hello,
When an asset is bought for Rs 100000 + vat 12.5% (pls confirm this rate) then what is the accounting entry in tally. pls mention groups for the ledgers to be created.

thanks
kirti.

Dear all respected CA Members,
I have to Learn SAP. Could you help me in respect of the following-
1 Exactly what is SAP
3. What are fields in SAP learing.
2. I want to concentrate in Financial & Management Accounting. which institute I have to join from Mumbai.
4. One SAP Software accounting working is differenne from Others ?
5. Any Manual Comes.

Regards

hello friends,

purchase of 1000usd product from USE
on the date of purchase
exchange rate 45
& Bank Rate 45.5

my question is we have record purchase entry on exchange rate or bank rate??

waiting urgently for ur reply.
thanx in advance
my id abhipcc@rediffmail.com

What is the current depreciation rate under Companies Act for SLM method for following assets

1)Software
2)Office Equipment (including electrical appliances)
3)Furniture & Fixture
4)Plant & Machinery

We are a non manufacturing concern

A IMPORTER PURCHASE GOODS WORTH $100.

AND IF TO THE PARTY SUPPOSE ADVANCE PAYMENT MADE BEFORE 6 MONTHS OF $150,
AND EXCHANGE RATE AT TIME OF ADVANCE PAYMENT IS 47.

AND WHEN PURCHASE THEN AT THAT TIME EXCHANGE RATE WAS RS. 49/-

AND BILL OF ENTRY EXCHANGE RATE TAKEN 48.5/-

THEN IN PURCHASE ACCOUNT WHICH EXCHANGE RATE TO BE TAKEN.

I need your help dear experts,

Pls help me.


thanks in advance

I want to know basic information about IFRS?
How many IFRS are there??

Dear Expert,
Pls confirm this entry.

Expenses to be booked as on 31st March in P&L and BS.
say 2 bills Rs. 5000 & 11000 pertaining to Rep. & maintenance are to be booked.

Repairs & Maint. Dr 16000
To party 16000.

what is the diff. b/w provision & expense booking made as on last date of BS?

thanks
kirti.

Dear Sir
I HAVE ONE BUILDING PROJECT THAT I FINISHED ON 31/03/08 AND I RECEIVED FULL AMOUNT. BUT I HAVE ONE YEAR MAINTANANCE FOR THE SAME BUILDING. SO AT THE END OF THE YEAR 31/03/08 I KEEP SOME AMOUNT FOR MAINTANANCE . I MAKE ENTRY FOR THAT
BUILDING EXP DR 500,000/-
TO
PROVISION FOR MAINTANANCE 500,000/-
AT THE END OF THE YEAR 31/03/09 MAY BE I HAVE MAINTANANCE EXPENSES 400,000/- OR I HAVE 600,000/-
IF I RECEIVE LESS AMOUNT WHAT IS THE ENTRY ON 31/03/09
IF I RECEIVE MORE AMOUNT WHAT IS THE ENTRY ON 31/03/09
PLEASE HELP ME.

Dear All,
I am a accountant when i enter Local sales for a particular party i can't select the particular party in the sales voucher all are same to all the other debtors details is any key in tally to stop entry for a particular party in tally Here the sales entry is not entered yet but the payment entry is passed Pls Help