UND COMP ACT DEP FOR COMPUTERS IS 16.21% ON SLM BASIS.IF NEW COMP IS PURCHASED ON 1-4-2011 FOR 10,000 DEP FOR FY 2011-12 IS 1621 and for FY 2012-13 is also 1621.IS it correct calaculation?.
If compu is purchased on 1st OCT 2011,then dep for FY 2011-12 is 813 and FOR FY 2012-13 IS RS 1621.IS IT CORRECT?.
PLEASE GIVE ME DETAILS. THANKS IN ADVANCE.

Hi,
I need clarification- if they charged Service Tax on that what is the entry and what about TDS, let say

1)Invoice.
Security Service Charges-10000
Service Tax(12.36) 1236

2)TDS(2%)Treatment-Rs.225.
When i have to consider- while passing the entry or while making the payment. And what the entries for all the above.

Thanks
linga

my query is with regards to import purchases. Suppose the goods are loaded from USA on 1-1-2012 the same reaches mumbai customs on 10-1-2012 and the goods are recieved in our factory at gujarat on 30-1-2012. While booking the rate of Purchase in tally which forex rate should be considered. I guess, customs rate is only for the purpose of assessing the customs duty. PLEASE ASSIST AS TO WHICH RATE SHOULD BE CONSIDERED WHILE BOOKING THE PURCHASE IN ACCOUNTS

my query is with regards to import purchases. Suppose the goods are loaded from USA on 1-1-2012 the same reaches mumbai customs on 10-1-2012 and the goods are recieved in our factory at gujarat on 30-1-2012. While booking the rate of Purchase in tally which forex rate should be considered. I guess, customs rate is only for the purpose of assessing the customs duty. PLEASE ASSIST AS TO WHICH RATE SHOULD BE CONSIDERED WHILE BOOKING THE PURCHASE IN ACCOUNTS

A company offers 6,000 shares for subscription and public applies for 5,000 shares.

What will be the issued capital in this case; 6,000 OR 5,000.

In most books of 12th level, 6,000 has been treated as issued capital. In PC Tulsian's CPT accountancy, it says 5,000 is issued capital and explains why 6,000 cannot be the issued capital.

Please clarify this after consulting some colleagues.

Thanks and Regards
Amit K. Sharma

Dear sir,
company stock(raw material) fired in fire accident. as per as our books stock is 3 crores, fired stock is 1 crore .so we entered loss on fire stock enteries in tally. how many entries applied and what they are. please send me.

Hi Dear professionals,

I am working in software company, company had purchased wooden flooring material, this material on which account head will be.

Rent paid on 1st Oct 2008 for the year to 30th sept 2009 was Rs.1200 & Rent paid on 1st oct 2009 for the year to 30th sept 2010 was Rs. 1600

Rent payable as shown in P&l for the year ended 31 Dec 2009 would be ?

Opening Stock
Raw Materials 17,400
Work-In-Progress 11,200
Finished Goods 41,500

Closing Stock
Raw Materials 18,100
Work-In-Progress 11,400
Finished Goods 40,700

Overhead Expenses - 61,100
Wages - 40,400
Purchase of Raw material - 91,900
Cost of Finished goods Produced ?
Cost of Finished goods Sold ?

Hi,
I have received an Invoice from the Security services provider, now what is the journal entry i have to pass in my Tally.

regards,
Linga