give items to be added and give items to be subtracted while preparing bank reconciliation statement.

suppose you approach mr. x party and said them that as per your books balance payment is rs 100000. But the x party says as per his books balance payment is rs. 80000 only. so what will be probably the reason of such difference ?

can we take fixed assets cost for costing

Dear All,

We are having a private limited company and now we would like to make a new unit in the name of 'UNIT-II'.

Plesae advise us how can we maintain accounts for both the units. UNIT - I & UNIT - II.

Thanks
Nitesh
9829580344

A company needs to make membership contribution to an institute outside India of 1000 US Dollars The membership period is from January to December of the Calender year... The invoice date is mentioned as 5th march and received to accounts after closure of books the payment is made in the month of May of the respective financial year...

While closing the entries in the books for March, the outstanding provision has made without considering the exchange rate of Rs.3,75,000/- (April to December) and Rs.1,25,000/- to the expenses (January to March)

After the final payment the outstanding amount was nullified and the balance is booked to the expenses without looking into foreign exchange fluctuations...

Please advise, whether foreign exchange loss to be booked for the above transaction in the books??? Is there any deviation from AS 11

i have following scenario:

A firm has shares of rs 75/- lac,
variable cost of rs 42 /- lac and
fixed cost of 6 lac.
Debt is rs 45 lac @ 9 %.
Equity of 55 lac.

At what level the EBIT of the firm will be equal to zero.

urgent pls reply..

Dear Sir,

Suppose I have one crore and want to start a company.

I registered a company subscribed for the shares.

Now how to record the transaction in the books of accounts to use that one crore in the company.

Hello,

In our company, we purchase fruit and we pay the amount for purchases later on credit basis but, we pay the freight, the expenses of which is borne by the seller, and while making the payment we deduct the freight amount and make the payment. So please guide me how it will affect in tally.Please explain me with example.

Thank you

Hi All,
I have a query regarding Tally 7.2
I have got fully prepared account Statement in Tally 7.2 soft copy. Now if i want to search any particular entry or any word in its narration so that I can ensure that receipts from any particular debtor has been received wat is the procedure
pls help me i searched a lot on google but cudnt find any way out

Hi All,

I have a query as to validity of the following accounting entry which is made in regard to purchase of service.

Expense A/c Dr (Amount of invoice)
Party A/c Cr (Balancing figure)
Service Tax Cr (invoice amount*75%*12.36%)
Tds payable Cr (10% of invoice amount)

My query is whether service tax payable as shown in this entry correct?
The amount of service tax as booked in the invoice is only 25% of the actual expense.
Also,in this entry no cenvat credit has been taken of such 25% Service tax as shown in the invoice.


Thanks in advance