Hi,

Please tell me our company is purchased diesel for more than Rs. 20000/- in cash on site in single day from common petrol pump for genset. Is it disallowed? Payment made for electronic work for more than Rs. 20000/- is allowed or disallowed? Our company is a construction company.

On the entire long term capital gain which I had availed exemption in sec 54on invest in new residential property where I sold with in 7 months from the date of purchase 50percent of the above residential property what will be the consequence

I need exported journal entries of a company for helping me in learning tally9 ...please attach here exported jounal entries file of any company or please mail on my id raushankumar0239806@gmail.com. .its urgent plz

what is the difference between overriding preffrencil creditors and prefferencial creditors...

guidance note no depreciation

how goodwill is an asset ?

Dear all, Could anyone adive me the journal entry for the below situation. Mr X owns 2 companies(company A and company B) and he purchased to 2 Machines for business. however, he issued cheque belongs to Company A. As he purchased two assets for both the company could you please advise the journal entries to be posted in Company A and Company B.

Sir,
I m unable to get the same residual value , if I use the formula of Schedule II.There is difference in That.I m getting issue for calculating day wise Depreciation..

i.e., If I purchase asset of rs. 1000 on 01.12.2014 having 3 years of life.Residual value is Rs.50 .What will be depreciation for 3 years.

Please guide me for Calculating depreciation , i we purchase asset in mid of year..

Thanks in anticipation.

Hello All,

A company can not pay rs. 20000 to a party in a same day. But when we have to purchase something for office in another city and this is expenses i.e. spare parts for machine etc. and have to pay immediately because that party is not our supplier. So in that case what should we do? Can we pay more tha limit: i.e. rs.100000

I have purchase one residency hose of Rs. 75 lacs, and loan sectioned for 50 lacs. so can I get deduction of 1 lac under intrust of housing loan. Thanks in advice..