hello all,
We are using tally ERP9. and also main inventory in this.
we are face problem that is "purchase bill to come" show in Profit & loss A/c
we want to remove this.
kindly help us.

Sir/ Madam.

If we have purchase a new Air Conditioner and top-up gas in to the same then the topping of gas to be include in Air Conditioner cost and capitalized the same or gas topping book as the maintenance cost?
Thanks

Hello Sir
I have received a legal exp bill for rs.40000/ from advocate under which legal fees is 30000/ and misc exp is 10000/. What will be the entry in tally.
Pl advise.
Regards

I have query about ifrs . What is the ifrs .

The company incurred a loss in FY 19-20 Rs 10 Lakhs. This was the first year of operation for the company. The book loss as well Income tax loss is same.

Whether the Differed Tax Asset has to be created for FY 19-20 in the books?

i can open the following accounts under current accounts
For Debtors ( service provide and sales ) - Accounts Receivable
For commission income
Commission Receivable
For Interest Income
Interest Receivable
For Rent Income
Rent Receivable

Whether it is mandatory to disclose interest accrued on fixed deposits as part of other Bank Balances or it is allowed to be shown as part of current asset separately.

We as importer will raise LC in favour of foreign supplier. Conventionally, signed PO + Order Acknowledgement with bank account details are required for writing LC. However, suddenly , concerned team additionally ask an invoice in the form of a statement which will specify (i) the
material to be supplied and (ii) the amount payable through LC as per the
order with complete bank details.

As supply will take place after one year, is it justifiable to insist on Invoice- which supplier denies.
Please guide
Rgds
Jayanta
7.10.2020

Can we make reverse entry of fixed assets which was not recorded in our books but wrongly recorded in books when sold and make profit.
Suppose we bought a AC but not booked it in books but when we sold it we recorded its accumulated depreciation and fixed assets. Now there is a difference of actual assets and books recorded assets. How can treat it.

Hi,
Can a Partnership Firm get its Accounts Audited from a CA before completion of the Financial Year. And what are the conditions.
Details are as under:
Date of Formation- 15/07/2020, Industry: Film Industry, Purpose for Audited Balance Sheet: Subsidy from State Govt, Audited Accounts needed: Till 15/10/2020, Film completed but will be released/ Sold to other party in Jan-2021.
Please suggest
Regards
Sushil