if company open one bank A/c in the name of some person & company wants to transfer money from company bank a/c to afore said bank A/c and that person use this money for petty cash exps for company office exps. Is correct then what is accounting treatment?

Please reply soon.

i have a query mr. a had sold his car to mr.b and as per sale agreement,mr. b will repay the loan taken to purchase the said car.value of car on date of sale is 724170/-. loan amt. outstanding on the same date is 413817/- please suggest the accounting entries for the same.. thanks and regards

Hi Sir

I need help where should i get new updates or new changes in accounting standard and business law for may 2010 exams pe 2

Kindly help me sir

please tell me the reason of not tallying the balance sheet other than those of difference in opening balance in TALLY SOFTWARE....

it is showing different amounts in total assets and total liability...

Hello

A company has paid advance salary to its employees. Should TDS be deducted on the same.

Further, is advance salary allowable expenditure in the year of payment for the company.

Regards,
Jyoti

Sir/Madam

Under what head the following has to be shown, Current Assets or Loans & Advances

1. TDS/Advance Tax

2. Retention Amount/With-held Amount

3. Deposits like Telephone Deposit, E.B. Deposit,etc

And also whether these items will be considered for calculating "Current Ratio"?

Kindly reply the rate of depreciaton of laptop & on line UPS, inverter for the F.Y.2008-09 & also calculation if purchases made during the same year.

b/d c/d
debtor rs.132500 147500
(-)provsn rs.20,000 25000
debtor goes bad 70,000 .will the (a)open.&clos. balances r shown IN SCHEDULE SHOWING W.CAPITAL CHANGES,if yes (why). can we show only balance in figure amt. of DEBTOR A/C in CHANGES column of w.capital statement . plz tell me what will be the corret treatment of it while making fund flow statement.


if we take difference of opni.& closi balances debtor ,
what will be done for bad debt & provision made for d.d. of current year in PROFIT & LOSS ADJUSTMENT A/C?

Hi,
My query is as follows. There were certain assets taken on lease in one of the companies premises. However, the company decided to wind operations in that premise. Subsequently, the company purchases those assets on lease and sold it. There are proper invoices for purchase and sell.
Can the company expense the loss on purchase and subsquent sale of these leased assets without capitalising the assets. The whole transaction was completed within 15 days and the amount involved is about 5 lacs. PLz suggest

What is tally ERP ?
It is used by whome ?
Can you give me brief discriptin.