WE HAVE PURCHASED SOME PAINT AND USED THAT PAINT IN BODY SHOP IN CAR REPAIRING . SO HOW WE WILL DO THIER PURCHASE ENTRY AS CONSUMABLE AND AFTER THAT HOW TO ADJUST IN BOOKS OF A/C AT END OF YEAR

A co. has to receive rent for the month of march of Rs.20000 out of which Rs.2000 will be deducted by tenant and 18000 would be received.

how to book receivable entry of this in the month of march. The concerned person has booked as:-

Rent receivable Dr...............20000
To rent received.......................20000

is it right????????

what is the treatment of redemption of mutual funds or where should i show the amount received from redemption of mutual funds.

Recently we take project from company X and at the time of payment made by company X he deduct TDS from bill but how this entry made our ledger tally

Hai,

we are now entering central excise, (manufacturing unit), we billed as follow

assessable value - 100
excise duty - 12.5
total - 112.5
vat@5% - 5.625
nett total - 118.125

in this we calculate the amount for sales tax return (assessablve vale + excise), but at the time of posting in tally - it takes only assessable value only - kindly advice me in this regards

waiting for your reply

if advance given to supplier now i need to w/ff that amount what entry i need to pass ?

what is the depreciation rate for computer as per companies act 2013 ? and as per Income tax act ?

how to enter vat in tally?

i have prepared a sales invoice on which vat 12.5% is charged so when i enter in f8 in tally i put the vat rate while i select the items but it in not being calculated. please help

How can I pass IPCC in first attempt........

Pls. clear that new depreciation as per comp. act 2013 compulsory for fy 2014-15 & how will be calculate the depreciation.