I am working for a company in hyderabad,,but this company has a head office at USA..whenever there are short of funds...amount will be transferred to hyderabad bank account by means of online transfer.
please someone let me know,.when amount is transferred to our company, then,to which head of account should this is taken into...Thanks

Dear sir... I am vijay chaudhari from surat. I have 3 years professional Experience in accounting and taxation. I request you to give me rights of comments. Any queries plz call my Mo. no. 9033837970. Regards Vijay chaudhari.

Respected Sir,

I am from UP i would request you to please tell me procedure to return central purchase.If i raise sale invoice then we have to pay the tax of this invoice,secondly is any C & F form required

If the bill date is after 31/03/2014 then what entry we have to pass in books of account i. e. in tally

DEAR SIR I WANT TO KNOWN THAT HOW TO TREAT THE EXPENSES WHICH IS OCCURRED DUE TO SHIFTING OF FACTORY FROM ONE PLACE TO ANOTHER IN ACCOUNTING.

Which topics are excluded in Hire purchase of IPCC Accounts syllabus?

Hi Sir,

I want to ask you to can i printing of cheque without instrument date mention because some we made a cheque but as on mentioned cheque date we have sufficient fund then we have to cancelled the cheque. we want to that printing of cheque in provision base without instrument date in Tally.erp9.

Pls. reply....

R's
Gaurav

How will be pass this entry in tally??

Acquire the running business of max, for cash
₹ 50,000 by taking over a following assets and liabilities at value of stock against them:
stock of goods ₹ 15,000
cash ₹ 25,000
furniture ₹ 10,000
debtor ₹ 7,000
machinery ₹ 8,000
creditor ₹ 15,000

Is it allowed to charge profit/ margin on the cost during providing service by one department to other department of the same company at same place under the same management and at same establishment with having same registration/ license/ PAN/TAN ? Example : XYZ Ltd has two departments A & B . If 'A' provide manpower services to 'B' at a cost of Rs. 10,000 then is it allowed to charge profit of 10% and debit Rs.11,000/- to 'A' and book profit of Rs. 1000 in the books of 'A' . However at the time of consolidation of accounts of XYZ Ltd this Income will be nullified and net profit will be Nil as a whole for XYZ Ltd on account of these entries. However there will be income for XYZ Ltd from its main activities / business. Is there any problem if Income is credited in the books of 'A' and later on same amount of Income is Debited and same head of expenditure is credited in the books of XYZ Ltd at the time of consolidation. If it is not allowed to Credit Income under one department's account and Debit Income in main account then please give reference of the rule/ guidance etc. These entries will help in generating profit for one department and for the company as a whole there will be no profit due to these intra departmental service and no Income Tax will be payable by XYZ Ltd on this account after consolidation . Ultimately actual expenditures will be shown in the consolidated account. Is it allowed ?

What is the formula to compute the transportation cost?
What elements are included for computation of such cost?