Hi

We had open new firm from two Pvt Ltd companies.

my quires is i had open new bank ac with deposit 10 k, hence when i create bank ac in tally with putting 10k in opening balance, but when i checking trail balance there is shows diff in opening balance from same amount.
how i can tally this diff or what are the entries pass in tally when we create new companies

Kindly suggest it urgent.

Thanks

I want to know who can deduct tds ?

I have cleared my accounts group 1 paper in November 14 attempt Ipcc !! I scored 61 !! But my doubt is how much do I have to score in group 2 in the May 15 attempt? Please reply...

A company sends its cars to dealers on sale or return basis.All such transactions are however treated like actual sales and are passed through the sales day book. just before the end of the year two cars which had cost Rs 55000 each have been sent on sales or return and have been debited to customers at Rs 75000 each, cost of goods lying with the customers will be? a) 110000 b)55000 c) 75000 d) None

Dear experts My client has a TDS u/s194IA of Rs 58000 complusory land acquistion ,I have filed ITR by getting back refund amount and anyhow CPC issued Cheque of refund order but my client has passed away (died) the Income tax department is asking for signature for confirmation although he is a finger print How to approach ITD to reissue fresh Cheque of refund order

what accounting head should I assign for temporary staff recruitment in peak season months. Moreover is there any statutory liability for recruiting staff for temporary period

Dear All,

My query is regarding the accounting of entry tax.
1) The client is booking the entry tax as expense under Repair & Maintainence and not under the cost for the product purchased. Is the accounting treatment correct or whether there should be any separate head for entry tax ?

2) Whether entry tax will be booked on purchase basis or consumption basis ?

Kindly clarify.

I Purchase a Car Rs 1238327 ,including vat
Registration fee Rs 4300 insuarance fee 36578
Road Tax 154791

We have car loan Rs. 1050000 and cash paid Rs 384176
Dear sir how to i paased the entry in tally and kindly describe which are all the accounts need to create under which heads in tally.
( Car purchase for business purpose )
Plz reply me soon.

If our purchase vat is more than sales vat then how to make entry in tally if our sales tax payable negative.

try to solve it sirs
i spent 1000 rs for fooding during travelling then can i saw it under employees welfare expenses because during the office time ,the food and snacks expenses done at office i made entry in employees welfare a/c.....