Is the debit note amount added to purchases to arrive at total purchases for a period? why?

Are debit notes & credit notes issued simultaneously i.e. if A has to take 1000 rs from B, he will issue a debit note to B. Will B also issue a credit note to A to complete the transaction?

then what will be the parallel entry in B a/c

Hello to all,
I want to know about the accounting for the Tax collected at source.
the person collected Tax at source and deposited that with the Govt. so what would be the accounting entry for that.

What is the purpose of keeping undisclosed reserve by banking company? How it is created? Is it legally allowed as it is not True & Fair picture of Financial Statement.What is the second effect of Undisclosed reserves.

WE REQUIRE A COMPREHENSIVE FORMAT PREFERABLY IN EXCEL FOR:

1)FUND FLOW STATEMENT
2) CASH FLOW STATEMENT
3) CMA DATA
WHAT ARE THE RATIOS PERTAINING TO BANK FINANCE.

REGARDS

NARESH KOTHARI

WE REQUIRE A COMPREHENSIVE FORMAT PREFERABLY IN EXCEL FOR:

1)FUND FLOW STATEMENT
2) CASH FLOW STATEMENT
3) CMA DATA
WHAT ARE THE RATIOS PERTAINING TO BANK FINANCE.

REGARDS

NARESH KOTHARI

can we provide depriciaton on asset which is purchased long back(i.e say 2 or 3 years back)?

if, yes. with out using asset and with out getting any revenue from that machine how can we? (matching principle)

if,no. even though the asset not used in business, because of technology absolescence it will loose its value. then what is solution for it?

Dear Expert,
Pl inform, how can we determine the basic salary?
What is the percentage of DA, HRA & PF?

Thanks for your cooperation.

I have got my own software. Anybody know any other software, this is to compare mine with others which is more comfortable. I have got all the modules sales,purchase,receipt & payment. Wheteher anybody has really using it in day to day accounting? How is the feedback, limitation .

is profit an asset or liability?