Dear sir,

An amount of Rs.46 crores has been spent for constructing 220KV sub station and subsequently transferred to Govt Electricity board because our company is not eligible to maintain that sub station as per Govt rules. Our company is the only consumer of power from the above sub station.

Now what is the treatment to be given for this Rs.46 crores in financial accounts?

We have given motor vehicle to Key Manaegerial person. Hence, Rs. 2400/- is treated as perquisites. Salary of KMP is Rs. 100,000/-. What will be the accounting entry for the value of perquisites given

Hi

Please guide me to account, inventory in tally ERP 9.

How do i account Bar stock in tally. Which contains units like bottles and smalls.

for Eg.

Opening stock 4 bottles and 4 smalls.

24 smalls equals to 1 bottle.
then when i making sale of 6 smalls balance stock shall be 3 bottles and 22 smalls.

Whether we can do the above transaction in tally. also whether tally closing stock will reflect the same...?

I am working in Electronic trading co. & all the transaction & accounts maintaining in TALLY ERP, there are 9 shops then hw i maintaining stock of the company.

i get a tender for construction as by giving joint venture agreement and now the payment relies by them is deposited in my (member of jv) own a/c and tds is also done on my pan no not on jv pan number.

help me how accounting transection for (income tax) purpose is to be done as the payment is not to be deposit in jv current a/c and work done in name of jv .

DO WE NEED TO TAKE THE BALANCE OF BANK ACCOUNT IN THE BALANCE SHEET ONLY AS PER ADJUSTED CASH BOOK OR SHALL WE NEED TO CONSIDER EVEN THE TIMING DIFFERENCES SAY FOR EXAMPLE: CHEQUES ISSUED BUT NOT YET PRESENTED.

I THINK CONSIDERING THE AS 4 " EVENTS OCCURING AFTER BALANCE SHEET DATE" WE NEED TO CONSIDER EVEN THE CHEQUES ISSUED BUT NOT YET PRESENTED PROVIED THAT THEY HAVE BEEN PRESENTED BEFORE APPROVAL OF THE FINANCIAL STATEMENTS.

Hello,
I have done 2 mistakes in 2011-12 accounting.
1) Bonus which was already paid in 2010-11, I have pass entry in 2011-12 also.
2)Bonus was Income but wrongly have shown as expense.
How to rectify in 2012-13 financial?
please help.
Thanks

Hi,
What is Appropriate account head of pur. of hand set (Moblie) Worth of more than Rs.5000 or Less than Rs.5000 ?

If company claiming depreciation on single shift basis on plant & machinery from the inception of the company. However, P & M is designed to work for continuous process. P & M is depreciated for single shift for 5 years as it is working under production capacity ( around 40% to 50%)

Now, company after 5 years, wants to change depreciation rates for P & M from single shift to continuous process as achieved nearly 80% production capacity.

whether any retrospective depreciation impact is required to be given in p & l A/c or merely disclosure with quantification in notes to account is sufficient?? Further, it would be treated as change in accounting policy or change in estimation??

hello,
There was a closing balance of sundry debtor in the year 2010-11. In the year 2011-12, I forgot to put that closing balance as opening balance in Tally(Financial was prepared 1st time for the proprietor in 2011-12). Now in year 2012-13, same amount is stand as credit balance of that Debtor. What should I do to rectify ?
Thanks