A Joint Venture Company called A prepares monthly payroll & forward to JV partners to Pay. (cash & Bank)

JV Partners are Company B & C

Company B transfers directly Bank Salary

Company B Issues Cash Salary to Company A to distribute

Company A will disburse As & When required

Company B will Raise debit note to company A for full salary (cash & Bank) after 30-40 days

I need journal entry in books of accounts of company A for 1)full Payroll 2) Cash Receipt 3) Debit Note

hai,
i am working with central government educational institution.
while preparing 2012-2013 annual accounts, it has been noted that there is some mistakes in provision written off in the previous years.
provision created for 2010-2011 is 50 lakhs
they writen off 50 lakhs by reversal entry in 2011-2012. besides they debit around 40 lakhs in provision account against payment bills. therefore it has the effect of 90 lacs written off in 2011-2012 against provision of 50 lakhs.
how can i correct this in 2012-2013.
it will be very helpful if u reply to this query

is there a way to merge 2 different company data (branch offices) in tally?

Dear all
I want to make a sale in Transit using Form E1. Please suggest at what stage the invoice from the first subsequent seller is required?

Dear Fellow Members,

Please advise me in following scenario-
XYZ is a public listed company. Local government has taken 10% of its land due to the local government's road extension project without giving any compensation. The company follows cost model for its fixed assets.

And now the question is simply passing an entry of derecognising the proportionate amount of land assuming a disposal of assets while charging profit is must or there are any other way out is here?

Please note standards for impairment is not applicable here due to carrying amount is much lower than the fair market value.

Laba Khatri
Member

My query is regarding the treatment of sale and lease back in case of operating lease,
why do we compare Carrying amount with Fair value , why not selling price, if compensation is given by lessor?

i had entered sales entries in invoice with inventory in tally 9 release 2.13. now i want to convert all invoice as vouchers (without inventory). Is it possible?

shortage and damaged goods under which account it comes in Profit And Loss Account

Sir,

I have issued cheque to ABC party and also passed Payment Entry in Tally, but transaction could not place, and same cheque party send us back. Now my question is that whether I delete this entry or any other option to make reverse entry?
Regards,
Pravin.

How to made entery in accounting software exchange rate flucation and which difference calculate