Where to book in the expenses head " Rewards paid to labour " for excellent work???
Which head ??
Tnanks for the reply.
Dev K Sharma (Learning Thru Experience) (157 Points)
19 July 2011Where to book in the expenses head " Rewards paid to labour " for excellent work???
Which head ??
Tnanks for the reply.
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 19 July 2011
in either head
a) workmen and staff welfare
b) incentive/ bonus to workmen
both are indirect expenditure
Mohana Harish
(AUDIT TEAM LEAD - CA FINAL)
(468 Points)
Replied 19 July 2011
What will be the entries for share Trading in Tally? reg: purchase, Sale,Etc Uner which hea it shoul be classified? whether if it is on investment , how to record capital gain / Loss?pl help
T.S.Mohana Harish
Madurai- 9944361015
Dev K Sharma
(Learning Thru Experience)
(157 Points)
Replied 19 July 2011
Dear Harish Sir,
For maintaing share trading account in tally, its bit complicated while calculating LTCG & STCG in tally.
for your above query , you have to maintain inventory to record sales & purchase
You have to enter purchase (F9) under purchase account and Sales (F8) under Sales account.
and your closing balance will be shown as stock in hand.
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 20 July 2011
| Originally posted by : Mohana Harish | ||
 |
What will be the entries for share Trading in Tally? reg: purchase, Sale,Etc Uner which hea it shoul be classified? whether if it is on investment , how to record capital gain / Loss?pl help T.S.Mohana Harish Madurai- 9944361015 |
 |
tally is business accounting software,
you hoave to account in tally as "accounting with inventory" and assign each company share in diff interntory identity.
for capital gains, you have to maintain ........ seperate accounting ...i.e seperate godown or demat
viz ....... at the point of purchase for capital gain, use ......... cg-demat............ for trading activities use .......... gen-demat
CAclubindia
