maintain book keeping

How a deficiency account to be closed in final accounts In the books of accounts

Dear Sirs, We don't have stock records in tally for last year. But now ,we want to maintain stock records in Tally ERP 9. We are in manufacturing industry. If we enable the stock option, we have getting difference in last year Op & Cl stock. So,I request you to please provide us the solution to maintain stock in Tally ERP 9.

we have deposited cash with our education loan account br rs 2.1 lac and account closed, we have not shown in Itr. can it be revised it how to compl y (2) in case of cash deposited in overdraft account in view of cash sales proceed during demonitization of high value notes

Dear Sir,

My doubt is that whether a customer can deposit direct cash into the company account (Automotives Pvt. Ltd) rather than by Bank Trf.. what is the treatment.

please answer my query as soon as possible.

A partnership firm has started installing Plant and Machinery in F.Y. 2016-17 but installation is not completed till 31st March, 2017 so production was not started till 31st March, 2017 and production is start in July 2017. Firm paid interest on capital to partners on their capital investment in firm for purchase and installation of Plant & Machinery and construction of factory building. Whether interest paid to Partners on capital for above purposes is treated as capital expenditure and capitalized the same in firm books of accounts or treat as revenue expenditure pls. reply

what is debit interest capitalisation in OD bank account..? and how to pass Journal entry...?

sir pls inform that our company pay postage & courier exp and courier company charged GST 18% than we can take gst input credit.

Dear Sir / Madam/ frds, One of the assessee had made some mistakes in tally, so that its opening balance of many ledgers during P.Y. has been changed. Remaining all other transactions, payments & receipts are posted correctly. Now I have to change the opening balance of wrongly entered ledgers as in the actual books of accounts. If I directly try to change it, it shows "Difference in opening balance". Then how do I change it. Plz share your ideas please.... Thanks / Maya..

Dear sirs,

Someone can please clarify that purchase of un-productive cow (unable to give milk and new babies) will be considered as capital or revenue expenditure as livestock is considered under capital expenditure.

As per our understanding revenue expenditure mean that any purchase whose utility is less than one year will be booked under revenue.

Regards