Respected Sir
Im Supratim Ghosh from kolkata. I want to know the journal entry when received cheque from party and what is the journal entry when this cheque deposit into bank and what is the journal entry when the cheque bounced.
Pl help me as soon as possible
Regards Supratim Ghosh.
All the entry in tally

We r going to purchase a trailor for our logistics co. for new contract obtained with new customer. But customer wants the trailor in their name instead of our name.

If we finance that trailor , how can we account for the smae in our books of accounts?

Kindly revert.

Hii, Can someone please guide me on EPF and ESIC for educational institutions. I find these always confusing. please tell me what are the accounting entries to be made for these and how to check these while in audit??? please help. My second query is that whether educational institutions are registered under 12A as charitable?? If yes is there any exemption. friends plz guide me. Thanks in advance.

Read more at: https://www.caclubindia.com/forum/epf-esic-252535.asp

thanks for guidance but i m still not clear...if A has an a/c with SBI and payment of telephone chgs is made thrugh ecs from SBI
then entry is telephone chg Dr 1000
to sbi a/c 1000
so here we have to credit sbi a/c then in A's
bank statement this 1000 will appear as withdrawals right bec we are creditng bank?

Respected Sir
Im Supratim Ghosh 4rm kolkata.
I want to know what is the journal entry for bounce cheque in tally erp 9.
Regards
Supratim Ghosh

How to treat Proposed Dividend while calculating Net Profit in Cash Flow Statements??

For eg under B/S it is given
2011 2012
Proposed Dividend 100000 120000

Nd the other query is how to treat Provision for Tax while calculating Net Profit in Cash Flow Statements??

For eg under B/S it is given
2011 2012
Provision for Tax 130000 140000

sir,for calculation of cost of production whether depreciation will be added in cost of production or not?
please clarify because i have to make valuation of closing stock of finished goods

26.05.2009 (PVT LTD) our company computers purchased on credit 52120/-
10.06.2009 our company computers purchased on credit 35500/-
07.07.2009 our company computers purchased on credit 5375/-
05.08.2009 our company computers purchased on cash 26520/-
04.12.2009 our company computers purchased on cash 40400/-

but they dep calculated 17539/-

passed jv

accumulate depreciation on computers a/c Dr 17539/-

To Depreciation a/c 17539/-

what is the calculation

in the respective case , the depreciation has been undercharged in the previous year . so for adjusting the same the effect has been given in the proprietors capital a/c. so how to treat the same as in the audit report the amount of the assets and depreciation and the closing balance does not get tallied . hence kindly guide me that how the effect has to be shown in the audit report . it is a proprietorship concern.

if payment is made thrugh ecs,we should credit bank a/c from which payment is made
then in bank statement of that customer will this amt appear as withdrawals?