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Anonymous
This Query has 1 replies

This Query has 1 replies

Dear Sir/Madam,

I have query that we have bought machinery from china @ USD 21000. we have done payment in two different install, when we paid first amount USD-5,502 that time $ value is Rs. 64.37 and second installment we have paid USD-15498 @ Rs.64.86 per dollar.
but in Bill of Shipment we have received machinery of USD- 21000 @ Conversion Rs. 64.50 per dollar. Now tell me that what will be journal entry for that transaction and what will be amount in foreign exchange loss. its Urgent.

Thank You


pinley rods
This Query has 3 replies

This Query has 3 replies

19 August 2018 at 21:01

Sundry creditors

Can sundry creditors be paid in cash in tax audit case??


Mahesh
This Query has 2 replies

This Query has 2 replies

16 August 2018 at 18:14

Prepaid expenses

Sir, Pls tell incase of AMC amount (prepaid expenses) paid in Jan month for 1year period say amount Rs.24000.
How will be treated in Accounts books every month for 1year period.


Mahesh
This Query has 3 replies

This Query has 3 replies

16 August 2018 at 17:16

Eefc euro account for a pvt ltd company

Sir, Pls explain the benefits of keeping the bank EEFC Euro Account for Doing export and import in Euro countries than Bank Current or CC account.


Mahesh
This Query has 4 replies

This Query has 4 replies

13 August 2018 at 16:52

Prepaid income and provision for income

Pls give examples for Prepaid income and Provision for income.


Mahesh
This Query has 3 replies

This Query has 3 replies

12 August 2018 at 20:30

File income tax return for company

Pls Explain the steps to file income tax return for a existing Pvt. Ltd. Company.


Mahesh
This Query has 3 replies

This Query has 3 replies

12 August 2018 at 20:28

Income tax return file

1.Pls explain the steps to file income tax return as a first time individual (Pan Number available)



Anonymous
This Query has 1 replies

This Query has 1 replies

11 August 2018 at 18:07

Income on investment

WHAT SHALL BE THE ACCOUNTING ENTRY FOR INCOME RECEIVED ON INVESTMENT BY BUSINESS PROPRIETOR,,,

WHETHER INCOME RECEIVED SHALL BE CREDITED IN CAPITAL ACCOUNT (BEING PROPRIETOR'S PERSONAL INCOME) OR IT SHALL BE CREDITED IN P& L ACCOUNT....

KINDLY NOTE ABOVE QUERY IS IN RELEVANT TO INCOME TAX PURPOSE

THANKS...


bommana jaganmohan
This Query has 2 replies

This Query has 2 replies

Dear sir,

I am working in a company. There is a issue in preparing Form VAT 240 for FY 16-17.

As per VAT Returns sales return in May-2016 (Rs.1,05,00,250/-) is not considered in Financials as well as that entry not reflected in Accounting Software Tally also.

Can i disclose it as a prior Period Item in the Financials for the current period. Kindly suggest us how can we move forward?

Thanks in advance
B. Jagan


Rushab Dave
This Query has 1 replies

This Query has 1 replies

10 August 2018 at 12:28

Stock maintanance

Sir My business is running from 4 years, and I Maintain account in tally, But I never maintained the Stock In Tally from last four year. I will only pass the entries in accounting voucher. But Now I released that I have to maintain the stock from this financial year august month. But I Did not understand the process to start stock maintenance from middle of the month. What can I do , please tell me the ideas






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