Dear Sir

what is the difference between single and double entry system ?

which is better to handle account?

pls let me know?

IS PURCHASE ACCOUNT IS PERSONAL OR NOMINAL ACCOUNT IN MY KNOWLEDGE PURCHASE REPRESENT THOSE GOODS WHICH ARE FOR RESALE PURPOSE SO I
TREAT IT AS A REAL ACCOUNT IS IT TRUE...

We purchased pvc pipes from unregistered Rs, 29500/- by cash with regards V Ramanjaneyulu

Dear All

My query is regarding Foreign Currency loan transactions & balance in FC loan a.c
1. i converted each transaction in dollar to indian Rupee using transaction days exchange rate -- is this right
2. closing balance in Dollar i converted in to INR. The difference in existing balance & the balance by converting Dollar closing balance recognised as profit/loss as the cas may be.--- Is this right ?

Shoul we recognise the differnce between Foreign Curreny loan & the equivalent indian rupee as Profit /loss on exchange difference on CLOSING BALANCE

Please advise

Thanks in advane

if one is purchasing scrap electronics items and after doing recycle of goods then he make sale ... my query is what type of business service or trading should he file sales tax return or service tax return in Delhi state

Hi Everyone, I have completed my CA Final in this May 2014 attempt. But still I have not obtained the right job.At present I am working in a CA firm on a salary which is very less as per the reputition of our profession.In the Campus I was just only selected by GENPACT for odd timings and I didnot want to start my carrer with a BPO at that point of time. So I want your guidance how should I explore my carrer further.What type of courses I should do or how should I improve myself to get a good job.

Sir,

Purchase table of rs. 20000/- in cash at home,
Amount paid from company petty cash

what entry made in tally & group

Under AS-9, I have reversed my Sales of current month as the same has not reached the parties.now the Question what about the freight expense which I have already incurred as the material is already dispatched by me.

Should I show the incurred freight expense as Prepaid freight and book the expense in the next month in which the sales in realized.

OR

Should the freight be booked in the month of dispatch.

Please give relevant provision or AS on the base of which you are suggesting the solutions

Dear Sir,


how to entry in tally properiter purchase new vehicle and outside accessories bill. Example: - purchase carpet met for vehicle

how to entry in tally with ledger and group

A trust wants to organized blood donation camp, This will required Around Rs 50,000/-. Trust does not have that much amount of money. So one of the trustee is ready to contribute for this fund. Now what will be the accounting for this transaction?
One Effect will be In Capital As Trustee contribution will go in Trust Capital Account.
Second Effect will be In Expenditure Account-As Money utilized for the object of the Trust.
Net Effect will be Loss of Rs 50,000/- in trust income and expenditure account.
Is this effect is correct?
Your advice and suggestion are highly appreciated.