Respected Experts,

My Bank balance as per Bank Book on 31st march2012 is say,12500 and as per bank statement is 12000.

Which entry I should pass to tally bank Reco. on 1st of April2012.

Thank you.

I HAVE DEPOSITED INCOME TAX AS PROPRIETOR ON 16-7-2012.

1 IS IT INDIRECT EXPENSIVE IN TALLY HEAD ? OR

2 IS IT CAPITAL AC (-) ?

EXPLAIN GROUP HEAD IN TALLY

Can expenditure for development of a website be capitalised as computer software and what should be the depreciation rate?

Hi,
A customer pays advance in INR and the balance in foreign currency. Invoice raised in USD and the goods are sent outside India.

1. IS it export Sale?

2. Exchange rate fluctuation whether to book?

Dear sir

1)in the A.Y-2011-12 our client Balance sheet not shown in the VAT payable in the Balance sheet and

2)wrongly shown as VAT Refundable but their is no any refundable Balance

Guide me

Regards
RAMESHA

My company Had Opening Block Value of Plant and Machinery Rs.88,22,564 we Purchased a Ups Rs 1750 it is capitalized or Not.
and also suggest me co. Act Provision Regarding Capitalization of F.Assets and Individual Assets.

As per Sales Order, freight @ Rs. 20.00 per K.G. is paid by the buyer. But actual freight paid to transporter by the seller is Rs. 5.00 Per K.G.

So what is the accounting treatment for Rs. 15.00 (Balance Amount)?

Whether the Service tax on Actual Freight is paid or as per Sales Order i.e. on Rs. 20.00 is paid?

Please reply ....

Dear Friends / Experts,


I have a query in finalising the accounts for Individual (I am just assisting my friend for filing his income tax return as he is a small tax payer).


Balance Sheet is not tallying (i.e. Liabilities is not tallying with Assets
and has a difference of say Rs.21500/-).

Query

The assessee is not in a position to recollect the details for such difference.

How can the accounts be finalised in such a situation or is there any way to resolve this ?

Ans.......

Kindly advise on the above query.

Thanks.

Pls. guide me while preparing Financial Statement under which head the below expenses to be taken as per New Schedule VI

Interest paid on late payment of advance tax, service tax, excise duty, wealth tax in Company
Penalty paid to PF, Income tax,

Filing fees- MCA, ROC,
Expenses paid for Legal expenses to Advocates for notary or registration puprose.

I had a cargo van which i have sold recently..now i needed to make entry in tally but i dont know that how to make entry of it..
In F.Y.2011-12 rate of cargo van was 145000/- but i sold it in Rs.130000/- this year..
please tell me that how should i show the loss amount Rs.15000/- which i have incurred on selling????

thanking you in advance..