How pass entry of Travelling advance& than after how to adjust this entry in to travelling exp
1. Pass Journal Entries in the books of X company.
X contracting company is awarded a job work for Rs. 10 Lakhs by MSEB Mumbai. Terms of payments 25% advance payments against 100% bank guarantee to be recovered against progress works bills.
10% retention on final completion of work and 5% retention on completion of maintenance period.
X company submitted bill to MSEB Mumbai for progress work for month of May’15 for Rs. 2 Lakhs.
Pass Journal Entries in the books of M/s X company.
2. Bank Reconciliation
OD Bank Balance in the books of X contracting company for month of May’15 Rs. 1 Lakhs.
On receipt of Bank statement
Loan installment recovered by bank Rs. 10,000.
OD interest debited by the bank Rs. 1,000/-
Amount transferred from Mrs X a/c Rs. 5,000/-
LC payment due Rs. 5,000/- on 01/06/2015 debited by the bank on 31/05/2015
Cheque issued for Rs. 10,000/- on 31/05/2015 not entered in the books.
Cheque deposited Rs. 10,000/- on 31/05/2015 not sent for clearing by the banks.
Prepare reconciliation in the books of company X company.
please tell me both
How to pass entry in tally
Our company received Deposit from our client and we give interest on deposit monthly.
How to pass J E n tally .
please mail me solution as shorty.
how to pass entry of invoices in tally if professional fee mentioned On Invoices & service Tax also mentioned but bifurcation of service tax and profession fees not given & In Which voucher.
how to pass entry of invoices in tally if professional fee mentioned
When you received deposit
Entry Will be
Cr. Clinet / Deposit Received (Current Liability)
When you pay the interest
Dr. Interest on Deposit (Under Indirect Expenses)
If you want to print the invoice in Tally
You have to pass the entry in sales invoice
Dr. Professional Fees (Under Sales a/c)
If you claiming for Service tax then create a separate ledger for Service Tax.
If you are not getting any claim for service tax club the both professional fees and service tax
Entry will be for bill received
Dr. Professional charges (PF and Service Tax )
sir, how the entry will be made for cash deposited by partner for company
please tell me how i pass the entry following
if partner deposit the cash in bank for company [manufacturing company]
how pass the entri of partner deposit the cash in bank for company [mfg company]
When sales amount received from debtor in cash how to pass entry for that debtor and the same cash later deposited in the bank . Please guide me
i have one query my question is my brother travellin exps paid by my company through by credit card but what is exastly entry tall erp 9.
salary for tds entry and intnet charges entry in tally erp-9
my confusion is sevices tax only for jounal entry is
payment is direct entry not include sevices tax
pls give me explain with entry jounal and payment
I want to know about If car loan has taken in F.Y. 2013 and interest rate and EMI is till deducting from company a/c then how to do entry of EMI and interest in tally erp9 in 2015?
Please tell me how to do this entry in tally plz plz…………..
When you purchase car in 2013 you have passed following entry
Cr Bank Loan a/c
When the emi deduct from bank
Dr. Bank loan a/c
Cr. Bank a/c
At the end of the year pass interest entry
Dr. Inter on car loan a/c
Cr. Bank Loan a/c
Are you using Tally.ERP 9 Payroll feature. If you are using payroll feature tds entry will take care by software it self.
if you are passing manually entry in journal voucher then entry will be
Cr. TDS on Salary
Cr Bank/ Salary Payable
Please explain your doubt about service tax in brief
If you are doing accounts of your company and travelling exp paid for staff or Travelling exp reimbursed to staff for company work purpose then the entry will be
If any partner deposit cash in business from his personal a/c
entry is for capital introduced
Dr. Cash / Bank
Cr. Partner capital a/c
how to pass the term loan entry’s in tally
what will be the entry for amount received on closure of OD account
Sir,what is journal entry ..loan to employee adjusted towards with salary
Entry for interstate purchase of Fixed assets against C form. Can it be reflected both in Balance Sheet and Interstate Purchase
We purchased machinery from other state against C form paying 2% CST. if we pass it in Journal, the entry will not be reflected in Purchase interstate Ledger. If we pass it in Purchase Ledger it will not reflect in Balance Sheet. So In which way it be entered. Kindly advice me
How to pass the entry In tally ERP9 below mention the Details
Project (Sales)Value 5,58,000,Vat 14.5% on value 85% only i.e(4,74,300)
5% Retention amount
how to pass the entry in tally please Explain it
how to make the Transportation entry in tally erp 9
CAN I MAKE A HOUSE FIXED ASSETS
suppose i am selling a cctv camera & after few month 1 camera module 7104HGHI-SH is get faulty then it is return by party & sended to service center for repairing purpose (note:- After repaired it should be returning to same party) then how to pass service material entry in tally to maintain record. In & Out Entery.
plz help… sir
If you received cash while closure of OD Account
Cr Bank OD A/c
If you received the chq
Dr. Bank A/c
Cr. Bank OD A/c
Guys I found This topics really helpful you should must see this. check it out
Pass the entry in Purchase voucher in voucher mode and Set Allow Expenses/Fixed Assets in Purchase Vouchers to Yes.
Cr. Salary Advance / Loan
Cr. Cash /Bank
Please the me entry for partners remuneration.
Entry for Partners remuneration.
Dr. Partners Remuneration (Indirect Expenses)
can we do journal voucher entry for every entries like commission payable ?
please explain me about journal voucher
LEGAL AND PROFESSIONAL PAID BY COMPANY BEHALF OF DIRECTOR HOW TO PASSED JOURNAL ENTRY
How the pass provision entry.
i am kamlesh parmar i sold my old car amount 210000 at present car value amount is 141200
so how pass adjustment entry in tally
sir how to pass jornal entry camera purchase in tally erp 9
We are in process control industry, where we need to give Performance Bank Guarantee for 10% /20% for getting the retention money. Similarly, we also give Advance Bank Guarantees for receiving the Advance .
We enter the margin money & Bank charges in tally , however, we are unable to give the necessary effect for PBG/ ABG, which makes the task hard to track the PBG’s issued to the buyers.
Professional fees received from many companies / Parties of a lawyer. how will be the the entry in tally erp-9 for Service tax, Professional fees and TDS for the following transaction. please guide me
For Service tax
Activate the service tax and create necessary ledgers.
entry will be
Cr. Professional Fees/ Sales / Income Ledger
Cr. Service Tax
For TDS , when you received the payment from Party and they deduct the tds
Entry will be
Dr TDS Receivable (Current Assest)
Please see the depreciated value of the car as now.
Then the entry will be
Cr Loss on sale of car
Dr Camera (Fixed Assests)
If you passing provision entry for expenses (Salary Provision)
Dr. Salary Exp
Cr. Salary Payable (Under Provision : Current Liability)
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