Purchase of machinery and sale of machinery.
AND
Profit on sale of machinery and loss on sale of machinery, in manufacturing concern,
what is journal entry for this?

Please explain me with example by taking assumption Value and
where to take in tally in Journal(F7) Or Where

what is capitalization in finalization process?

Does AS-28 "Impairment of Assests" applicable on LAND ?

What is Core Account?
give the detail information regarding this

what is ER-1ER-2 ER-3 ER-4 ER-5 ER-6 ER-7

We the service providing Pvt. Ltd Company we start service in the month of march 2015, after 30 days we issue invoice & book income in the month of april 2015 & service tax deposited in the month of May 2015. But the party booked expenses & tds deducted, shows in 26AS in the month of march 2015. In that case what will we do the accounting & tds entry in the month of march 2015.

Dear sir
kindly help about following matter---
If i booked expenses which is estimated basis (because as on date i don't know how it will actual) as on 31-03-2015 as
example
31.3.15 Expenses dr 100000
to out expenses 98000
to TDs provision 2000
(Being Expenses outstanding as on 31.3.2015 and TDS deducted @2 % ..)

So my question is what is the entry of next year ( i.e from 01.04.2015) if --
i)Party actual Expenses excess i.e Rs.120000 as on the date of 31.03.2015
ii)Party actual Expenses short i.e Rs 80000 as on the date of 31.03.2015

ABC & Co. raised a reimbursement invoice of Rs 1,20,000 for Airfare to DEF & Co(Customer) . As per Agreed terms in Agreement which is flat payable of Rs 1,20,000. Now ABC & Co. has actual spent of Rs 80,000 for Airfare , Balance Rs. 40,000 is received extra.

QUERY Is :-

1) In Books Rs 40,000 should take under revenue ?

2)is Rs 40,000 is a taxable income ?

Kindly confirm!

dear sir/ madam , If a chief promoter (builder) settles the account of the members in a coop scty by depositing the balance amt in a bank which was taken from members ,under what ledger the chief promoters account be created in tally? thanks.

Respected Sir

I want to know that is it compulsory to revalued our foreign debtors as on 31st march?

If yes than on which rate??

Whether AS-11 is applicable to pvt ltd and partnership firm also or not.

Whether there is any exemption available to any entity or not ?