how to made sale, purchase transaction or entry between branchs

A Property is Purchase by partner of Firm.PUrchase value of Property is 2.4 Crore.Rs.20Lac Paid from firm as advance to party.bank sanction a loan of Rs.30 Crore.Bank Paid
Rs. 2.2 Crore direct of selling party and Rs 80Lac to firm as balance amount.CAsh payment of Rs.12 lac as Registration paid from firm.Now what amount should be considered as loan of firm and what amount of Partner.

i purchased some items on dec'12 for 12000/-
and my closing stock on 31.03.13 shows the value of the item 12000/- after that some direct expense of 1000/-incurred on this item
i want to show my closing stock as on 30.04.13 as 13000/-is it possible in tally, if so how will pass the entry

We are in the business of manufacturing & marketing of artificial sweetener.In India we produced our product through a third party manufacturer, with whom we have yearly agreement. The third party manufacturer produced the product as per our formulation & procure raw material only from our approved supplier, but supplier give Invoices in the name of third party manufacturer.
As per our direction the manufacturer had imported some raw material from Europe, but in that case we have taken the responsibility to pay the exporter i.e. we pay to manufacturer & then they pay to the exporter, it is to mention that the exporter is one of our group company.
Now we are going to terminate our agreement with the manufacturer, regarding that I have few queries-
1.Can we take in our books the outstanding foreign exchange liability for the above mentioned transaction, if yes then how.
2.After transferring the liability in our books how we can pay them in Euro,as in this case Invoice in the name of manufacturer.
3.Is there any issue under FEMA Act.

SIR, A MANUFACTURING CONCERN HAS VALUED ITS CLOSING STOCK AT RS. 10.00 LAC AS AT 31.03.2012.
THE FILE SELECTED FOR SCRUTINY BY INCOME TAX AUTHORITIES AND HAVE POINTED OUT THAT THE CLOSING STOCK IS UNDER VALUED BY RS. 1.00 LAC AND THEY HAVE INCREASED PROFIT BY RS. 1.00 LAC AND TAX DETERMINED ADDING RS.1.00 LAC TO DECLARED NET PROFIT IN RETURN OF INCOME.
MY QUESTION IS IN THE NEXT YEAR OPENING STOCK AS PER BOOKS WILL BE RS. 10.00 LACK. WHETHER THE EFFECT OF RS.1.00 LAC WILL BE GIVEN FOR CALCULATION OF TAX BY I.T. AUTHORITIES IN THE NEXT YEAR OR NOT ?

sir, for calculation of deferred tax asset/liability whether the following differences will be considered as timing difference ?
1. profit on sale of fixed asset
2. profit on sale of shares which is exempt
u/s 10(38)
3. profit on sales of listed security where indexation facility opted and tax paid @20%

Dear sir its very urgent.
I have join a small firm. The firm hasn't keep the books of accounts. So I had prepared the chart of accounts. Now I have a doubt. How to account the Fixed assets. There are number of Fixed assets like Furniture, computers, Fixtures and so on. assets are purchased on different months and different years, some of them have no purchase bills.
So how can I prepare the fixed assets ledger and old depreciation.
OR
Depreciation start with current year accounts with original cost (Purchase price)
Thanks in advance.

26.05.2009 (PVT LTD) our company computers purchased on credit 52120/-
10.06.2009 our company computers purchased on credit 35500/-
07.07.2009 our company computers purchased on credit 5375/-
05.08.2009 our company computers purchased on cash 26520/-
04.12.2009 our company computers purchased on cash 40400/-

but they dep calculated 17539/-

passed jv

accumulate depreciation on computers a/c Dr 17539/-

To Depreciation a/c 17539/-

what is the calculation

C.I Moulds are used in the manufacture of M S Ingots. The moulds have life of 4mths - 6 mths and than they are scrapped. In the Excise Laws, the moulds are capital items and CENVAT is accordingly available. I seek advice on the following issues:
1. Considering the above, is the mould a capital item or revenue expenses ?
2. If it is to be treated as capital item, what should be the depreciation charged in I.T Act as it has life of 6 mths approx.

Please advice preferably quoting ICAI Guidance note/ opinion (if any) and relavent case laws.

Dear sir please give me solution for my Que:
A firm has sales of `75,00,000 variable cost of `42,00,000 and fixed cost of
`6,00,000.It has a debt of `45,00,000 at 9% interest and equity of `55,00,000. At what level
of sales, the EBIT of the firm will be equal to zero?
And at what level of Sales, the EBT of the firm will be equal to zero?
Please Give detail calculation!