Hello everybody,
I have prepared a balance sheet after putting in all the necessary purchase, sale, payment, receipts entry into the system. I have also created stock item with purchase and sale value, and after putting in all the entries correctly, I got a "Difference in opening balance" showing it on the liabilities side of my Balance sheet. Can anyone tell me, how to rectify it? and how it is caused? One solution given to me was increasing the capital account opening balance by the amount shown as difference in opening balance.

Is there any loop hole or mistake in AS 19???? That the institute is planning to revise this AS in future???

Closing stock is real account then why it is coming in trading account ????

Whether Revenue can be Recognised without raising invoice?

what one accontant shold do to trace prepaid(online payment) transactions in case of company like flipcart. how can we trace with sale invoices. neither we can trace from bank statement properly as trasactions are large. what measures a accontant shold do & and what necessayr helps he shold take from other departments like marketing.

transaction is telephone wire purchased 1160 vat14% 163 - total 1323 from balwant store

Which is the correct entry for the entity. If the entity is in the goods sell category and avails inputvat.

1 office R & M 1160 input vat 163 TO Balwant store 1323

2 office R & M 1323 TO Balwant store 1323

Sir I want to know that if we purchase Windows 8 to upgrade older version than it should be capitalise...???? Or it will be revenue expenditure as it is replacement of item.??? plz clarify me on this.

Dear Experts,
My Co is into the business of FMCG and supplying our products to various departmental stores in India. We employ many temporary staff as promoters at the stores to promote our products. These staff works for 5- 6 months only. Please suggest how to deal with their salary/ amount we paid them from the Point of view of taxation.
PLEASE SUGGEST IT IS VERY URGENT.
Thanks

plz tell me how to study sbjcts with smart work! I'm a person who does a lot of hard work... but I need smart work too!! p.s. im doing self study for all subjects .

Is the rate of depreciation calculated on old assets in the financial year 2014-15, will be continue till the remaining life of asset?