i explain. i sale 30000 of goods. and send the bill to party. After 30 days i received the amount of 28000 that mean 2000 is discount. remember - i am not discount in sale voucher bcz bill already send to party that amount is 30000. than how to entry in accounting software. thanks in advance :)

i explain. i sale to customer (A) 30000 than customer aend me payment 30000 than broker charge me 3% of receipt that amount of Rs.900. so how to entry. payment or journal? bcz brokerage is indirect expenses. and i also want to know what is the head of broker master. in accounting software. thanks in advance :)

Dear Experts,

our association has newly opened new branch in mumbai. and they are paying expenses from head office bank account future expense will be done by head office bank account only. . my query is that how I do the accounting for branch since we do not have separate bank accounts for branch.
shall i do by activating cost center and cost category in tally.

My father purchased plot for rs 151000 in 2004, registry of which completed in 2011 and stamp duty paid rs 49000. He is still Carrying amount of rs 151000 as advance paid for plot. what should be the correct treatment?

We are going to Upload TDs return for this quarter today.we have not yet paid Tds for Dec month,which we are going to pay in Jan last dates.in payment date column what should I mention as we have not paid TDS for Dec?

Hello Sir,

We had already make TDS return for Q1 & Q2 F.Y. 2016-2017.
Now in month of October we found some invoices for same Q1 & Q2 F.Y. 2016-17. We deduct TDS and make payment with interest. But in Q1 we by mistakenly deposit excess TDS U/S 194C.

We want to know that, can we carry foreword that excess Deposited TDS in Q4 F.Y. 2016-17.????

We already deposited Q3. TDS F.Y. 2016-17.

Hi,
We make payment for the co expenses from the personal credit card in the name of the proprietor. Also we make the deposit in the personal credit card from the co. bank account. How to make accounting entries for the same in Tally.

Dear Sir ,
We are involved inter-state sale of goods . A consignment to us met with an accident in transit few days ago and we had to suffer loss of whole consignment . can you pls guide me how to pass the accounting effect ?

My entry

Party Rs.206000/-
To Sales Rs.200000/-
To CST@2% Rs. 6000/-

scenario: accrued income accounted in last financial year. invoiced in current financial year and cash receipt also in current financial year. income recognized in last year because it rendered last year. the entries passed are 31st last year accrued income to income this year invoicing party ac Dr to income Bank ac Dr to party Iam planning to reverse the entry made last year to correct the financial statement, by reversal income become zero and accrued income in BS aslo become zero. is this accounting treatment is right is there any alternative treatment with out reversal

Dear Sir/Madam kindly advise me where we have accounted of fan purchase under fixed assets. many thanks in advance