I am working in a proprietorship firm, who has 2 distributorship in the name of 2 different firms, we maintain separate books of A/c for both firms. But in case of Income Tax, Sales Tax, CST even for all tax, we pay all tax by filling a single form for all tax where we clear mention the name of both firms with their different registered office address. We have also one CST and VAT no. for both firms. Now, I want to know how I will treat entry for VAT payment because payment is made from any one bank A/c of both firms. Please suggest me how I passed entry in the books of A/c in both firms.

can anyone tell why we do cash entry in journal mode(f7)

DEAR EXPERTS, PLEASE TELL ME WHOM OF BELOW MENTONED POINT IS CORRECT.

Q:-WHICH OF THESE EQUATION IS CORRECT?

(A) INCOME =REVENUE +GAINS-EXPENSE- LOSS
(B) REVENUE =PROFIT- LOSS
(C) GAIN =REVENUE -EXPENSE
(A) LOSS =EXPENSE - REVENUE

THX IN ADVANCE

GOOD MORNING SIR,
GOOD MORNING SIR,
can anyone expert tell me that in my tally erp.9 gateway of tally manu my inventory voucher are not show. i think that it is disable . can anyone tell me how can i enable inventory voucher in gateway of tally.
thanks
regards

GOOD MORNING SIR,
PLZ TELL ME WHEN I DO PURCHASE ENTRY IN TALLY. THAN SIR WHEN I PRINT THIS PAPER IN INVOICE FORMAT THAN SIR AUTHORISED SIGNATORY SIDE IT SHOW PARTY NAME WHOSE WE GOODS PURCHASE .NOW SIR PLZ TELL ME THERE ARE ANY FUNCTION IN TALLY ERP.9 THAT AUTHORISED SIGNATORY SIDE SHOW OUR NAME NOT PARTY NAME FOR HELP

Dear Experts,
There is a P&L balance in Trial balance itself. First i did not gave effect to the p&l balance in the financial statements. Then the balance sheet did not tallied (In other words P&L balance existed in the T.B. and the difference between liabilities and assets side of the balance sheet was same.)Therefore i credited the P&L balance in Trial balance in the current account of the partners, the balance sheet got tallied.
My doubt is the way i tallied is right?
With regards,
Rajesh.

Hi,

As per my knowledge AS 30,31 and 32 is the replacement of AS 13.As per ealier proposal of ICAI..it is effctive from 1st April 2011..

But now AS 30,31 and 32 is effective from 1st july 201o.

Is AS 13 is abolished effective from 1st july 2010?

Please confirm its urgent..

Thanks,
Anil

Dear Experts,
Is it possible to add the bank guarantee in the cost of Fixed Assets?
As far as i know since it does not involve any cash outflow it cannot be added.
Pls. guide me whether i am right or not...
Thanks,
With regards,
Rajesh.

CAN ANY ONE SUGGEST ME HOW TO MAKE ENTRY IN BELOW SITUATION..?
ITS VERY URGENT TO FILE I.T. RETURN....
Q. TDS DEDUCTOR GIVE F-16A TO MY CLIENT, &
BESIDES REGULAR ENTRIES DURING WHOLE YEAR
IN LAST ON 31.3.2010 HE MAKE ENTRY OF PROVISIONAL COMMISSION & DEDUCT TDS
BUT DO NOT GIVE CREDIT IN MY CLIENT'S REGULAR ACCOUNT STATEMENT.
TDS DEDUCTOR MAKE ANOTHER PROVISION ACCOUNT BY MY CLIENTS NAME & GIVE CREDIT TO THIS ACCOUNT STATEMENT.
ALSO, HE GIVE CREDIT IN MY CLIENT'S REGULAR ACCOUNT IN NEXT YEAR....
PLEASE... TELL ME HOW...CAN I CLAIM FOR TDS DEDUCTED & HOW CAN I PASS JOURNAL ENTRY IN MY CLIENT'S ACCOUNT..

Sir,
I Have done Audit of Pvt Ltd Company Where Mat Provisions applied.
My Ques is that, since the 15% Rate applied on Book Profit, then Whether Deffered tax Liabilty Created By 30% or 15%.