I want to know what is the accounting treatment for unreconcillied vouchers in bank accounts in the next F.Y also wants to know on which balance will take for bank accounts next F.y

Dear Experts I am maintaining accounts in Tally 9 software & I entered all transactions for the month but it is showing difference in opening balances at Profit & loss a/c site in Balance sheet.please tell me how I can remove this.

While making export of goods..
there is a difference in USD rate at the time of billing and at the time of realisaiton.

Pl. advise how to make entry and adjust the difference...

Also comment on how to make entry in tally

Dear Sir/Mam,


Kindly inform me about the journal entry of the following :-

Q. Once A Businessman was going with his hors-cart to bring some goods for his day-to-day transaction of his business. In the way, the Horse died, so he decided to sell his cart & finally sold it for Rs. 5000/-


(Original cost price of Horse is Rs. 8000/- & of Cart is Rs. 7000/-)

Kindly give the journal entry.

Thanking you,

please tell me.....is there any difference between revenue EXPENSE and revenue EXPENDITURE...also
since both fixed assets and expenditure give long term benefits then whats the difference??
are capital expenditure done only to aquire assets??
and do all expense/ expenditure done to aquire assets are capital expenditure..please reply...totaly confused

Please suggest what treatement should be taken when there is huge balance lying in unpaid salary & wages incluing bouns etc. since 2001-2002 to 2010-2011

is there it is required to pay said amt in any Govt. Cont. if yes please also mention time period also

Pls tell me what r the entries for machinery sale? I have not maintain provision for dep a/c.
Origianl Cost 1589563
Loss on sale 505298
Received from party 200000
Balance amout 884265 CA showed in Schedule D in Adjustment for sale column.
I don't understand where to adjust

Sir

In the balance sheet, always the new provision for bad debt is deducted from the Debtors and then provision for discount on debtors is calculated on it.

but when old provision exceed bad debt and we have to create new provision which will be calculated on (Debtors-bad-debts).

then new provision automatically includes surplus old provision which is deducted from pr. year debtors for calculating pr. year provision on discount on debtors.

so, this means double deduction of surplus provision in current year.

so, i think that we have to deduct current year provision for calculating provision on discount on debtors instead of new provision.

for ex.

debtors= 200000(at the end of year)
bad-debt= 3600
provision on doubtful debt(1-4-20xx)= 7500

Adjustments:

1.)further bad debts= 2000
2.)we have to create new provision for doubtful debts @5% on debtors.

therefore, new provision is calculated as

200000-2000= 198000

198000O*5%= 9900.

therefore current year provision is Rs.8000.

but 7500-3600-2000= 1900 i.e surplus

surplus+C.Y provision
1900+8000= 9900

i.e it includes surplus resulting in double counting for calculating provision for discount on debtors.

because 7500 includes 1900 which is ded. previously and also includes in 9900 and ded. in c.y also.

why.......................................

if building constructed and expenses incurred for that at the various dates during the financial year than how to capitalised building exp and deprecation calculate from which date of addition.
please clarify

Dear Sirs,

We recently acquired 100% equity a company and we paid consideration of Rs. 10.00 Crores to their shareholder and Share Capital of acquired company is 7.00 Crores. In holding company financial statements we are showing Rs.10.00 crores as Investments.

now we are preparing consolidated financial statements so can any body help me for treatment of investments in consolidated financial statements.