Hi all

we are sold a car for rs 850000 which was acquired on 12/10/2007 for rs 1175420. the same is sold on 31/08/2009 please tell me the accounting treatment ad Depreciation for 2009-10 as per both the Companies Act and Income Tax Act 1956 & 1961. according to me as per IT Act it comes STCL & as per Companies act it Comes STCG. in Accounts we are booked the Depreciation as per the Companies Act Rates so the Car generates Profit, my Question is we are not doing the Business of Cars Sale & ours is a Software Training Company the profit as per Companies act in Which account we want to show Please Clarify me very urgent Pleaseeeeeeeeeeeeeeee!

Please guide me on Branch Loss in HO books. Where it should be seen. Capital Account?

My query is regarding formation of building wise accounts for housing society.
we are a registered society with six buildings and one registration.
Our members are insisting for formation of building wise accounts for better accountability and transperency of funds.
Our auditor says this is possible internally with 6 balance sheets and consolidated balance sheet for the apex account. our society already has a bank account in nationalised bank for common operation with share capital with district co-operative bank.

Is this possible ? Please advise.

An executive was given 1.0 lakh chq. to make business trip along with 2 assistants. He spends only 25 thousand and refunds 75000 in cash to the cashier of the company. The cashier accepts the amount and givea receipt. Is this refund by cash legal as per IT act. If so, should he give in the form of chq. Kindly clarify.

sir,

plz guide me in bill entry in tally.

as per my knowledge " any sale bill / trf. to branch bill / trf. to sister co.
bill entered in tally with real value.

but my friends say i can roundof in bill entry & they do in a/c but i m not entered in round of.

they sey , this instruction is given by c.a. bill can entered in roundoff.

for example :-
if bill amt. is 5789.64
than i enter in tally same amt. ( 5789.64)
but my sister co. entered it 5790/-

so plz guide me
thanx & regards
ram prakash gautam

how to pass the entry for furniture in tally 9
we paid advance 100000/-
by chq. and at the time of invoice remaning amount 100000/- paid by chq.

let me know

Thanks In Advance

Reddy

how to pass the entry for furniture in tally
we paid advance 100000/-
by chq. and at the time of invoice remaning amount 100000/- paid by chq.

Thanks In Advance

Reddy

Dear Sir,

Please tell us that we have got the money in the ocation of Marriage so in this case, which account cab be considered in account writing properly?

We hope we got quick answer from you

Thank you.

How to treat consigment imports in books of account? should this be treated as purchase in our book?

hi...

I have to make duty payment through DD. i prepare the DD on 12-06-2010 but make the duty payment on the 15-06-2010. What is the accounting entry for the same?

I account for the duty payment on the 12th as the amount goes from my account on that day or the 15th?