How to maintain accounts for bakery in TALLY ERP9 is it neccessary to create stock item? is it neccessary to maintain stock journal? is it necc. to post production entry? pls advise step by step creation of heads of ledgers and inventory details.

Read more at: https://www.caclubindia.com/experts/how-to-maintain-accounts-for-bakery-1302879.aspai

Please inform me in details the concept of HYPOTHECATION & MORTGAGE with example.

If employer gives commission to his employee so tds will be deducted u/s 194H ? What will be rate of tds in such a case ?

I have transferred the amount of Rs 975000/- from Bank of Baroda to SBI through cheque of Bank of Baroda. Cheque dt 11.04.2020 . I have send the cheque to Bank on dt 13.04.2020. SBI has credited of Rs 975000/- on dt 15.04.2020.

Which date to be considered for accounting entry in Tally.

we have done export FY - 19-20, MEIS,TMA, Duty Drawback is not recieved. Entered in ballance sheet or not.
which head showing in ballance sheet?

Where is it written about lease equalization reserve in AS 19 for operating lease where i have an escalation clause over the entire rental agreement ?

Point no. 9= The balance brought forward should have been Rs. 639.
Solution = Adjusted of balance brought forward Rs. 450 shown on debit side of amended cash book.
Illustration number 9 page number 164
11th commerce CBSE board
Unable to calculate this amount please do help

Can HUF ac get benifit of senior citizen FD rate of interest in banks if kartha is senior citizen

we are importing raw material & we have to make payment in US$ from our INR a/c. My query is e g If I want to make payment of US$ 50,000 to the foreign supplier, in payment entry which forex rate I have to take? Because in RBI site shows both buying & selling rate. Hence can i take average rate of diff between buying & selling rate.
Pls explain & advice.

Thanks,
Anjan Mehta

Hi, Recently Government of India announced PF Employee and Employer shares will born by Govt if Gross income below Rs 15,000 /- or employees below 100 Members. How to bring Government paid PF amounts in books. What are the entries to be passed. Please Guide me.