Dear Sir,
please solve my query,
We have to change our accounting software, i.e. Tally to Busy , after finalizing the accounts, I have put closing balance from our audited B.Sheet in software, but can I put the bank balance from Balance sheet,or I should put the same from Bank Statment.(31.03.2015). because if I put from Balance sheet then some entry to be receonsiled in next financila year,

how to calculate deprecation on existing fixed assets through new company act schedule Ii

Hello dears,

Thank you all for your valued time.

How to account during the current year for the below situation.Kindly please find me Journal entries too.
(how to account such huge liability in current year)

Situation;
1.Lease rent not paid or accounted last ten years, sum of Rs. 3,000,000
2. we owed to government and they send a notice, thus we came to know this liability.

Thank you

Will Printer will be considered as an office equipment or as an end user device ?

dear all , I hear about TDs on transportation in f.y.2015-16 pls tell about it in detail

If we are transferring money from one account and bank charges is deducted by bank with the transferred money how contra entry will be done? Is the following journal is right


A/c No.4751......................Dr 10000
Bank charges......................Dr 5
To A/c no.6541 10005

If one co.has paid up capital more than Rs.50 lakh but doesnt have any loan outstanding and turnover too is less than Rs.5 crores even then CARO 2015 would apply??????

In other words now all of the 3 conditions simultaneously to be present for applicability of CARO 15??????

If a payment is done in advance in foreignt curency for supply of material, but material is not yet received neither inovoice booked till 31th March 2015.(Only payment done)
Is it compulsory to consider loss or profit due to fluctuation in FOREX till 31th March?
Kindly guide me!

Dear Friends / Experts,

Please guide me on the following, IF POSSIBLE:

Query on Tally Ledger Creation for ST @ 14%.


Can someone please explain me steps to create Ledger for ST @ 14% (Auto Calculation, while creating Bills in Tally Version 9?)?

Note in Service Tax Details Screen: Service Tax @ 14% should appear automatic and Cess, SHEC should not appear or it may have 0%.


Your reply, please..............


Thanks in advance for possible replies from all concerned.

I paid to a party a cheque on 30.03.2015. The party cleared the cheque on 04.04.2015
While making journal entry what date will i consider is that when i paid the cheque dated 30.03.2015 or when it get cleared on 04.04.2015