Anonymous
23 June 2013 at 16:59

Tally querry

in tally is it possible to add direct expenses with the opening stock



Anonymous
23 June 2013 at 02:05

Revised schedule 6

Prefrence sharecapital are part of total sharecapital or part of secured long term liablity ......according to revised schedule 6.,,.???..


Tapan Kumar Parui

We are in the business of manufacturing & marketing of artificial sweetener.In India we produced our product through a third party manufacturer, with whom we have yearly agreement. The third party manufacturer produced the product as per our formulation & procure raw material only from our approved supplier, but supplier give Invoices in the name of third party manufacturer.
As per our direction the manufacturer had imported some raw material from Europe, but in that case we have taken the responsibility to pay the exporter i.e. we pay to manufacturer & then they pay to the exporter, it is to mention that the exporter is one of our group company.
Now we are going to terminate our agreement with the manufacturer, regarding that I have few queries-
1.Can we take in our books the outstanding foreign exchange liability for the above mentioned transaction, if yes then how.
2.After transferring the liability in our books how we can pay them in Euro,as in this case Invoice in the name of manufacturer.
3.Is there any issue under FEMA Act.


ramanamma
22 June 2013 at 16:41

Loan taken on vehicles journal entry

Hi friends

My Organization taken loan from one financial institution by hypothetical loan on motor car.

The loan for 36 equal annual installments
loan statement indicates both principle and interest clearly.
1st installment also paid immediately.

journal entries for
loan taken
1st installment paid
and every monthly installment paid regularly.

please give me Journal entries .


Siddharth
22 June 2013 at 15:46

Service tax

Is it necessary to attached original bill with service return tax file.



Anonymous
22 June 2013 at 15:01

Fixed assets

Dear Expert,

when we are constructing the building we are paying the Direct And Indirect Expenses for that.After completing the building it is fixed asset to us.
how we have to convert the total building Expenditure as a Fixed Asset. what is the account entry.


Juned Siddiqui
22 June 2013 at 13:00

Rate of dep charged on ac

rate of DEP Charged on AIR CONDITIONER WHETHER IT IS 10 % OR 15 %.
frwrd me the link as well


Nitesh Nahar

The company is registered on 29.03.2012 with the fund of state govt amounting 5 crore.
the all 500000 shares of 100 each is subscribed in MOA.
The first installment of 60 lacs is received upto 31.03.2013
My query is what will be the paid up value of the company & from which period the income & expenditure accounts will be prepared.


sujeet r yadav
22 June 2013 at 11:37

Tds

sir please inform to me, f.y .2012-13 interest but we are pay after 31/3/2013 payment date 27/5/2013 interest and prepared the tds challan and mention a.y.2014-15, it is write and wrong ,if write that ok & wrong than what i can do ? because i had paid the challan please reply to harry up.



Anonymous

Hi,

What are the difference between AS and IFRS? Which is the best site?






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