seema singla
26 March 2010 at 11:12

Accounting entry of sales quantity

We purchase materials in boxes consisting of 100 units. Then we sell them in boxes as well as in units.
My problem is regarding entry of sales quantiity when we sell materials in units. We have Tally ERP 9 software. When we enter a sale of 10 units, it shows a sale of 10 boxes. Can anybody tell me what is to be done to record the sale in units as well as in boxes.
Please ans. as it is very urgent.
Thanx


Madhukarbhansali
26 March 2010 at 00:11

stock valuation

Hello Everyone,
i m in a retail business and we are processing cumin seed. now what happen is we get diff. grades as FG with diff Mkt value. for eg. Grade 1 - 135 rs Grade 2 - 125 rs.

problems is we are not selling grade 1 at the moment it is in our stock. as per normal method we are valuating it on cost but now in year end prob. is my books is showing loss bec i have huge grade 1 stock and other grades which we have sold their sales price is below cost.

now can anyone let me know how can i do the valution on grade basis so i can get correct valuation



Anonymous
25 March 2010 at 17:28

Revenue recognition

Lease rent relates with last year we received in this current year so in accounts how can we treat is there is any standard rules that previous years income we cant recongnise in this year or there is no such accounting rules.


lakshmiswetha
25 March 2010 at 16:26

accounts

can i have any site for tally freedownload



Anonymous
25 March 2010 at 15:14

IFRS Applicability

Applicability of IFRS in india?


seema singla

An assessee purchases materials interstate. He keeps inventory in Tally ERP 9. All the materials are recorded in Tally as per the individual items's cost. I want to know what about CST charged. How it will be entered in Tally if inventroy is maintained.
e.f. A Purchases goods interstate:
M-1 Rs. 2000
M-2 Rs. 2000
CST Rs. 80

M-1 and M-3 will be recorded at Rs. 2000/- each. Then How will the entry of rs. 80 will be passed?
Please Ans.
Thanx



Anonymous
25 March 2010 at 13:44

compilation

i have a client who is a accountant and having about 150 client in his name. he produce before me trial balance of each of clients and cirtified by that client also. on the bases of which i prepare financial statements i.e. profit and loss accounts and trial balance. so after preparing it, i write a comment below p/l and balance sheet that "just compile and prepare financial statements as per trial balance produce and certified by propritor" and then sign it for compilation. so i want to ask you that is there any special or genral reposposibility of mine for signing and preparing finacial statements.


Girish S Khanvilkar
25 March 2010 at 12:22

Fundametal Accounting CPT

How to calulate of Interest Drawing

In CPT Course Material Explain
Begining of the Drawing is calculate at 6.5month
& end of month calculate 5.5

please explain above matter

Regards
Girish


Sim Parekh

Dear Expert,
Pleass guide
I have a transaction wherein i charged commission to a Party X with service tax.
Party A/C ...Dr 179238
To Commission ....cr 162500
To Service Tax ...cr 16738

Amount received from party

Bank Dr. 161314
TDS dr 17924
To Party A/C 179238

I have been asked to pay him only the amount which he had pay i.e. 161314/- the TDS will be paid to him only when we receive credit
What amount of credit note should i issue & what should be the entry

Please please please guide......
Thanks & Regards
Sim







Anonymous
24 March 2010 at 22:23

VAT

SUPPOSE OUTPUT TAX 3000
& INPUT TAX 1500. IN THIS CASE SIR VAT PAYABLE.

OUTPUT VAT A/C DR. 3000
TO INPUT VAT 1500
TO vAT PAYABLE 1500
SIR IS THIS ENTRY IS CORRECT. IF WRONG THAN SIR PLZ RIGHT ENTRY TELL ME.THANKS IN ADVANCE.






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