If a construction company is running a no. of construction contacts / sites and want to record the P&L and Balance sheets for individual sites and also wishes to consolidate the same to head office data so that it can arrive at consolidated P&L & balance sheet of the company as a whole, what is the way to consolidate the data? can it be consolidated in excel sheets and is acceptable to IT dept. or it has to be consolidated in the software with consolidation vouchers?

please note that company is using ready to use software which is meant for single user.

Dear Sir,

We are doing sale and purchase of goods,I need to know at the time of closing of balance sheet why and when do we show the following:

1) Closing stock : credit of Trading account
2) Closing stock : credit of Trading account and assets side of balance sheet.

Kindly suggest me the same because in US accounting I have seen that Inventory is being shown in assets group whether we purchase or sale the goods.

Hi,

Please let me know what is rectification of error with an example.

Hi,

My question is how do you treat work in progress for a construction company in Tally.Please let me know what is the accounting entry and also under which accounting head the appropriate ledger a/c should be created.

Sir

A Firm has not paid TDS from June to Feb.

I Have calculated tds. for Each Month.

Please say how to calculate interest on TDS.

Is their any calculation.Below calculation is right or wrong please reply.

TDS Value x 18% X delay days / 365 days

Regards

WHAT IS THE BENEFIT OF CPT OTHER THAN CA COURSE.

A private ltd. company buy back its shares. Co. had paid to shareholder out of its bank balance. Company has securities premium. Please tell me all journal entries which company has to pass. Also can company buy its shares from CC Account of its bank.

Dear experts

Could you plz. let me know for booking the bad debts in which head

Can someone tell me whether Revised Schedule VI Format is Applicable in May 2011 exam?

while calculating net assets fair value of investment( non trading) are to be considered. but which value will be fair value, either it is market value, cost or ant other. pls reply early