Interested to Buy Any Domain ? << Click Here >> for more details...
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
- 7270 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 |
sir, can you give me clarification briefly how to capitalized and which one capitalized
can I avail interest paid and repayment of Loan taken from friends for construction of House property. if so under what section of Income tax Act
WHAT IS THE LAST DATE FOR PAYMENT OF TAX OF EXCISE DUTY IN CASE OF ( SSI ) UNIT .
Physician samples should be charged under CST @ 5% manufactured in H.P. and transferred to other states
i am vasan , how to exampt tds .if am below 140000/-
any change in service tax rate 10.3%?
What is meant by Cost of Improvement?
Ganesh & Gopal joined a firm drawing salary of Rs 25000 per month.After serving 3 yrs ,they started business of their own in partnership,contributing Rs200000(expected life 10 yrs,bought spare parts worth Rs 33000 from Kundu on credit.Office supplies were purchased for cash.Initially they were very busy in conducting their business operations but by the end of the 1st year,31/12/2005 they were disappointed when they found their bank balances.Following is the summary of their bank statement. Receipts: Share Capital Rs 250000 Collections from Customers 412000 Payments: Equipment 200000 Salaries of Assistants 88000 Rent advance for 2 yrs 96000 On-year ins. Policy on equipment 12000 Office stationery 27000 Payment to Kundu 29000 Withdrawals of Ganesh 90000 Withdrawals of Gopal 90000 Closing balance c/d 30000 ----------- Total : 6,62,000 Still amount receivable from customers for services to them amounted to Rs 30,000 & closing balance of office stationery is Rs2000,spare parts Rs2600 were utilised by the end of the year .Prepare trial balance with the available information and show total. Also what is the net profit.
How is form 16 different from form 16A
WHERE WE HAVE TO TAKE TDS RECEIVABLES IN THE BALANCE SHEET OR P&L A/C ?
12 Answers Insurance, Reliance, Wings Customer Care,
WCT charged on firm or on proprietor?
What is the rate of WCT in Haryana.
Audit 
