Dear sir

i working in llp firm,
here working is internet solution so i need help about the entry when i purchase the service but there is no product so what is the entry on tally
for example: purchase from A party 425 + st 59.50 + sbc 2.13 + kkc 2.13

Why stock movements are not recorded in accounting books?Why inventory valuation is done as a year end activity? Why inventory is disclosed at Market value or Cost whichever is less? If market value of inventory is less than “cost” how does you record that difference?

i am really confused about ..what risk weights are applicable in nov 16 ipcc examination please help me.

Q1. Ashok purchase goods for rs.1lakh.As per terms, if ashok made full payment within 20 days, he will get a cash discount @2.5%. Ashok paid rs 50k within stipulated time. How much discount will he get?

plz help me I am not able to understand AS-22 ,15and 11 if anyone has simple concept to explain them plz share

Sir can different method of depreciation(SLM & WDV) can be followed at different unit of the same enterprise

Mr. X is a partner in a Firm getting salary of Rs.60,000/- and interest on capital Rs.48,000/- p.a as per partnership deed.
Mr.X has also a proprietorship business.He wants to treat the salary & interest as follows:-
1. He wants to credit the salary & Interest of Firm in the PL a/c of his proprietorship business.
2.He wants to add the Salary & Interest of Firm in the Capital Account of his proprietorship business instead of crediting it in PL A/c of his proprietorship business.

In the partnership firm he has already added his Salary & Interest to his capital Account.

Whether any of the above two treatment above 1 & 2 is correct or Wrong?
Please give your expert advice.

Regards

A car the w.d.v. of which was 105000 was exchanged at a value of Rs. 170000, for purchasing a new car of Rs. 650000, 480000 was paid through bank, what will be journal entry in tally??

Sir please tell me what type of expense is income tax and EMD

RESPECTED ALL
FOR CALCULATION OF GOODWILL IN A PARTNERSHIP FIRM BY AVERAGE PROFIT METHOD,HOW MANY NUMBER OF YEARS .EITHER ACCORDING TO LAST REVISED PARTNERSHIP DEED OR OLD PARTNERSHIP DEED?


WITH REGARDS
BALU