good morning to all expert.
i want to know about tally erp.9 user and security.i want to give security to my user. i want this that my user only create and displayed the back dated voucher and my user after create the voucher can not alter the voucher.for this wht i do.while i have created user and password.and i allow 5 days to security named day allowed for back date voucher.

Can anyone plz calculate Closing Deferred Tax Asset for me?



Deferred Ta Asset at the opening: Rs. 6,00,000

Accumulated Losses at the year opening: Rs. 10,00,000

Loss for current year: Rs. 4,50,000

Unabsorbed Dep. at the start of year: Rs. 50,000

Dep. for current year (Unabsorbed): Rs. 35,000



Thanks in Anticipation

Dear Sir,

I am working in pvt limited company, i want to know the require entry for finalization of account please.

What kind of precaution take in to the finalize the accounts

The balance of Mr.R.K. ("DEBTOR") standing in my books is Rs. 75000/- for the last 6 years. Now I have received Rs. 235000/- from Mr.R.K. as final settlement. I have always done sales with him. He has given Rs. 160000/- more than outstanding.
I am not able to arrive at whether he has paid the right amount (i.e. we may not have recorded the sales)or is a mistake on his part. If we are not able to come into conclusion by the year end, what is the solution of the same?
Whether we can show such amount under the head "Creditors" or else we need to adjust it in Profit & Loss?
If we need to adjust it in P&L then under which head it should be done?
If the answer to the above question is under the head "Sales", then the problem is that we have submitted our Sales Tax Return to the government of previous figures.
PLEASE PROVIDE ME WITH THE SOLUTIONS & ALTERNATIVES.

good morning to all expert.
i want to know about tally erp.9 user and security.i want to give security to my user. i want this that my user only create and displayed the back dated voucher and my user after create the voucher can not alter the voucher.for this wht i do.while i have created user and password.and i allow 5 days to security named day allowed for back date voucher.

Under the modern approach, any increments in the following accounts: assets, liabilities, income, capital, expenses are taken in the order >> debit, credit, credit, credit, and debit.
With regards to the above, if we journalize the following event: Mr.X withdrew 500 in cash from his business for personal use, the entry will be:

Drawings A/C Dr. Rs.500
To Cash A/c Rs.500
Here cash, an asset decreases, and hence is being credited. Why is Drawings being debited? Is it because capital is decreases as a consequence of the above mentioned event? And why is the Drawings A/C taken in lieu of Capital A/C? Why don’t we simply debit the Capital A/C?


I am a novice in accountancy and commerce.
Hence kindly forgive me if my question is too babyish.

A SEZ Company is in TAX Holiday period and no Tax Liability on business income. As now MAT Provision are applicable to SEZ Companies. Please help on below quires

Query
1.How to Compute MAT Tax
2.What are accounting entries to pass in books of accounts
3.How to present MAT Credit in Financial Statements
4.Whether payment of MAT Tax can be adjusted from TDS recoverable

Thanks

Dear Expert,

Our firm is in construction line of business. We purchases a land and construct it and sell the flats.

Land so purchased is tobe shown under purchases or Fixed Assets.

Land so purchased is constructed within a period of around 2 years.

If we shown it as a Investment, then after construction of building will it amount to conversion of capital asset into stock in trade? and capital gain will arise

OR

If we shown a land as fixed Assets then also capital gain will arise.

If We will Show it as a purchases then no capital gain will arise at the time of sale of flats.

Which method is correct? Plz guide me. I am confused.

Please help,

Managerial Salary is Rs 3600/- in Trial Balance, but as per calculation (Adjustment) is Rs. 5723/-. Then what is the effect of Balance amount i.e. (5723-3600) 2123/-. As per ICAI Notes its shown in Sundry Creditors under Trade Payable. Please tell it is right ?

DEAR SIR,

WHAT IS THE MAJOR DIFFERENCE BETWEEN SINGLE ENTRY & DOUBLE ENTRY SYSTEM AND WHAT IS THE MAJOR DIFFERENCE BETWEEN P&L A/c and income & expenditure a/c. in p&l a/c we take jv' s or not. in p&l a/c Exp & profits really occured or estimation.