WILL ANY ONE WILL GIVE ME A FORMAT TO HAVE A ASSETS PUT TO USE.

My Firm is a Manuf firm.I sale goods in Mah State and i Charges Vat.I Have a PO for Delhi.The Says we will gice C Form against CST.How Should the Trans Accounte in Tally Entry

Party Delhi Dr 100
Sales CST Cr 98
Ac Head for Cform or CST Cr 2.00

The party has said we will give C form against Sales Tax Pleas Give the Entry for tally and procd. for C form and its Importance.

Is depreciation is allowed on land site development expenses? If yes, then what is the rate of depreciation?

Thank you sir,

also please let me know

cost price 0.070 and selling price .800

what is this
cp 0.070 - sp.800 =0.730 = 73% ??

any calculation is there like this, how to say this.

REg.
Sridhar K

Sir,

please clarify the below problem.

cost price 0.070 and selling price .800
Gross profit margin is 91.25%

product margin 0.070 - .800 =0.730
margin = 73%

Gross profit is ok.
product margin also we need to calculate?
my manager shows this format.
is it correct? pls. explain.
Awaiting for your valuable reply.
Reg.
Sridhar K.

My query is as follows:

If a organisation can utilise only 85% of credit availed on input services, then will the bal 15% be expensed out?

For eg:

Tel exp = Rs 100
Service Tax = Rs 10
Total Bill amt = Rs 110

As per CBEC, input service credit that can be availed is Rs 8.50 only.

Will Tel exp be debited in accounts by Rs 101.50 or will it be debited by Rs 100 and Bal Rs 1.50 be kept in service tax Cenvat Credit)A/c ??

Please reply ASAP.

account rules

My client is developing a SEZ for which he is taking the assistance of a co-developer who would administer the whole project. The construction would be complete in 3 years after which the luxury apartments in SEZ would be sold out. During construction period the client would pay 5% of project cost to the co-developer. What would be the treatment of 5% of project cost paid during construction?Whether it should be included in cost of project which would be shown as Capital WIP during construction period and later as it is it would be debited to P&L A/c at time of sale.

we A limited company falling under criteria of "level 1" enterprise of accounting standard. we have three subsidiary. our company is not a listed company. whether it will compalsory to prepare audited Consolidated Financial Statement? under which law?
Further we have also a foreign subsidiary as on 31st dec 2009. But we will divest our investment before 31st March 2010. What would be implication in our accounts for that foreign subsidiery for the FY 2009-2010?

Can any one please tell me why in preparing abnormal loss account, the account is credited with cash (as sales proceeds) multiplied with scrap value of "normal wastage". and abnormal gain is credited with normal wastage- with the amount arrived by- abnormal gain (in units multiplied with scrap value of "normal loss"?

can any one please teach me the logic behind this?