Accounts QnA [Resolved]

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VIJAY DESHMANE

This Query has 1 replies

17 February 2025 at 14:55

Annual function of school sound system, lighting bill Rs.69000/- which sec TDS section deduct tds

annual function of school sound system, lighting bill Rs.69000/- which section TDS deduct on payment & rate of tds

Daya

This Query has 1 replies

17 February 2025 at 11:25

Money Blocked by Bank for IPO but share not alloted by IPO

Money blocked by bank for share of IPO but shares not alloted and amount refunded how to make journal entry in the both case while blocking and refund of IPO money in books.

Daya

This Query has 1 replies

17 February 2025 at 10:46

Journal entry for money applied for IPO but alloted shares

Money applied for IPO but shares not allloted How to Make Journal entry in the books of accounts.
Money apply by bank Rs. 50 Lakhs. but shares not alloted

Daya

This Query has 1 replies

16 February 2025 at 18:45

What is term Deposit and Term Loan

what is term deposits and Terms Loans.

Daya

This Query has 1 replies

16 February 2025 at 18:34

What is consumables

what is consumables in production activities.

B.R.Vinod kumar

This Query has 1 replies

12 February 2025 at 10:53

Dear sir,

One of my client doing computer selling business. For him process is raising invoice in tally when they made sales, but in purchase there is some issues, they are up dealers, they get materials 100℅ but they have to repay to hP for 4installement. So invoice getting quarterly. In is tally facing issues in profit and loss account. Example sales is 100. Purchase is 40. Sales is 100 but purchase get invoice 10.profit is showing 90. But correct one is 60.

Please tell me how to maintain the correct profit and loss account in tally.

Regardcinod