Dear Experts,

A limited company (unlisted) runs a business of retial chain stores. The company opened a new showroom . My question in reference to the Co. is:

What is the Account head for :
1) Purchase of ploy bags for retail,
2) Cost of pamplets distributed before opening,
3) Cost of other advertisement.
4) Flower and fooding expenses on opening day of such retail show room .
5)Gifts cost- distributed on such day.

Thnx in advance

Dear Sir,

At first I convey my gratitude for replying my query. Sir, I am in a large private co. my boss has given me an expenses for family shifting to our project location due to transfer. The cost is coming Rs.68,000/ against air fare. My query is whether can I pay the reimbursement in cash or if in cheque, shall I deduct TDS agst that expenditure.

Awaiting your reply.

Dear All!

The query pertains to Debits and Credits.

Expense is debit since money is going out but why is Asset debited when we are actually receiving something. It should be credited i.e. increase should be credited rather than debited.

In short what does Debit and Credit actually mean in accountancy.

Good Evening to all CA Club Members
sir, I received a tax invoice bill which confused me
the detail of bill is given below
Total sale value before add VAT tax Rs. 8,019/-
Add Vat @ 12.5% Rs. 802/-
Grand Total Rs. 8822/-
I asked him about this, he tell me that he raised vat tax amount after deduct 20 % of sale value of Rs. 8019/- (on Rs.6415/-)
So, what entry should be passed in the tally with the ledger amount and group?
Sir if the bill is right made. so, please provide the information what is the logic/rule.

Sir the supplier is registered in delhi state.

Good Evening to all CA Club Members
Sir, I purchase a machine against “C” form. I don’t understand what entry I pass in tally. So please guide me about what entry should be pass in tally with the ledger and group and also guide me where we show in the sale tax return.

DEAR SIR,

WE HAVE PURCHASED RAW MATERIAL ON 18.04.11 FROM RAJASTHAN AND THE BILL HAS BEEN RAISED BY SUPPLIER ON THE SAME DATE. IT HAS BEEN SENT TO AGRA AND DUMPED IN TRANSPORTER'S GODOWN ON MY BEHALF ON 19.04.11. ON 7.5.11 TRANSPORTER HAS SENT THE MATERIAL TO US WHICH WAS RECD BY US ON 08.05.11. ON WHICH DATE WE SHOULD ENTER THE PURCHASE ENTRY IN OUR A/c BOOKS.

After passing the entry for credit note for a item in TAlly erp9 the closing rate of that item has increased.
How to reduce the closing stock rate?
Avereage cost method is followed in Tally.
Please help me.

i am solving problems from module. many a times i get stuck in opp. cost calculatin and my solution goes wrong. i have following doubts.

if suppose revenue from alternative option is Rs.500000 and costs are
direct wages ;100000
rawmaterial :50000
Rent :50000
power :50000
Depreciation :50000
overhead :50000

then what will be the opportunity cost ? Explainatin with logic will be highly appreciated.

waiting for your reply ?

Rent Rs.10000; Provision for bad debts(old) Rs.10000; Salaries Rs.8000; Apprentice Premium(credit) Rs.12000
Gross profit Rs.70000
Net profit of the firm will be__________? and how?

Dear Sir,

Can we deposit >Rs. 20000/- by cash in our sundry creditor's (Supplier) bank a/c in a single day against his balance.

We have cash in hand >20000 in the same day