sir, what is the exchange rate should be taken to sale price for export business for accounting ?
1. as per shipping bill
2. as per credit advice

why provision for Depreciation not shown in Profit and loss accounts , how to show in balance sheet.

The advocate of our organisation rendered professional services for us in February & March, 2022. There was no predetermined contract for rates of services. He has raised an invoice for his above mentioned services on 10 April, 2022 & payment has been made thereafter.

Our organisation decided to book liabilities for expenses in it's financials for the year ended 31 March considering the accept the previous year's bills of creditors received upto 30 April, 2022.

Will the above invoice of the advocate dated 10 April, 2022 be booked as a liability for expense in the closing financials for 31 March, 2022 or will it be charged as an expense directly in the current FY 2022-23 ?

With best regards.

Hi,

How to pass entry of Rodtep in account books.
Please guide.

Regards,

Seema

WE HAVE TAKEN CASH CREDIT FACILITY FROM THE BANK AND I HAVE SHOWN CASH CREDIT BALANCE AS OPENING BALANCE CREDIT IN TALLY FY 2022-23 FOR MONTH OF APRIL I HAVE PASSES FEW JOURNAL ENTRIES IN TALLY i:e
FOR MAKING PAYMNET TO SUPPIER ( SUPPLIER ACCOUNT DEBIT AND CASH CREDIT ACCOUNT CREDIT )

AND FOR WITHDRAWAL CASH ACCOUNT DEBIT TO CASH CREDIT ACCOUNT

IF SUPPOSE I HAVE TAKEN CASH CREDIT LIMIT OF 1,00,000 FROM BANK AND WHEN I HAVE A PAYMNET TO OUR SUPPLIER I WILL DEBIT CREDITOR ACCOUNT BY Rs 10000 AND CREDIT CASH CREDIT ACCOUNT BY Rs 10000

IN ABOVE CASE CASH CREDIT BALANCE WILL INCREASE ( 100000 CASH CREDIT APPROVED BY BANK )
10000 ( PAID TO CREDITOR)

TOTAL SHOWING IN TALLY CASH CREDIT BALANCE AS 110000 . WHAT I UNDESTAND THAT WHEN WE USE CREDIT CASH THE AMOUNT UTILISED SHOULD DECREASE BUT HERE IT INCREASING

AND ALSO LET ME KNOW WHERE CASH CREDIT AND OD ACCOUNT TO BE SHOWN IN BALANCE SHEET UNDER WHICH HEAD

WAITING FOR REPLY FROM EXPERTS

Need to ask about accounting entry for following situation.
A- Company -1
M- Manufacturer
B- Company 2
"A" places order on "M" for supply of goods. A are not able to arrange funds so they tie up with "B".
"B" releases funds to "M"
"A" asks goods to be supplied in their name with their name appearing on invoice against their PO.
How to adjust this entry into books ?
Are there any GST or IT implications ?

How to account expenses incurred while constructing a building in Company's account?

In the profit and loss account of bank's, the previous year profit brought forward is mentioned below the current year profit and then it is factored in current year profit. Why this? .Previous Year profit should have been credited to Reserves and surplus last year only, then why is being brought in current year profit and loss account?

Dear Sir,

Can assessment year 2022-23 AIS form reflect bank balance as on 31 March on every account like Saving account,RD account,Current account, fixed deposit account

Dear Sir

We have received a Cheque from Sundry Debtors on Dt.29 april 2022 But Cheque date is 31.03.22 So please suggest in which Group i create the ledger Cheque Received but not Cleared in Tally.