Anyone who share or link the Financial statement format for new companies act 2013 with specific schedules.

1. What will be the journal entry of service tax liability of Rs 1000 + 20 + 10

What is meaning of bank reconcilation & it's working.



Eagerly waiting for feedback.

1. What will be journal entry if we can purchase the material from X party Rs 1000 + Excise duty 12.36% + VAT 5%

2. What will be journal entry if we can Sale the material to Y party woth Rs 2000 + Excise duty 12.36% + VAT 5%

Waiting for feedback

We are a company X made sale invoice in the name of A. But its payment given by B to the seller company X

then my question is that how the seller company account and also is there any legal complication on this matter I mean whether it is legal or not kindly give your opinion

H'nable Sir & Dear Friends,


I want to know about accounting treatment of octroi & freight Expenses (O & F Exp.) on following cases :

1. Expense paid by us on Purchase of Goods & such expenses added in Purchase Invoice.
:- Can I consider as direct exp. or Including in Purchase amount?

2. Whenever Goods sold to Debtors, issue Sales Invoice & in such invoice added O & F Expenses which was paid by Debtors.
:- such exp. include either in sales A/c or less from O & F Exp.(which showing in P&L A/c)


Note:- Not levy VAT on O & F Exp. in both case Goods Purchase & Sales.


What if VAT levied on O & F Exp., in this case your suggestion will changes.

Sir,

i need to pass an accounting entry for an educational institue, where income is shown on receipt basis and fee is received in installment. i need to open the account of every student so that i will easily recognize the undue amount of student. for ex. if any student pay fees 3000, and course in which he is register is 16000 so the outstanding amount id 13000 in student account.

Hello

Could any one please tell me the networth of a company in the following case?

Equity 15Lacs
Retained Earnings (10lacs)
Longterm Liabilities 25 Crores
Current Liabilities 15Lacs

Fixed Assets 24 cr
(Capital Work in progress)
Current Assets 1.2 Crores

Please suggest

Thank you

Dear Sir,
please tell me what is the journal entry in Tally, for an asset purchased on EMI Scheme through using Credit card.

2.I have purchased a mobile phone cost-44000 from star mibitel ltd,and in my credit card statement shows following
09/04/14 star mobitel ltd. 44000 and on
11/04/14 Aggregator EMI- Offus 44000
I am confused whta is the meaning of this and what should be the journal entry for this in tallyERP.9.

what is the accounting treatment when sales invouce issuing on one name but its payment making by another firm on behalf of that sale invoice issued firm

what is the legal implication of this transaction is it illegal or not

how to do legal this transaction that is bill receiving by one firm but its payment make by another firm

purchase is booked on exchange rate of say 110 considering rate used by bank in lc, but actual rate is say 119 which is fixed rate betn two currencies and payment is also made using this rate, is the treatment of rs. 1 charged to forex gain/loss correct, I am cofused as the exchange rate is always fixed betn these countries, only difference waas due to rate taken using lc rate for purchase