Hi! all.plz solve my following query.
what is the treatment of credit note of the freight issued by seller to buyer in case of FOR contract in which freight is paid by buyer at destination on behalf of seller and seller in turn issues credit note to buyer for this.

Please tell me A/Cing entries in books of seller and buyer.

what should I do?
If i given advance to employee & His cheque payment amount is deducted advance.

Suppose A is Employee, & I given advance Rs.1000 in cash. Now at the time of salary I payable to Mr. A Rs.10000/- But I paid Rs. 9000/- in cheque payment after deducting Adance. What should be the entry in tally for this effect.?

Please note that the holding company constructs a building for the subsidiary Company at cost + 10 % margin.
For the Holding company it is a part of the Turnover where as for the subsidiary Company it is a Capital Expenditure.

Kindly advise the treatment on Consolidation of accounts.

what is the journal entry of dishonour of cheque in the books of both issuing & receving party ?

What is Debit & credit note ?
What are the conditions to issue debit
& credit note ?
what are the journal entries for issuing debit & credit note ?

My friend is running a soleproprietorship concern for the past4 yrs. he has availed OD for the business purpose & housing loan for his aquiring a house. The interest on OD is debited to p&l account under finance charges & interest paid on housing loan is debited to his capital account.However,both the loans are serviced through his business account. What would be the effect on profit/NW of the concern if the interest paid on housing loan is debited to P&l Account? Is it correct to debit the interest on HL to Capital Account?

is there any difference between Networth & Tangible Net worth?

Whether payment for expenses made in F.Y. 2008-09 for expenses incurred in F.Y. 2007-08 is allowed as an expenditure in F.Y. 2008-09.No provision is made for the expenses incurred in 2007-08.Also please specify the applicable section under I.T.Act,196

Hi,
I was working on Tally 7.2 in educational mode while posting sale entries my computer turne off because of power failure. I tried to rewrite the data but when i work in particular month in which i was working it hanged. pls. help

Pls provide steps to scrutinize trial balance