Answer Posted / ravi

while booking a bill in journal in tally -f7
in journal - party a/c dr 5000
to tds 5000
(being bill booked)

in journal deduction entry - alt+s is the short cut key-f7
party 510.10
to tds 510.10

payment entry after deducting tds -f5
party a/c dr 4490
to bank 4490

deducted tds payment made to the dept -f5
tds a/c dr 510.10
to bank 510.10

You are using the accounts approach to parallel valuation and classic assets accounting. You need to create a new financial statement version to valuation based of IFRS principles. In asset accounting, what posting options can you choose for the new depreciation area? (any 2 answer) Area post in real time Area posts APC directly and depreciation periodically Area posts APC only directly Area posts APC and depreciation periodically

1549

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Tell me do you think there is any difference between inactive and dormant accounts?

1082

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under which accounting rule prepaid salary?

2208

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what is the relationship between bookkeeping and accounting?

1035

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cost of lease=20,000.refundable deposits 2000 (after 4 years).annuity value for 4 years @5% is .2820.find the net charge to p&l a/c

2266

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Explain the term account payable?

1058

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April-25 Paid to Mr. Y in full Settlement by Cheque Rs. 4800. April-26 Received a cheque from Mr. B in full settlement Rs. 4900.

3407

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WHAT ARE THE LIMITATIONS FACING ACCOUNT CONCEPTS AND CONVENTIONS?

2369

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suppose we received goods from H.O.The sisterconcern received it.wat will be the entries if tge S.C.sells it from here.

2301

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Define depreciation and its types?

1116

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What is account payee cheque? Expand ctc cheque?

1191

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Is the shadow balance present in bank account always credited or bank may reverse it as well?

1091

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what is the difference between accounting and bookkeeping?

1037

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Explain what is involved in the process of double-entry accounting?

2302

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Mention the types of ledgers?

1159

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