Helo Friends,

My one client is partner in different firms he wants to transfer his capital from one firm to another firm without banking transaction. The entry through journal voucher can be treated as a valid entry according to accounting standard or not.

Please give your valuable comments!!!

Dear Experts,

Please guide me, we have a commerical Building in books after some time we repaire to building Rs. XYZ,

amount should be add in building or claim in expenses

where to post directors food expenses incurred out of india which are not reimbursed?

A PERSON PURCHASED A CERTAIN FURNITURE FROM HIS POCKET AND THEN AFTERWARDS HIS EMPLOYER REIMBURSE THE WHOLE EXPENDED AMOUNT TO HIM?

1. FURTHER THE EMPLOYER TAKES THE BENEFIT OF DEPRECIATION ON THAT ASSETS.
2. AFTER THE VALUE GET FULLY EXHAUSTED THE EMPLOYER PURCHASES THAT ASSETS FROM THE PERSON ON NOMINAL SCRAP VALUE.

MY CONFUSION ARE THAT :

1. WILL SUCH TRANSACTION IS POSSIBLE.
2. IF POSSIBLE- IN WHOSE BOOK THE ASSETS WILL BE ENTERED.

WITH REGARDS

WE HAVE PURCHASED SOME PAINT AND USED THAT PAINT IN BODY SHOP IN CAR REPAIRING . SO HOW WE WILL DO THIER PURCHASE ENTRY AS CONSUMABLE AND AFTER THAT HOW TO ADJUST IN BOOKS OF A/C AT END OF YEAR

A co. has to receive rent for the month of march of Rs.20000 out of which Rs.2000 will be deducted by tenant and 18000 would be received.

how to book receivable entry of this in the month of march. The concerned person has booked as:-

Rent receivable Dr...............20000
To rent received.......................20000

is it right????????

what is the treatment of redemption of mutual funds or where should i show the amount received from redemption of mutual funds.

Recently we take project from company X and at the time of payment made by company X he deduct TDS from bill but how this entry made our ledger tally

Hai,

we are now entering central excise, (manufacturing unit), we billed as follow

assessable value - 100
excise duty - 12.5
total - 112.5
vat@5% - 5.625
nett total - 118.125

in this we calculate the amount for sales tax return (assessablve vale + excise), but at the time of posting in tally - it takes only assessable value only - kindly advice me in this regards

waiting for your reply

if advance given to supplier now i need to w/ff that amount what entry i need to pass ?