how to make in tally
when advance given to staff for travelling exp.
Then pass (f5) payment mode
Ajay A/c Dr 5000
To cash 5000

on receipt of bill of Rs 4000 and cash Rs 1000
then what we can pass (receipt f6)
travelling exp. 4000
cash a/c dr 1000
To ajay A/c
if ajay give rs 7000 bill then what we can pass through (f5 paymen)
travelling exp. 7000
To Ajay 5000
To cash
just i want to know (payment mode and receipt mode is correct)

what is consolidated price of fixed assets

an assessee firm has lost its stock and machinery ( both is uninsured)during the year. THe machinery is purchased in same year. total loss declared is Rs.15.00 lacs please tell accounting treatments and reporting in Tax audit report

Read more at: https://www.caclubindia.com/experts/modify_message.asp?entry_id=884939

Dear Sir/Madam
Please temme the procedure for opening a Sole Proprietorship Firm.

Kind Attn : Dear Sir/Mam

Pls adv on the following:
-While making payment to our CA, for the F.Y.2013-14, paid in Sept14. How to account for, as we haven't passed any entry on 31-3-14.

- What about the TDS part. Do we need to pay the same alongwith the interest, if so, for how may months, pls adv calculation.

-Also, I read somewhere that the TDS is ro be deducted only on the bill amt exluding service tax, i.e. No TDS to be deducted on service tax part. Is it true?

- If the abv is correct, does this needs to be implied only on professional servuices or all type of billing, whether contractor etc.

Thnx and regards
Gurvinder Singh

Suppose cost of asset is 100000/- and accumulated de preciation existing is 40000/-, salvage value is 5000/- and useful life remaining is 5 yrs.
Impaiment loss was calculated to be 25000/-. what are the entries, and the effect of the loss in accounts, what is the accounting treatment for acc. depn?

Dear All,

Our company has purchase computer on 1 of July 14, with 5 % vat.
How much setoff can be taken on input tax amount paid by our company.

And please provide details infomation on input set off for Vat 5 % and 12.5 % and cst 2% and also on all fixed assets purchased

Waiting for your valuable reply...

Regards,
Irfan Momin

a mobile recharge shopkeeper received value amounting Rs 50000 from Reliance to recharge customer's mobile no. & he treated the above mentioned value as his purchase. if some amount is still left at the year end, can we treat that amount as closing stock.

When adv tax is paid in partnership firm in lst year than how the adv tax will be utilized in current year??(it will be charged agnst current yr provision or will be adjusted from partners capital account??)

Do we have to make provision for penalty and interest on sales tax in 2013-14 which is paid in 2014-15? Or the provision is to be made only for the interest on sales tax?