Question { Dainik Bhaskar, 18845 }

freight inward expenses are direct expenses or not

Answer

Yes it is direct exp. and outwards freight is indirect
exp .

Question { 14283 }

Expand C S T

Answer

CST means Centeral Sales Tax, And added in the tax
invoice , cst applicable on out of state sales if sales is
local then vat . And other sate sales then cst ,it is the
direct tax ,

Question { 4322 }

how to give the jv for the following transation eg',Our
Comapny Name U2
1.cheque recd from customers of Associate Comapany (U1
Ltd):575 on U2(Our company Name).we deposited that cheque
in our bank a/c.
2.U1 debited U2 for 575/- passing 1 jv like
Due from U2(Our comapnY) dr 575
To collection from Customers cr 575.

now how can I recognise both entries and how can i
reconsile my BRS...

This Receipt is not belongs to U2

Answer

In the Books of U1 Ltd. entry is only one :[in Journal )
U2 Ltd. dr. 575.00
To Customers A/c 575.00
( Ch. no ***** Rec. on behalf of us by U2 Ltd.)
In the Boosk of U2 Ltd. Entry is ( in Bank A/c)
bank A/c Dr. 575.00
To U1 Ltd. 575.00
Narration is (amount Rec,on behalf of U1 Ltd.Company
Customer)

Ravinder Shankhyan HP

Question { India Infoline, 14324 }

HOW WE CAN SEE BANK RECONCILIATION STATEMENT IN TALLY 9

Answer

First of all u are alter the bank ledger as= press A then L
then R Noew selecte the bank name and set the efective date
of reconcilation as you like, thel go to main menu in tally,
noew opent the ledger of bank and press the F5 Botton
O K

Question { Focus, 8167 }

How Many Methods of Depriciation & Which are those ??

Answer

Depreciation when we are using fixed assets there will be
depreciation and that asset will lost the quality and
quantity periodically its called depreciation. And there
are 11 types of depreciation
1 Straight line method
2 Diminishing balance method
3 Annuity methods
4 Depreciation fund method
5 Insurance policy methods
6 Sum of digits methods
7 Revaluation methods
8 Depletion methods


O K Dear
ravinderkumar.2007@rediffmail.com