Dear All,
A proprietor having 2 businesses. But the accounts are maintained only for business and does not include personal commission business. Is it proper? Does he need to have combined balancesheet for both the businesses or he needs to maintain 2 searate balancesheets?

i have logged onto SBI online and one try to download statement of FDR redeemed. I searched Account SUmmary section and Account statement section but this FDR was not there in the list.
I informed my senior to please try once and he gave me the print out.
In the print My Accounts>Accounts Summary link is written.
I again tried but unable to find out.
Don't know how did he do it?

Why is it that Bad debts recovered,interest on investments and Loss on sale of investments are recorded in the pre incorporation period?

Dear Sir,

In our business we have one car, which is purchased in the financial year 2015-16. But that time our people has forgotten to recognize the car in the business. Now we found that car recognition in the books is not made. now we want to recognize that car. how can we recognize that.
Note: Car was registered on our company name.

Thanks In advance
Suresh.M

During AY 16-17 purchased worth of 450000 were not accounted as accountant misplaced the waybills , we filed the returns for AY 16-17 and 17-18, Now During the renovation those unaccounted waybills were found? Now what should we do ? revised returns ? or can we just add to the present closing stock and show it under a separate head in trading account ? we are in wood business so difficult to find that in that AY
thanks
Sundeep

In GST we can surplus tax of fixed assets. How to entry in tally erp 9 ? - in journal or purchase I already enter purchase tally , no show in b/s fixed assets if in journal , no consider tax in 3B.

ESI Deduct on Basic Pay + DA OR Gross Salary
Example
Basic Pay 11000
DA Rs 3000
HRA RS 2000
Answer - PF@12% of (11000+3000= 1680 /-
& ESI @1.75% of (11000+3000+2000) = 280 /-

This example is correct or not

Please guide me.
Thanks

Sir My co. Got a new govt. Contract & made a performance Bank guarantee of 488000₹+ (bank charges extra) against a FD amount 500000 ₹. I wanted to know how to make all entries in tally accounting & under which accounting head I create accounts.

Sir,
In a construction company if 2 or three project works is going on,which ACCOUNTING PROCEDURE is suitable?
I think If I do cost center vise...its OK...But my friend ,he is also accountant saying that site vise passing the entries is good.If I follow that system I think we should pass double entries in head office books as well as in site books for every transaction.
if we choose cost center vise system we can easily book all entries in HO books by maintaining cost center vise.
I hope any experts will suggest in this above subject little broadly.
Thanks

Dear Sir,
I have some confusion in classification of few items :-
1) Quick heal antivirus purchased for 3 years , whether to classified as "software under Asset" or "Printing & Stationery under expense".
2) Hard disk purchased for computer to be classified as "computer under Asset " or "Priting & stationery under expense"

Pls guide