Hi,

As per AS-19, in case of Finance Lease lease initially it has to be recorded in Assets side as well as Liability Side.

Can any one suggest me the actual entry??

Regards
Rupesh Nigam

hi..........
i am amol
my querry is when my CA make my firms balancesheet o n that balancesheet they make a adjustment entrey whichever is

Work in Progress A/c. DB...........
Trading A/c. CR...............


How can i pass the entrey in tally 7.2

Trading A/c. = Purchase A/c.& Direct Exp

So Plsssssssss Help me how can i Pass the entrey

This is the Construction Accounting.....

I would like to have your kind opinion related to accounting issue while capitalising items for construction of a buliding in case of subsidiary where due to tax, admn. and finance reasons the road permits,bills etc.are made in name of Holding company.

In that scenrio, the subsidiary cannot capitalise for want of bill and holding company has no valid right for capitalisation also.Please give opinion what type of accounting / Contractual arrangemt be made between holding and subsidiary which are in financial and tax interest also.

Finished Goods worth Rs.20 lacs(MRP)were damaged due to floods.The accountant suggested the following entry:
Loss by Flooding a/c Dr 20 lacs
To Trading account Cr 20 lacs
(Being loss by floods)
The auditor suggested that no entry should be passed;logic he puts forward is that the closing stock valued at the close of the year has taken cognisance of the loss by not valuing so much of the stock as is lost.Who is correct.Why?

While valuing stock as per AS 2 if NRV is less than cost , NRV is considered as the stock value. Here how the stock value is reduced by entries(how to provide such loss).

Q 1: When Goods is purchased on 01/04/2008 but received on 03/04/2008,so that on what date purchased should be Record in the books of accounts ?

Q 2: When any expenses Actually incurred in 31/March/ 2008 &paid in15/ May/2008, bill dated 25th July 2008 but Recd in 15/September/2008.(financial year 2008-09& bill Belongs to TDS matter) then when the entry for the TDS & Expenses will be Recognize?

Q 3: When Agreement for Purchase of Vehicle is made on 31st/March/2008 but Delivery Received on 30/04/2008 after the Signature on Balance sheet of BOD,advance paid on 15th March 2008.When it will be Recognize in the Books of Account?

Q 1: When Goods is purchased on 01/04/2008 but received on 03/04/2008,so that on what date purchased should be Record in the books of accounts ?

Q 2: When any expenses Actually incurred in 31/March/ 2008 &paid in15/ May/2008, bill dated 25th July 2008 but Recd in 15/September/2008.(financial year 2008-09& bill Belongs to TDS matter) then when the entry for the TDS & Expenses will be Recognize?

Q 3: When Agreement for Purchase of Vehicle is made on 31st/March/2008 but Delivery Received on 30/04/2008 after the Signature on Balance sheet of BOD,advance paid on 15th March 2008.When it will be Recognize in the Books of Account?

we are paying regularly to different car travels for engaging car's for official visits my question is , is this attract tds? if yes , minimum slabis Rs.20000/- per bill or Rs.50000/- per year. is it correct.

I want to know whether there is any penalty for not fixing revenue stamps for payments above Rs.5000/-


I have one more doubt stamp duty act says that we have to affix revenue stamp for all payments including cheque above Rs.5000

Here every body is fixing revenue stamps for cashpayments above Rs.5000/-

which is right

hello sir

here is manufacturing co there is one party from which we purchase some items.if there is difference between our PO and their bill for rate difference.there is any effect of VAT/CST amount.for exp. Our PO Rate is 100/- their bill rate is 110/- according to their bill CST2% 2.20/- and as per our PO CST2% 2/-

In this case am change CST amt

Please solve my problem

thank you with regards