Hello,

If a company has a branch and has only one bank account ...........then how can the exp of both head office & branch handle by this bank ,,,,,,,,,how can be it shown in Tally.............please help me urgently needed...........

We receive sometimes amount from our retailer as advance for specific products and we deliver products and raise bill to that party within 7 to 8 days because of dry stock. They always pay the advance because of high demand in the market. Its a petroleum products.
So please pass the journal entry in the books of A/c.

Our company going to take some cars on lease for office purpose (ours is not a travel operator company)

I would like to know the accounting treatment for this, whether these cars to be capitalized in our books or just the car rentals to be booked as expenses.

The full form of Dr and CR is
DR - Debit Record
CR - Credit Record

hello Experts,

kindly help, in cash flow when we pay interest after deducting tds how to show it in financing activity ( Gross or net).

If gross then tds not paid will increse our current liability which will ultimetly effect working capital

plz answer it

Hi,
I am a student of final.. I am confused which book to select for studying Accounting Standards.
Plz..give your valuable suggestions regarding the selection of appropriate book on AS.

Friends, How do i record the rent received from my customers in a rent a car business ?. Do i need to show it under sales or under service charge collection ?. Whether i have to show my cars as fixed asset or current asset ?. what will be the entry when the car has been returned by the customer ?

We have accounting of automobiles company and during physical stock verification it is found that there are difference with account in which some amount of stock is negative and some amount of stock excess in account, my query is that i was match the stock in account with physical stock, so how to adjust the stock of short & excess in account.

what is cash profit in p&l and how it is different from operating profit and how can we calculate the cash profit

What is Fixed Assets Register?
How to prepare Fixed Assets register?