I want make entries in tally erp9 for sales and purchase. but my purchase of item is in sheets, kgs form while sales of products in pcs form. how I convert purchase quantity of various items into item of sale into one item in tally.

Our society paid Rs.10590/- under sec 234 E. I have created a Ledger " Fine & Penalty" under Current liability. and paid by cash. On BS it is showing debit balance is there any error in my entry. Kindly reply how to enter the same in tally.

can any one tell me what should be the accounting treatment of Library book. in educational institutions books of accounts

An organization has enacashed a bank guarantee which was furnished by a contractor in lieu of security deposit. Encashment of BG was done as a penal measure due to non-compliance of terms & conditions of contract. How should the organization account for the proceeds disbursed by the bank on account of encashment.

Dear sir/ma'am Please help me about the sales invoice n its process step by step plz it's urgent for my career plzz help. Thanks

sir,,, What is the relationship between Expenditure Variance, Efficiency Variance and Capacity Variance???

Purchase value of fixed asset was Rs.70000000.
Accumulated depreciation on fixed asset is Rs.60000000.
Value of sale of fixed asset is Rs.10500000.
My question is whether the profit of Rs. 500000 is treated as income in profit and loss statement or taken it as income in profit and loss statement and then equal amount of above profit transfer to capital reserve from Profit and loss account.

Dear All,
Suppose a company manufactured a machine and delivered it to its buyer by truck on 31-3-16 and it reached to buyer as on 15-4-16.As per the instruction of buyer the said machine to be delivered at the door of the buyer.
My question is whether as per AS-9 can the seller book it as a sale or not in its books of accounts.

Another question is if a machine is kept ready by the buyer but due to road problem the said machine was not delivered to the buyer.Can the company book it as a revenue or not.

Please answer it with proper supporting.

Thanking You

Dear Expert,
As we working as Power trading Company, we have purchase a solar power plant with installation to other client. Purchase invoice as below mention component.
SOLAR AMT. =5000000/-
S.TAX 14.5% =725000/-
TOTAL =5725000/-

Here question is that entry what would be either 1 or 2 :

1. Solar plant (as fixed assest) Dr. 5725000/-
Party Cr. 5725000/-

2. Solar Plant (as fixed assest) Dr. 5000000/-
Cenvat Credit(14%) Dr 700000/-
Swach Bharat Cess (0.5%) Dr 25000/-
Party Cr. 5725000/-

If any other please comment and suggestion, Awaiting valuable reply

Thank you

What is relevant date for payment of TDS to Govt. is it the Invoice date or payment date? Actually supplier has send their invoice in may'16 and it was accounted on june'16 and TDS deduction date is june'16.So the payment of TDS should be made within 07.07.2016. Is the right process? Can any one share me any link for that.