SIR, I WANT TO KNOW THAT IF I HAVE SALE PRODUCT IN CASH & SAME DAY I DEPOSITED SAME AMOUNT IN BANK THEN I BOOK IN TALLY TWO ENTRY WHICH IS RIGHT :
BANK DR SALES CR ( CASH SALE & DEPOSIT SAME AMT. IN BANK )

OR

CASH DR RECEIVE CASH AGAINST SALE
SALES CR

BANK DR DEPOSIT IN BANK
CASH CR

In case of Take Over of a Company (on Intrinsic value basis) " If Transferor Company has Miscellanous Expenditure Prevailing in its Balance Sheet then while calculating Share Price on Intrinsic Value (I.V.) basis should we deduct the said Miscellanous Expenditure from Assets (as we deduct current liabilities, loans etc)"

Please Help

Due to Wrong Entry in Previous year Closing Stock was taken as 750000/- instead of Rs. 250000/-.How to adjust it in current Year?

please distinguish between CC account, CA account. please elaborate pledge account.

How the benefit of duty availed under EPCG scheme is to be shown in books of accounts

Dear Sir/Madam,

We want to capitalized ELEVATOR but don't know Nature of Asset and Useful life.

Kindly suggest for the same.

Regarsd
Mitul Shah

Dear Sir, How to i update my self in accounts professional bcz i have 8 yrs experience and my educational qualification is B.A & M.A. if any course to update my self so please suggest. Regards

Hoarding Board expenses incurred of 300000. Weather is it capital or Revenue expenses
Thanks in advance

1)please can anyone help me that whether depreciation is charged on land or not and clarify with reason. 2) please can anyone help me in clearing concept of accumulated depreciation. why we use sometimes accumulated depreciation instead of depreciation. please explain in your simple language and not in law language.

When should we make liability entries in case of expenses. Is it necessary for cash payments