in tally what is [import masters]
why we are preparing it?
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Answer / sandip patel
Import master means all the field of master,groups,ledger create in one other company and you want to same group follow in other company so import the master from this old company.
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LOSS IS AN ASSET OR LIABILITY ?
The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2
IS CASH DISCOUNT/RECIVED IS OPERATING EXPENSE/INCOME?
Mr.A repaired a printer of a company and charge a bill of Rs.1200? The company paid Mr.A cheque of Rs.1080 and deduct Rs.120 in TDS after couple of day Mr.A received TDS certificate from the company. pass all the entries in the books of accounts.
When will the cash Book have a Credit Balance?
companys act
As per accounting standards, what is the meaning of "Short Term Liabilities and Long Term Liabilities:? As the Company can change the classification based on their business? Or these meanings are fixed?
HOW WE TREAT WITH LAST YEAR PROVISION LIKE PROVISION FOR BED DEBTS AND DISCOUNT ON DEBTORS PLEASE MAKE A PROPER ENTRY.
entry for cash received from debtors
What is BRS
Audit 
