Hi, Below some tipical problem i've have which need solution for this

A & B Partner to buy and sell property. A invested 25K to buy property worth of 75L and balance amount will be arranged through bank loan.

Now A& B pay EMI amount of 54K out of which B pay his option of 20K .

A& B decided to sell this property at value of 1.25C .

1. What is profit A&B get after selling property

2. Assume loan will paid through of from sale value (outstanding balance is 40L)

Can you some please help on this?

Regards

Venkat

I have a Question to Ask.

Last Year by mistake exchange rate fluctuation effect not given in the books of accounts.
resulting figure of last year fluctuation is credit balance of Rs. 500000(Assume).

What is the Accounting procedure to deal it in current year.
Whether i transfer it to profit and loss account or not.

Thanx in advance.

Dear sir,

How to file individual salary return.

Which step is to be followed.

its urgent,

please help me.

Hello Sir,

Can u plz tell me that if a FCCB loan has been raised by a company and from that loan amount assets has been purchased in India, so at the year end, whether the foreign exchange gain/loss will be adjusted to the cost of that or that loss/profit will be t/f to P/L A/c.Loan has not been paid till date and full payment has been made for the assets purchased in India.

Please guide that in new Schedule VI, the preliminary/preoperative expenses have to be written off completely in the Profit & Loss or only 1/5th portion would be written off for the FY 2011-12.

Is changed Schedule VI is applicable for all the companies. I need the Revised Schedule VI in excel format. Can anybody forward the same to me ?

Thanks & Regards

Tapash Kr. Biswas

i have a bill which is having half amount of vat & half is ser tax then on which amount i need to deduct tds.

is there any notification

In revised schedule VI, under changes in inventories we have to disclose Opening balance and closing balance.

What does changes in inventories means?
If Closing balance is more than opening balance, how do we interpret this and represent this in the Statement of profit and loss??

Sir/Madam,


Can your provide me the procedure to sort debtors stands for more than or less that 180 days in tally 7.2 and Tally 9.0.

I would be further thankful to you if you can also provide me the procedure to transfer this debtor list in excel sheet as per 180 days compliance.

Dear Sir/Madam.

I would like to know if a pigmy account is opened & is not disclosed in the balance sheet of any financial year and the same account while closing, the money is transfered to saving account (this saving accountis is disclosed balance sheet)

what would be tally entry? for this particular case as the pigmy account was not disclosed in any financial year whereas now that the money is transfered to saving account which as been disclosed in balance sheet.
I did the following entry

Receipt

To proprietors capital a/c
By bank savings a/c

or is there any other way. please help.

thanks in advance