Our Society is registered under the Travancore Cochin Literary, Scientific & Charitable societies Regn. Act. I want to know I can put provision entry in Tally on month end for expenses ? Pls. reply

Sir,
We have purchase Machines, Furniture, Generator for our new plant in F.Y. 2015-16 and production has start in Sept'2015.

Please tell me that what percentage of Depreciation will be charged for our First F.Y. for following items, as per COMPANIES ACT:

1. Building
2. Plant & Machinery
3. Furniture
4. Generator
5. Office Equipment
6. Electric Applainces
7. Scooter & Bike

Waiting for reply.

Hi All
We purchased 1438/- value of goods as samples(for demonstration) and paid 600/- as custom duty for the carriage
How should i treat this samples and custom duty in my books ?
Please give details and heads of expenses ?

Regards,

I gave

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What are the treatment of Discount given, Loss in Transit of goods, Expired goods written off, Debit balance of parties written off in cash flow statement ?
are all those non cash items or not?

Give reply as soon as. Thanks in advance

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EXAMPLE
FURNITURE & FIXTURES

DATE OF PURCHASE
21.02.2004 AMT: 6580.00 DEPRECIATION RATE FROM BEGINING @18.10% AND USEFULL LIFE 10 YEARS