I WISH TO KNOW HOW I CAN IMPLEMENT SAT IN TALLY 9 SO THAT IT CAN BE AUTO CULCULATED AND SHOW IN VAT COMPUTATION REPORT AND VAT RETURN

KRIPA SHANKAR BIND
BHADOHI
UTTAR PRADESH -221404

A co. made export in US & invoice is made on 23.12.2009 for $5,68,900.74. Co. sent CAD papers to its bank for collection on 24.12.2009. On 07.01.2010 Net payment of $5,68,774.74 is realised after deduction of commission of $126. On 07.01.2010 1$= Rs. 45.56. Co. kept this $5,68,774.74 in its EEFC A/c. On 13.01.2010 Co. got coversion of $5,68,774.74 into Rs. @ 45.66/- and Rs. 2,59,70,255/- (i.e. $5,68,774.74*45.66) is transferred to its CC A/c from EEFC A/c on 13.01.2010.

What is the accounting entry for above mentioned transaction?

Is Employee includes contract labour

pl let me know what is the liability of a accountant in case of fiancial manipulation by the concern

SIR,

WE HAVE RECEIVED GOODS FOR JOB WORK AND ISSUE A BILL FROM SALE BILL FILE AT VAT 4%.

CAN YOU SUGGEST
1.) IT IS SALE OR JOB WORK INCOME
2.) WHETHER VAT IS CHARGED ON JOB WORK INCOME OR NOT.
3.) IS IT WRONG TO ISSUE JOB WORK BILL FROM SALE BILL FILE OR NOT.

PLZ REPLY................../

Like there is double entry system to avoid one-sided mistakes while entering a transaction, does the tally v4.5 to ERP.9(ny1) allow cross company entries so that there remains no need of reconciliation of one co.'s A/c in books of another and vice-versa nd their remains no requirement of entering the same transaction entered between two co.'s twice on tally?

Dear Sir,

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