Question { 5050 }

1- what is cash flow and fund flow
2-Defference between TDS and TCS

Answer

Tds means tax deduction at source tds amount is deducted
from the amount of income. For eg: if I want pay rent to
arush & Co. Rs.20000 so I am not paid full Rs.20000 to
arush & co. I am pay the amount to arush & co. after the
tax amount deduct.
Tcs means tax collection at source tax is collected by the
person who pay expense & in case of tds tax is deducted by
the person who is taking income

Question { 2404 }

chq. of ICICI received from big jos of rs. 35000/- for
credit sale bill no. S/01 andBill no. S/03

Answer

icici a/c dr. 35000
To big jos 35000
& refrence is use on account

Question { 3867 }

How can we create compound unit(eg:pkt of 10 nos) in Peachtree accounting software?if u know the answer,plz post it.
by Libin kulamuttom

Answer

there are two types of units in tally
1 simple
2 compound
first create two units for eg: pkt & nos in simple type &
then take type of unit compound then create pkt of 10 nos.