A factory been closed because of license problem. whether assets relating to such business can be impaired if so whether such loss be adjusted in general reserve instead of charging the profit and loss.

Please clarify my doubts

hi
i have sold goods to my customer at a lower selling price by mistake.
now i want to recover the balance amount from my customer .So will i issue DEBIT or CREDIT NOTE?????

Ques:
Goods destroyed by fire Rs.80,000 and insurance company admitted 50% claim.This adjustment will be entered in
Options:
(a) Balance sheet
(b) Trading A/C
(c) P&LA/C
(d) All of the above

do the debtors outstanding as on 31st march needs to be converted as per exchange rate on that date, or as per actual realised date for debtors realised before we draft balancesheet bt after 31st march. as events occuring after b/s date. & b/s exchange rate for unrealised debtors,

Dear Sir
I need the guidance
Now days i am doing pending work of my client fin.year 2007-2008,for next month sales tax assesment.

the query is i am doing entry in a/c of local purchase bill's , in bill's the detail as below
1)
Material's 13333.33
OutPut Vat 12.50% 1666.67
Total Amount 15000.00

i am doing entry in tally as below
Cr. S.Creditors a/c 15000.00
Dr. Local Purchase a/c 13333.00
Dr. Input Vat 12.50% 1667.00
==========================================
2)
Material's 7658.65
OutPut Vat 4% 306.35
Total Amount 7965.00

i am doing entry in tally as below
Cr. S.Creditors a/c 7965.00
Dr. Local Purchase a/c 7659.00
Dr. Input Vat 4% 306.00

any criteria if i am doing entries as above in round of amount in input tax.

Waiting for reply
Thanks
Arshad

hai,
we are a manufacturer, we are going to prepare our accounts to audit, so we should calculate closing stock, but we have no idea how to calculate closing stock. we have follwoing details
1.purchase of raw material(Local& Import)
2.purchase of consumables (Loacs & Import)
3.electricity
4.freight inward
5.Fuel
6.Alumium & Steel rod in qty & kgs
7.manufacturing and sale qty (month wise)
8.we have taken physical stock as on 31.03.2011
9.custom duty paid details

how to calculate rate of piece,

I am using Tally 9 Educational Version

For making accounts for FY 2009-10 only 2 dates are accepted 1st April and 31st March

I want to prepare voucher with date 9th April 2009, but system is not allowing to take this date.

Is this because of Educational Version or some other reason.

Pls Guide...

All experts are requested to put light on following matter:

A real estate co. has constructed a mall to earn rental income . project is commissioned on 31.3.11 which was continuing for past 5 years.

Please provide guideline how to allocate common expenses incurred over past 5 years since various asset are being capitalised.
Any suggestion to ensure proper audit is most welcome.

Hoping for quick response.

Generally all bank are issuing the TDs certificates after the filing of TDS returns on 15-05-2011.

Now if we don’t know the amount of TDS then how companies are passing the entries of interest accrued on 31-03-2011. alongwith TDS and how they are publishing their audited financial results in newspapers.

Kindly guide

What will be the journal entry for telephone bill for the period of 10/03/2011 to 09/04/2011.