Can someone shown withdrawal amount from his business after the end of 31st march of preceding year (after 4-5 months and after preparation of accounts) on accrual basis without cash or bank transaction.

Hi, My name is amit kumar. I want to know that how we can maintain an accounting of online grocery websites. we have an third party inventory. he purchase it from third party we we receive the order from party. we have around 5000 grocery products. we want to create master in tally without one by one entry. we have an another issue which is that which prices we have showed on our website these are variable they change time to time.

Dear Expert,

Our client (partisanship Firm)is in trading business for that business principle manufacturer ("PM") incurring some marketing and promotional expenses, these expenses.

In this promotion activity there is no out flow or in flow for our client, consultancy firm will incur all promotional expenses and they will inform the amount to our client at a point of time,inturn the same will inform by our client to principle manufacturer (PM) then PM will issue cheque to our client and after credit of that amount our client will issue cheque to the consultancy firm. here our client is just a middle man and not receiving/ paying any additional amount here.
Now, my query is can our client treat the amount received from PM as income? if so which kind of income it is??? and same amount will shown under business promotional expenses...or else what is the correct treatment for this transaction.

Note: PM is not having any capital/Investment in client business

Hi, One of my clients accounted purchase of RAM, graphic card, mouse etc under the head purchase accounts instead of accounting under fixed assets or computer maintance. They also filed VAT for the same thinking those come under purchase account. Now how to rectify it? especially from tax perspective

Sir, please explain the difference between Cost of goods sold/cost of sales and Cost of production in detail???

dear sir, we have taken a transportation service he is made a bill detail freight charge 100000 service tax 3500 total amount 103500. so I want deduct tds so please tell me which amount will I deduct TDs @2%.

if I invest 500000 date of 1st June 2015 for one year in FD & interest mod annually or quarterly so which finicial year i have paid tax,2015-16 or 2016-17

How to Record Transaction for Import and Export and which rate has to be considered ??

PLEASE EXPLAIN IN DETAILS PREPAID EXPENSES, ACCRUED INCOME, ACCRUED EXPENSES WITH JOURNAL ENTRY AND EXAMPLES

My attempt is in nov 16 .whether i should take accounts tution as i have heard that there is lot of modification in accounts.or do it from old classes avaialable