap generating in manufacturing co., in stock statement which is tobe prepared for the whole year then where to show closing stock of that is to be showen in raw material side or semi-finished and whatever scrap generated during the year where it has to be showen?

Please given me your valuable advice.

Respected Sir,

TDS TO BE DEDUCTED ON GROSS AMOUNT ON NET AMOUNT FOR E.G.

NET AMOUNT 145000/-
SERVICE TAX @10.3% 14935/-
--------
GROSS AMOUNT 159935/-

lESS : - TDS 10% 15994/-


NOTE : - AS PER MUMBAI HIGH COURT JUDGEMENT TDS TO BE DEDUCTED ON NET AMOUNT NOT IN GROSS AMOUNT:

Please suggest me.

Thanks

I wanted to know,

1) what is the treatment of goodwill, when goodwill has been recorded in the books, where some consideration in money or money's worth has been paid.

2) why it is important to see that, the amount paid to vendors, not presented by tangible assets has been debited to goodwill

3) And, why it is said that, it is not prudent that, goodwill shown in the company's a/c by way of writing up the value of its assets, on revaluation or writing back the amount of goodwill earlier written off by the company.

Expert's opinion requested.

Thank you.

I wanted to know,

1) what is the basic accounting treatment for goods sold on sale or return basis ?
2 ) If goods are approved by debtor before the closer of the books, what would be accounting treatment ?
3) And what would be the accounting treatment if goods are lying with debtor, not approved by debtor before closer of books.

Awaiting for experts' and others' opinion.

Thax.

With respect to IFRS- We show the Equalization Credit in Balance sheet in Liability side But In Cash Flow statement we do not show the Equlisation Credit movement
Kindly advise me for what reason we do not show the movement in Cash Flow statement

i was reading guidance note and got stuck regarding entry for provision of excise duty on finished goods. as per guidance note following entry shall be passed on 31/03
p&l dr
to provision for Excise duty

suppose goods are sold on 15/04
debtors a/c dr
to sales
to excise duty payable

on payment
excise duty payable a/c dr
to bank a/c/cenvat
how to close provision for excise duty account. should it be reversed if yes then when .

urgenlty waiting for your reply
thanks in advance

Dear Sir

Thanks for Valuable Advise,
My Query is that in our Company,
We have Opening Provision of FBT i.e provision For Fringe benefit tax.
So What is the Treatment of this in the Current Year.