I have one doubt regarding Indirect method of preparing cashflow statementIn cashflow statement whenever in additional information it given as net profit for the year endedxx is ₹xx after providing depreciation we used to add back depreciation only while doing adjustments for non cash and non operating items for eg ques 7 of practice manual of Acc pg no: 2.33Now as per question no 10 of practice manual of Fm they have added profit by sale of fixed asset as well -ques no 10 pg no 3.67My doubt is if we are giving effect of non operating items such as profit / sale then why no treatment for other operating items for eg dividend payable given Is there printing error in solutions?

Dear sir
Credit card payment account comes under which group in tally
Exmple:
If we have 3 bank account and 2 bank account using only purpose of credit card payment and another account using payment through check like etc. If we want transfer or deposit money to credit card account what is the ledger we can create and under which account and how to handling entries in tally

We can create ledger under separate bank account under overdraft account or under unsecured loan or current liabilities
Please comment postive reply
Thank you
Best regards

Dear sir
Please advise whether tds applicable on telephone expenses or not??

Thanks
Virender

How to entry pass when interest accrued & TDS has been deducted in previous year and interest received in current year.

HiA and B both registered in Maharashtra....where A who is in to hiring of equipment gives it to B on hire but the place of hiring is in Karnataka...so wat will A charge in his invoices- Cgst and sgst or IgstPlease guide me

transport of passengers Gst rate is 5 , ITC is not available... in this case both services provider and recipient both not getting ITC or service recivepent can get ITC?

Sir,
How we will account Partners salary in tally....under which head? which ledger or groups are require for it....please guide me

Hi all
It has come to know that Maximum cash transaction Per day Rs 10,000/- its ok, but fact is that Maximum Rs 5000/- i can pay if payee is not issued any bill or non-Taxable bill, is it true,,, if payee is issued taxable bill then i can pay Rs 10000/- is it true??? what should be about bank payment????
Need Your opinion.
Sanjoy Sardar
Accountant

Dear Sir,

Our Co. bought a New Machinery in Parts and its Assemble and Install at Factory. A bought a parts on different date. Please Suggest to how to its record in the books because if we record as in parts then inventory and Fixed assets both will creates and it show in balance sheet as current assets. And also please suggest treatment of tax liability.

is composition dealer liable to file gstr 3b ?