Dear Sir
any cash limit of cash on hand in individual business.for example cash in balance sheet 3100000 in business.

placed an order to M/s woodland of Rs.50000
for purchase a cupboard for office use & paid Rs.5000 against order.
pls ans how to pass this entry in tally.

A Has Reported a profit of 125000 at the end of financial year considering,Cost Of An Asset 25000 taken as expense,A Is Anticipating Profit 10000 on future sale shown as asset,salary 700 payable in the financial year not taken into account,A Purchased an asset for 75000 but it fair value on the date of purchase was 85000.A recorded the value of asset in his books by 85000. What is the correct amount of profit?

Sir,
Please clear my doubt, that The Indian Accounting Standards issued by MCA on 16.02.2015 are applicable from 01.04.2015.

Sir, if these are applicable what abount the accounting standards issued by the CA Institute.

If the companies has to follow both the accounting standards or only new one i.e. MCA Issued one

We paid the Old Due balance to BSNL for past 3 years(Telephone, Internet bills) in single Settlement.What is the entry for it.

My company purchased a machinery of Rs. 5700,000/- and received a another machine free of Rs. 52320/- we paid only 5600,000 rs. in full settlement

Now my questions are
1. how will I treat Rs. 100,000 less payment.
2. What will be accounting treatment of Machinery received free of cost.
3 Can we take ITC (VAT) which is mentioned in bill of Machinery which was received free of cost.
4. Can we take Dep. as per income tax act on machinery which was received free of cost.

Dear Members

I need a guidance wrt to how to handle if a company follows IT Depreciation upto 31/03/2014, and want to convert to companies act 2013 sch II DEPRN. MY QUERIES
1) HOW TO HANDLE THE ABOVE SITUATON
2) CAN COMPANY CAN CHARGE DEPRN AS PER IT RULES, IF COMPANY FOLLOWS IT DEPRN, THEY ARE ELIGIBLE TO PAY DIVIDEND
3) HOW TO DISCLOSE IN AUDIT REPORT

FOR THE KIND INFO. THE COMPANY IS PVT LTD AND TURNOVER LESS THAN 30 CRORES

Hi, I want to know that when we recorded the credit card statements in tally, we recorded the credit card under the head of current liability ... so i why credit card is recorded under the head of current liability not under the head of bank ???? kindly reply...

what is value addition after completing certification in IFRS in my CA career? It will explore global opportunities for me..??

I registered for CA under direct entry scheme and I will complete ITT and Orientation in the month October 10th 2015 ........ Can I register for Articleship on 11th October 2015 or if I want to wait till the ICAI issue ITT certificate?? Please Suggest me.....