Sir,

We are maintaining accounts in Tally.We want to split the data from the financial year 1st April,2010 for the financial year 2010-11.

Please clarify if we split the data we cannot view the data of the previous year.Is there any problem to view the data of the previous year.

Thanks

Where i got my bussness area code

Respected All,

A company is finalising its accounts for the year ended 2009-2010.

It has not received the telephone and electricity bills for the months of February and march.

What should the company do while preparing the balance sheet.

Can it show the amount of these two bills in the next financial year 2010-2011 and will these be allowed in income tax assessments in that year?

Regards,
Jyoti

Dear sir,
I am working in wine manufactoring company. We have recieved a subsidy from Ministry of food processing industry(MOFPI)in our loan account.It is given on the asset or expansion of wineries. I want to know the acconting entry for the same transaction.

waiting for reply
THANKS & REGARDS

we are a sole proprietor firm.we have issued cheques to parties on 31st march which have not been presented to the bank by parties & we have deposited some cheques which we have deposited but not cleared by bank.
kindly guide me regarding accounting entries for both cases in balance sheet.

I am from Ahmedabad. I just wanted to know the method of revenue recognition for construction contracts that is normally followed. I doubt that method prescribed by AS 7 of recognition on the basis of percentage completion is followed by everyone. Please guide me

in bal sheet creditor is rs.180000

adj: creditors agreed to waive their 30% rights and company paid rs.30000 of shares in part for renewing their liability.

what will be the JOURNAL ENTRY

my id abhipcc@rediffmail.com

I would like to know what would be the entry in tally;
insurance matured and the payment was done through cheque.The premium paid for the following insurance I was showing in Drawings. is the following entry right .
is it a receipt entry.
By bank
To proprietors capital a/c

existing policies jise 25year(1st jan1980) pahle se use ho raha tha, ab hum is policies ko change kar rahe hai.
to retrospective effect kab se liya jayega ?

Please suggest me a best accounting software for my business. I am not so happy with tally.