Dear Experts,

We have closed the our company accounts and all accounts finely closed and i have making trading, P& L and BL but our company loss something 2 lac and that loss i have adjust so can i journal entry passed in tally regarding the loss ?. If passed the entry so how do the passed out the entry in tally. plz help me.
Note :- Our firm is proprietor firm and proprietor capital is 10 lac.

Many thanks to all experts in advance.

Thanks & Regards
Lakhan Madne

Dear Team,
can any one help me Employee advance come under whish Accounts Head? it is unders Prepaid exp for Cash and bank. it is balance sheet part I am right?

Harshal konde

Dear Expert,
Tenders are invited through e-tender.Interested
Individual Bidders have to submit positive net worth certificate for the latest year.
But in stead of Net worth certificate he has enclosed I.T.Return with balance sheet report and solvency certificate.
Can it be accepted?

i taken a loan on 1/04/2014 Rs.200000. @ 12% from relative.that amount repaid Rs.200000 on 05/05/2014.but we did not pay interest still day . I have to pass journal entry in my books of account . so i requested you tell how to pass journal entry and what amt i have to pay to my relative ?

If we purchase chairs of rs. 8000/- for office use so it will be consider as a assets and should be posted in furniture & fixtures or should be consider exp. and posted in office exp.

The Audit fee for the FY 15-16 for our society is 10,000+ST=11,450. While making provision entry we have to show TDS and need to remit it before April 30 ?. I searched this matter in our site but I am in confusion. Experts kindly carify the same as it is useful for all. Kindly clarify the below which entry is correct.


1, Audit Fee 11450
Audit Fee payable 11450


2, Audit Fee 11450
XYZ 10450
TDS on Profession 1000

If I have purchased 3 Laptop of Rs. 160000,After some days MS office software purchased of Rs. 78,000/- and Tally software of Rs. 10,000/-,what would be the accounting treatment in financial books of accounts.If software to be capitalized then what would be impairment

Example

Mr. X(Importer India) is given advance with Exchange rate(61.47/$7600 and 61.82/$27650 two times paid) in PY(2014-15) to Mr. Y(Exporter chaina) and final amount paid in CY(2015-16) with Exchange rate(65.055/$3800). now how will calculate exchange loss or profit, how will shown in our accounts that exchange profit or loss and what is the asset value.

could u plz tell me the journal entry for the following...
TDS receivable in F.Y. 2012-13 on Commission
Tds receivable = 12500

If i receive only 6500 in the next year from ITD and the balance is yet to be received, then what amount of TDS rec is to be shown in Balance Sheet???
N plz tell me that do we have to pass TDS received entry Thru Capital A/c in proprieotrship.

Hi,
We are paid supplier bill after deducting TDS as per rule. But my query is some vendor send their bills after the quarter end.for example supplier is send their 1st qtr.(1.4.15 to 30.06.15) bill on 15th july 2015 and we are accounted and paid them on 15th july after deducting the TDS. and we deposit the TDS amount on 1st of August 2015.Now my question is when we file the TDS return it is comes on 1st qtr return or 2nd qtr. return? Is this the right process to do?