my friend ask this question.
He is working in a NGO. And NGO work in a village and provide lunch to their employees.
Lunch made by a lady. Then question arise that exp. occurred on Lunch is on daily basis and their is no bills. How to enter this in tally and what head of account to be debited

X ltd Co. owned an asset as under:

cost of asset 50000/-
Accumulated depriciation on Asset Rs 20480/-
the asset was sold Rs. 18000/-


please make Accounting entry

Please help me as of 31/12/2012 the cost of good is 100000.00 cr.and the next year 01/01/2013 the opening balance is zero.
casn u explai n and advice me ow it will come.

Our client having one firm he paid shop rent of Rs-10000/- for this and now he started another firm in same place. Can we bifurcate shop rent in both firm of Rs-5000/- per firm or claim separate shop rent of Rs-10000/- for both firm?

Can anyone guide me regarding 'Fixed deporsit Maturity entry' by considering the example..
Opening balance (1-4-12)of FD rs.250000
date of maturity 30-9-2012
maturity value rs.280000

Dear Sir,

Can anyone please clarify, in case of liquidation of company who will be given the first preference for payment- Employee or Statutory dues.

Also please share the liquidation process

Thanks in advance

Is tax audit should be charged by CA other than statutory auditor should be shown as tax audit fees in auditor'e remuneration or it should be disclosed as professional charges in case of company.

If we have received invoice in 20 th November 2012. But invoice date is 15 th oct 2012.At the time of accounting entry for vat, service tax and tds calculation and return, Which date i have enter this invoice?

Sir
in amalgamantion,when the transferee company pays realization expenses,why does it debit goodwill a/c?
what is the reason behind it?

Dear Sir...
i have to make a projected balance sheet for granting a bank loan plz tell me whether revised schedule vi is applicable for Individual's Balance Sheet or not.