In computing profit of non profit organizations, the following adjustments is making me confused can any one please help me?

On receipt side- sale of furniture on 30.9.99 is 9000
payment side- furniture purchased on 1.10.99-5000

Additional information:-
Book value of furniture sold as on 1.4.99 was 12000. Depreciation is 20%p.a.

Sir, by book value we mean after adjusting depreciation is int? then how is it given that depreciation is 1200 and 500? then loss on sale of furniture as 1800.

Can you please help me Sir? Also can you tell me how will it be shown in balance sheet ? Please help sir.

After feeding the entries or items under perticular units of measurement in Tally package how to change the units of measurement without deleting of earlier feeding entries or items.

Plz give solution to above

if a company dig a pond for handling of ash what should be treatment of this expenditure wether it should be capitalized or charged to revenue. huge amount is involved.

Can anyone t'emme what does Swap Contract, Forward Contract, Future Contract & Option Contract mean in detail plz!! I actually came across these terms while working out Cash Flow Statements..

sir i m on audit of IOCL, they are capitalising insurance spares.As we know insurance spares needs to be written off during the life of asset to which it belongs,this means dep will be charged retrospectively, but i have a problem that what should be done with the depreciation which relates to previous years.will it be treated as a prior period expense in the P&L?

what is capital reserve ?what is its use?

how to convert data of tally 7.2 to tally 9.0

When do we need to make provision for gratuity in the books of accounts ?
- when the employee completes 5 yrs of service, then we need to provide in books of accounts OR
- when the employee joins the co & we start paying him mthly salary

Pl provide clarity on same ASAP
thanks in anticipation

Sir, in case of goodwill, where the book value is less than the face value, ie30000 is the book value and 50000 is the revalued value, and there are k,l, and m as partners sharing 5:3:2 p/l, how is it accounted where the goodwill is to be written off?

On the retirement of L, N is admitted as new partner.

Instead of writing off 20000 among old partners, how is it that they have illustrated by writing off 50000 itself among k,m, and n?

similarly they have illustrated another sum having book value 40000 and full value 56800, and having A, B, C as partners, and A retires and 56800 is shared between B and C in their ratio. can you please explain me the concept behind this?

The concern i work is into trading of goods which are partly sent on consignment to different cities in india & partly local sales.

We are using tally 9. I want to learn journal entries of consignment sales using tally.

I request the members of this club to provide me with journal entries using tally along with ledger creation ( groups under which accounts like consignmen a/cs to be taken).

I also want the sales tax treatment of consignment sales.

I referred to b.s.raman & shukla & grewal text books but couldn't do the entries in Tally.

please kindly provide me a solution.