Hi

We had open new firm from two Pvt Ltd companies.

my quires is i had open new bank ac with deposit 10 k, hence when i create bank ac in tally with putting 10k in opening balance, but when i checking trail balance there is shows diff in opening balance from same amount.
how i can tally this diff or what are the entries pass in tally when we create new companies

Kindly suggest it urgent.

Thanks

I want to know who can deduct tds ?

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Dear All,

My query is regarding the accounting of entry tax.
1) The client is booking the entry tax as expense under Repair & Maintainence and not under the cost for the product purchased. Is the accounting treatment correct or whether there should be any separate head for entry tax ?

2) Whether entry tax will be booked on purchase basis or consumption basis ?

Kindly clarify.

I Purchase a Car Rs 1238327 ,including vat
Registration fee Rs 4300 insuarance fee 36578
Road Tax 154791

We have car loan Rs. 1050000 and cash paid Rs 384176
Dear sir how to i paased the entry in tally and kindly describe which are all the accounts need to create under which heads in tally.
( Car purchase for business purpose )
Plz reply me soon.

If our purchase vat is more than sales vat then how to make entry in tally if our sales tax payable negative.

try to solve it sirs
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Dear experts i have not submitted form 112 in time specified by ICAI what are consequence i have to follow for delay and any other form i have to Send to ICAI to obtain permission and whether i have to bear any penalties for the delay is continued by my side is above 180 days.