Anil Kumar
This Query has 2 replies

This Query has 2 replies

28 February 2012 at 21:49

Deposit of amount

I have sold a property in 8 Lakhs.Received amount in Cash.Can I deposit all amount in Cash in my bank ?
Can I do a Fixed deposit in Bank.


reshma
This Query has 2 replies

This Query has 2 replies

28 February 2012 at 17:01

Fixed assets

Dear Sir,

Pls suggest, How to pass entries for purchase of Machinery, Electrical Instalation & how to capitalised the same. Urgent.

Tnks.


hemlata p. soni
This Query has 1 replies

This Query has 1 replies

28 February 2012 at 14:04

Settlement of loan account

I MADE A MISTAKE AT THE TIME OF SETTLEMENT OF LOAN ACCOUNT. LOAN FOR A THREE YEARS. IN SECOND YEAR I MADE ONE ENTRY FOR LOAN INSTALLMENT IN CASH BECAUSE I DIDN'T GET A DETAIL OF CHEQUE PAYMENT MADE FOR INSTALLMENT. I FELT THAT PAYMENT MADE IN CASH. BUT IN THIRD YEAR, I FOUND THAT THE CHEQUE PAYMENT ENTRY MADE IN ANOTHER LOAN. THE TWO LOAN TAKEN FROM SAME COMPANY NAME, SO I WAS CONFUSED. KNOW IN OTHER LOAN IN WHICH I DID THE CHEQUE ENTRY, IN THAT THERE IS SHOWN EXCESS ENTRY BY THE AMOUNT OF CHEQUE. SO PLEASE GIVE SOLUTION HOW TO SOLVE THIS PROBLAME. ENTRY MADE IN CASH, CAN I REVERSE IT?. GIVE ON URGENT BASIS WITHIN HOURS. THANKING YOU.


SAMIR DESAI
This Query has 1 replies

This Query has 1 replies

28 February 2012 at 10:53

Salary entry

Dear Sir,

for example i have two employee A & B His salary is A-15000,B-15000 both employee Professional tax deducted A-200-B200 & esi deducted A-262.5 B-262.5 than how pass this entry in my tally account Please suggest me & how pass employer esi liability of Rs.1425/- entry pass in my tally account please guilde me


Palak Nandi
This Query has 3 replies

This Query has 3 replies

28 February 2012 at 10:51

Trust

There is a Trust which gets registered on 15/08/2010. What will be the procedure for closing the accounts of such trust? Is the previous trust fund required to be closed for the year starting from 16/08/2010?


gopal parvatikar
This Query has 1 replies

This Query has 1 replies

28 February 2012 at 08:06

Balance sheet

sir
In a partnership firm audited balance sheet some of enteries shown as sundry creditors that is alredy made payment through cash . how can it be rectified if any rectification done this yr same is affected net profit or not



Anonymous
This Query has 1 replies

This Query has 1 replies

27 February 2012 at 17:00

Accounting of epcg benefit

Dear Sir/Madam,

Under Export promotion capital goods scheme,scheme allows import of capital goods for pre production, production and post production at at 3.09% Customs duty as against the normal total of 27%, thus providing a duty saved value of more than 24% of the import value subject to an export obligation equivalent to 8 times of duty saved on capital goods imported under EPCG scheme to be fulfilled over a period of 8 years reckoned from the date of issuance.
Benefit is also available if asset is purchased from domestic supplier.

Though benefit is subject to recovery, it is not given by govt immediately.

What will be the treatment for benefit availed under it.

Whether benefit to be traeted separately or it will be considered as Govt grant.

If considered as Govt grant, it will be adjusted against cost of capital goods or booked as income under revenue grant?

Thanx & regds,
Megha


naved umar
This Query has 3 replies

This Query has 3 replies

27 February 2012 at 13:29

Sales against purchase order

Please confirm.
can we use more than One Purchase Order to raise a single sales Invoice ?
please share any circular or notification also.


jahangir
This Query has 1 replies

This Query has 1 replies

27 February 2012 at 11:03

Entry in our books of account

can we do entry in our books of accopunt today, if a bill of freight related to previous year which is not entered earlier in our books of account



Anonymous
This Query has 1 replies

This Query has 1 replies

27 February 2012 at 09:51

Regarding operating costing

hi my name is kareena, i have a problem.
what is the difference in between trip and round trip?
the formula for total km= total distance covered one way* no of trips per day

but in calculating no .of trips in case of round trip, why is it multiplied by 2
plz help






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