Dear Concerned,

I have received a debit note from my supplier for freight charges, now they are asking me to give the credit note for that, if we really need to give credit note for them how can I account that in tally?

Dear Sir / Madam,
I am the owner of my concern . I have purchased new building. Is my own building which cover under depreciation as per company act. please reply my query.

When there is a change in presentation/classification of items of financial statements, comparative information are also reclassified and the nature, amount and reason for reclassification.

Sir I have doubt in above statement.

For example in 2016-17 financial statement receivable classified as non current and in 2017-2018 classified as current.. but as per above provision in comparative financial statements (2016-17){whether can I change non current to current or still it is shown as non current?}
Because, as per above provision if there is any change in presentation/ reclassification comparitive information also need to be changed.

Company purchased foreign currency and accounted same as Foreign travelling expenses of directors by passing a board resolution that directors are allowed to use upto 500$ per day for as travelling expenses

When subsequently the director sold the foreign current whether the same to be credited to Director travelling expenses or profit/loss on foreign currency to be accounted separately

Regards & Thanks

Dear Sir, My proprietor has building a new building.my question is the cheque is given to x of rs 56000.00 to construct new building.how can i make journal entry and for which head? drawings or Land account? please reply

One of my client had availed loan of Rs. 20 lacs in 2015 and later on defaulted in last 12 payments amounting to Rs. 5 lacs appx. After discussion with lenders both agreed to settle the same for Rs. 4.50 lacs. The company paid Rs. 4.50 lacs and settled the a/c in books of lenders and also received the NOC. Now balance Rs. 0.50 is outstanding in loan account but it is not to be repaid. Please guide as to what should be it's accounting treatment. Which entry should be passed in books of company to close the loan account.

Please guide

Thanking you in advance.

Respected sir
We have taken office premises on rent for period of nine years
We have done renovation work for colour work of office electric work etc
Whether we can capitalise this two expenditure as a rent payer or we have to charge to revenue ?
Can we claim credit of GST if it capitalise to building account we have not made construction of buildings
Thanks In advance

building tax comes under which head in tally

My Query is that whether Play Stations/ Games installed in Office Premises for rejuvenation purposes should be capitalised as fixed asset or not? I

How can I enter opening BRS in Tally 9