i using tally for book keeping....my query is
if i given 10000 rs to mr.salman for mumbai site....i made the entry for this is
dr.advance against expenses and cost centrebin mumbai project-10000
cr.cash ac-10000.
is this right?

In dissolution of partnership firm, why are the assets transferred to debit of realisation a/c and liabilities to credit of it?

Hotel bills exceeds more than one lac in year. travel agency bills for air tickets exceed more than two lacs in year. is the TDS is applicable ? please explain in details.

please suggest me what are the various accounting treatments for various written off

when goods are consider to be sale

If i Buy a New Plant & Machinery / Furniture / Office Equipment, I Buy it NEW and pay amount of it.
But above New PROCUREMENT is actually REPLACEMENT of an OLD that Item.
[Suppose, IF i had 20 years old CNC Machine, now its Not Working and its life of working is over, and i Buy NEW in REPLACE of that]

now my QUESTION is What is Accounting Treatment ??
to Capitalise above [due to its life is more than one year] ???
or Book it as Expense [due to replacement of an old] ??
- AKASH UNADKAT

Please tell me what is rebate on discounting of bill?

hello everyone , how can i solve the problem of negative cash balance in books of accounts. pls give me all possible alternatives to convert it into positive cash balance. thanks in advance.....

computer purchase online from other state ( only cst) what is better show in asset or expenses ?

sir,
we are carrying on business on partner ship firm consisting of 4 partners at equal share of 25% each and we registered at register of firms.we are located in andhra pradesh.
now one partner is retiring and we make altered partner ship deed. we went to register of firms to registe the change.
the register asking for 5% stamp duty on all property of firm as per market value.for valuation he is not allowing bank loans.

is there any case to pay stamp duty and how do we calculate market value of firm.please clarify.very urgent