UNDER CST IF WE PURCHASE GOODS ON 26 JULY 2010 AND GOT THE
DELIVERY ON 4 AUG 2010,ON WHAT DATE SHOULD I ENTER THE BILL
IN TALLY.
- 4 Answers
- 5593 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / b.mishra
where the account is maintained with Inventory we will have
to enter the same on receipt of material because the stock
can only be effected after the receipt of material which is
also a relevant point where the stock is insured and we can
enter the billing date in narration to make us convinient
for issuanace of Form-C/H/E-1/E-2
| Is This Answer Correct ? | 12 Yes | 0 No |
Answer / h.r. sreepada bhagi
As mentioned by Mr.Mishra, when the purchase is accounted,
inventory is also updated. The date of receipt of material
is the date on which GRN (Goods Receipt needs to be made)
and accounted on accounting software.
One thing to be kept in mind is accounting records should be
updated on daily basis & every document should have a
consecutive number in the series, and hence making a
predated entry is incorrect. Another example is, there may
be a bill dated in the month of March, but the material is
received in April - Since these two are two different
financial years, purchase bill can be accounted only on
receipt of goods.
In the reference field, Supplier's Invoice No.& Date should
be entered for record & reconciliation. This is the case
with any accounting or ERP software and not only Tally.
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / sarika chavan
you should enter the bill date of 26th July, 2010, because
your bill made on 26th july,2010.
| Is This Answer Correct ? | 7 Yes | 5 No |
Answer / nagachandra pattar
The Seller Invoice Date only we have to enter in Tally
i.e., 26-July-2010 only
| Is This Answer Correct ? | 9 Yes | 10 No |
10% t.d.s needs to be deducted if one gets >20000/PA as Consultancy charges. Is this law applicable to physically chanllenged indiviuals whose disability is gtreater than or egual to 80%. My disability is 80% and I am working with an IT company on contract and gets 40K on a monthly basis starting Nov 10. How much TDS should I be oaying. Could someone please assist me with this query. Thanks in advance:-)
what is c form?state with examples?
please explain me in brifly how to file monthly TDS challan for a company? e.g. if i deduct tds from all various bills of contractor in a month so this all total tds amount credit towards tds account?
1 Answers Overnite Express, Spectrum Engineers,
we working a partnership firm, so how fill up tds form in company decteed or non company dectee
If anybody have knowledge about opening for the post of accountant(for Gurgaon/Delhi) kindly mail me verma_moti@yahoo.co.in. I am handling accounting sales tax/vat,Excise,service Tax,Tds and MIS.
how to mix calculation VAT & CST in account where charged VAT & CST in bill
How to calculate pf, esi, vat, sales tax etc.,
61 Answers Aparna Enterprises, Cap Gemini, Genpact, Gurcharan International, HCL, Pushp Steel, Shriram, TCS,
What is the invoice procedure for scrap material, which was received from our customer as sales return/warranty
We purchase Electricals Cabel for Panel & Fitting for our company, we have issued Form "C" to above material purchase From OGS
life memebership fees receved by an non profit organisation is treated as: 1)Revenue Receipt 2)capital receipt 3)deferred revenue receipt 4)both revenue and capital receipt
NOW I WANT TO FILE THE INCOME TAX RETURNS. I AM A SALARIED PERSON WITH NO OTHER INCOME. SHOULD I USE SARAL 2( ITR-1) FORM ASSESSMENT YEAR 2010-11
Explain the Calculation of VAT ?
Audit 
