If one makes a sale of 100 bags of a commodity and dispatch it to buyer in 3 different trucks with different quantity suppose 30 bags, 45 bags and 25 bags, then how can he make a sales invoice in tally in which he is required to enter truck wise details of item dispatched.

In a partnership firm a new partner joined without bringing anything as capital or goodwill,but he got 1/3 share.i want to know whether he is entitled to share the profits of the firm at the end of the year.

Hi Friends,

When accounting in Tally, total Vat Payable is 2022.72, but due to rounding the actual VAT paid was 2025. Now when entering the entry in Tally,

VAT PAYABLE A/C DR 2025
Bank A/c 2025,

the VAT Payable A/c shows a debit balance of 2.28... Now what entry should I pass to close this 2.28 rounded amount?

Also VAT Paid can be shown as expense in Profit & Loss account?

Can someone please help me to know what is a 'mirror account'? What does it simply means and when is it used..
Thanks for your help.

Is accounting standards are applicable to individual and partnership firm. If yes kindly provide the specific information that where it is written?

can we go for diploma in IFRS

Please clarify whether these are real a/c or nominal a/c/? Different authors have different views.

I have purchased Tally Software of Rs 13500 in a company. Whether it will fixed assets or indirect exp. If Fixed assets then what will be the Dep rate.

Dear Experts
We were having a Fixed Deposite with SBI of amount Rs. 650000 in Sep.2008. The FD matured in Aug 2009 and bank released the amount 689256 after deducting the TDS. we supposed the amount 689256-650000 = 39256 as the int on FDR. But now the bank issued us the TDS certificate showing the details as follows

int on FDR= 13738
TDS = 1374
Cess 42
total taz deducted =1416
Now what should we do?

Sir i want 2 know the treatment n how to present following facts. 1. We have purchased some assets in earlier years n paying less to the party therefore should we credit to fixed or to balance written back.
2. Sales return of part years to be show reparetly or deducted from that specific items and same in case of purchase returns