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?

Dear Sir/ Madam,
We purchased machinery for Rs.450lakh in July 2011 and charge depreciation on SLM basis @ 4.75%. In Dec 2013 we received subsidy from government for Rs.88 lakhs. what should be the treatment of subsidy received and depreciation calculation after subsidy received for the period ended 31.03.2014????

what is the treatment of specific donation received in cash by npo school.... and what is the further treatment of expenses incurred for that purpose?

hi sir, can i printing of cheque without instrument date in Tally.erp9. pls. reply. R's Gaurav

Respected Sir, I've completed my graduation but results are not yet declared. How can I apply for provisional online registration in CS executive? Please help.

books of kushal shows on 1st Jan 2010
furniture rs20000.during the year a
part of furniture whose book value on
1st Jan 2010 is rs1200 has been
exchanged with another furniture by
paying additional rs 500.kushal
charge depreciation at 10% pa
the net amount of the furniture to
be shown in the balance sheet will
be?????
a 18508
b 20440
c 18396
d 18478 and how?

Pls can anybody tell

which bank balance is to be taken in financial statement after I have reconcile the bank in my tally from the bank statement of the concern bank, whether it is balance as per bank or balance as per company in the reconciliation mode of the tally which come after pressing F5.


That think I know that we always need to take BALANCE AS PER CASH BOOK in B/S, iam little bit confused about it.

PLS Tell me

If I make payment for my purchased to my creditors by cheque on 29.03.2014 of ₹10,000/- and he got the cheque on the same day but didn't put the cheque on the same day in the bank, but put the cheque in the bank on 05.04.2014. Then In the closing B/s of F.Y. 2013-2014 whether my Bank A/c will be showing bank bal. less than 10000 or not.

Pls answer this query by how creditor would be dealing with this cheque in his B/S.