Sandeep Ladha
26 May 2011 at 14:05

Foreign Currency valuation

In a private Ltd. there is foreign currency balance as on 31/3/2011.

US$-600

HK$-455

Euro-755

What is the accounting treatement.?

Also is that like cash balance, so in tally new _______account have to create?

Also is there Link to find out the value on 31/3/2011. i search in google but didnt get the result.

Is there any FEMA regualation have to follow.?





Thanks in Advance.


Saurav
26 May 2011 at 13:15

Entry

Dear All,

What will be the journal entry for warrenty extention of the computer. The warrenty period is from June2010 to May 2011.

What will be the journal entry for the financial year 2010-11 and 2011-12



Anonymous
25 May 2011 at 20:55

Accounts

what is red inkinterst


CA Abhishek Singh

one of our client started a pvt ltd company having share capital rs.100,000/-. date of incorporation 01/06/2010.

1. before this date he had paid for office furniture rs.100,000/-, laptop rs.50000/-, shop deposit Rs.100000/-.

2. on 01/08/2010 he deposited rs.100000/- from his personal account into company bank account.


what entry should be passed for these transaction.


Vijay Parmar


one person having income from Sale of comodity i.e guwar, chana etc and also sub broker (he is not actual purchase guwar item physically and not sale physcially.) he does it online...


also we mention op.stock and cl.stock of each item.

how can i make notes about revenue recogination in notes in a/c



Anonymous
25 May 2011 at 16:00

Short Cut Keys of Tally ERP 9

Dear Sir,

Kindly mail me ERP 9 short cut keys

Regards

Avinash bhavsar

bhavsar.avinash@ukayindustries.net


subramanyam kancharala
25 May 2011 at 15:13

security deposit receved

Hi all

We have customer from we received security deposit received 180000 after expiry the agreement we have to refund the security deposit but last month we didnt received rent from our customers so he said plz aadusted the security deposit in last month rent.

how to make the enter the entries in tally

thanks & regards,

subrmanayam


CA Tushar Gupta
25 May 2011 at 14:21

AS-9 REVENUE RECOGNITION

A TOUR &TRAVEL CO. WHICH ENGAGE IN BOOKING OF TICKETS & EARN SERVICE CHARGES THEEOF CAN BOOK INCOME ON TICKETS WHICH BOOKED IN MARCH-11 FOR MAKING TRAVEL IN APRIL & MAY-11.
i.e. bill date is of march-11 but travel date is of Apr & may-11



Anonymous

Please give me reply i worked in a construction company and want to know how can i maintain sitewise accouting. & get a site wise balance sheet & P& L. i worked in tally 7.2. its possible or not please give me the reply asap.I don't wan't to create site wise company bcoz its not possible in our company.


ABHISHEK CHATURVEDI
25 May 2011 at 12:53

Real estate

Please give some light,
There is a real estate company,it incurrs cost on construction of buildings.How to record the direct cost like materials and all incurred specifically on a particular project? They are recorded as direct expenses or as WIP?






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