Company “A” was wounded up in 31.12.2010; Owners are “Jack” & “Jill”

Liabilities of Company “A” amounting to Rs. 100000 was paid by Company “B” on Feb 2011

Company “B” is owned by “Jack” one of the owners of Company “A”

As Company “A” is wounded up, the loan of Company “A” from “B” is paid in installments of Rs. 2000 by Company “C” from 01.03.2011

Company “C” is owned by “Jill” one of the owner of Company “A”

Now the requirement is repayment of loan, should not affect the financials of Company “C”
How?

Pls send me the list of accounts that a hotel has to maintain or just tell about the accounting systems for hotel.

Also tell what other regi. n taxes are applicable for hotel which not provide foods but only provide rooms on rent.

We have raised a bill on our party for Rs.100000. The party has made a payment of Rs.99000 after deducting 2% tax on that ie. Rs.1980 TDS. But they have issued us a TDS certificate of Rs.2000. How do we reconcile the tds account.

sir
pls provide me a link to download a proforma of the recently amended (Balance Sheet And Profit and loss Account) scheduled 6 of the Companies act with schedules of all the items of B/S and P&l a/c .like the one presented by companies like infosys and others .

Thanking u in advance.

Dear All,

We are large manufacturer of "Rubber" and for that various small componant requier, now my Q is that, we are paying some "REPAIRS & MAINTENANCE" for some product which is use for rubber manufacturing now all these repairs bill shall we book under the head of purchse or we directly book under head of Diret exp. plz expain with brief solution

Hi Sir,
I need ur urgent help for tally entry case of advance.
case is as follow
person has taken advance of Rs 7900 in july. now its time to salary so i hv to pay salary for july month.his salary is 7000.so what entry i shld pass in tally.bcoz he has 7900 Rs advance.

waiting for your kind revert

When I open the multi currency ledger Cash a/c and press f12-show only forex !
The forex amount, doesnt match with the primary amount.

For example...My primary currency should be 100rupees, for 1usd (secondary currency).

SO its showing 5000rupees for 1usd ... when i press f12 and click show forex only...the usd is ok, but the rupees is too high !

Its not going as per the prevailing exchange rate...

did you guys get me ? or should i show you some screenshots ?

guys plz help me out !

Respected all ,

Can anyone tell me about transfer pricing ?? what concept is it ?? what are the features ???

Thankin YOu

Dear all,
I maked a entry agst. rent due for the m/o April 10. Which has already entered in 2009-10 after deducting TDS and taken benefits of Services Tax. Now i want to know that what will be rectification entries against that entry. I have again submit TDS and taken benefits of service tax for that entry. I mean it has entered double time one is for F.Y. 09-10 and 2nd is 10-11.
Entry was following
Rent Dr 19000
Service Tax Paid Dr 1957
Tds Payable on Rent(Company) Cr 2095 Party(Creditors) Cr 18862
Now I want to explain one more things that I want to Dr tds amount to party and reverse of service tax also. again i want to repeat that for the month of April 10 office rent has already booked in march 10 and paid now it has again entered in months of April 10 Please help me regarding that rectification entries In my view the entry will be following.
1st entry
party Dr 2095
To Tds payable on rent Cr 2095
2nd Entry
Party Dr. 20957
To Service Tax paid Cr 1957
To Rent Cr.19000
Is it correct or not if not then please explain another entry. Thanks

If a society is getting the construction material as well as labour in donation partly. how to capitalise the building ????