when a businessmaen purchased a God Statue for rs.40000 /- for the moral support of faith of the employees.

how this exp is to be treated ?

is it write off in p & l account?

or it can be shown under furniture & fixture.

Whether capital assets to be capitalased from the date of billing by supplier or from the receipt of assets in factory or from the date of asset put to use...

Hello Experts,
My Query is,
Suppose I am a Builder, one of my client had made payment of his flat in financial year 2010-11 and I showed the same as "Advance From Customer" in Liability side of my Balance Sheet of 2010-11 but I had not raised invoice in 2010-11. I issue the same invoice in current financial year and based on that invoice I booked my income in current financial year.
Is my accounting treatment true?
if not please let me know the correct accounting treatment?

In an educational trust , Depreciation calculation should be as per which act either companies or IT and W.D.V or S.L.M?

my client has business of timber. he import timber and there is foreign exchnage
loss what will be the accounting treatment or if there were foreign exchange gain then what will be the accounting treatment and how it will be shown in revised schedule vi

HELLO FRIENDS!!!! I have got a query regarding "SINGLE ENTRY SYSTEM",.....Why is opening and closing capital account taken into consideration while calculating the "STATEMENT OF PROFIT OR LOSS",is there any relationship between profit or loss and the CAPITAL A/C.........(if i am not wrong),then CAPITAL A/C'S are just maintained to know the extent of liability of a business concern towards the owner....then why is that taken into cosideration? please explain....
-thanking in advance!!!!

if we rececived credite note shchem on sale after four months from supplier what is entey in tally now (scheme already given to retailers at the time of sale) please send answer with journal entery.

respected sir,
i want service tax paid entry in tally under which account it will come please let me know as earlier as possible

I just want to know municipal commission where we add in tally- under which head??

please help me

Thanks

Prachi Desai

How to pass journal entry in tally of profession tax and payment entry for the same