We are service providers in Events Management and purchase some consumable items & also paid for hiring of some furniture items, & transporter for carriage.

Now these are trade payable or other current liabilities as per new Schedule VI, please

And if i get repaired computer (Credit basis)then it will be treated Trade payable or other current liabilities

Sir,
Please tell me that can we claim 50% of depreciation of an accounting period for show profit in company.

Eg. A private limited company has depreciation for the year 2011-12 is 2,00,000 and profit before depreciation is 1,20,000. so can we claim 50% of depreciation(1,00,000) for show profit(20,000).

1 ) Payment has been made by party A to party outside India before Party B is registered in India
2 ) Consignment has not been despacted from abroad.
3 ) Can the import of goods be done in the name of party B who is registered under Delhi VAT if so than the payment done by party A how can we resolve the payment issue.
4 ) Can party A take the delivery in the name of party B in Delhi.
5 ) Do we have to receive Purchase Invoice from Party A or will it be considered as Import Purchase for Party B as per point no 4 above.
6 ) In any of the cases above how we have to effect the payment to Party A

Dear Sir,

me paid traveling exp. of rs 2000/-

me make entry in tally

dr. travelling exp. 2000/-
cr. XYZ 2000/-

nw me get credit not frm xyz of Rs. 750/- than how make entry in tally

payments are shown on credit side but in tally it is shown on debit side

A firm has opening stock worth Rs. 40l. Whole of this stock is damaged in this f/y.The damaaged stock has no resale value and apart from this the firm hasnt carried on any transactions. How do i Prepare its books of account. The firm is closing all its business this year. plz help....

The subscribed share capital of S Ltd is Rs.8000000 of Rs.100 each. There were no calls in arrear till the final call was made. The final call made was paid on 77500 shares. The calls in arrear amounted to Rs. 62500. The final call on share will be?

Dear Sir / Ma'am,

In tally I have a few creditors where we have made them excess payments then the bill amount by merely 100's or 300's. for eg. if X company gave us a bill of 1000/- we made pmt to them of 1200/-, now there isn't any more pmt to be done to them & they will not provide us any bills for 200/-, so how do I write them off in tally??

IF A Firm In A Export Business,Then Account Invoice Should be prepared in which currency.
Indian Or Foreign ?

I have incurred Preliminery Expenses in the Year 2011-12.

Where can I show that???

nd what effect is to be given when the same are written off???