Accounting Entries at Inception. 12 Sale and Leaseback transaction A Sale and Leaseback (SLB) is a special case of application of leasing technique. Lease is a preferred mode of using the asset without having to own it. In case of leases, the lessee does not own the asset but acquires ...
RCM Exemp. for Un-Reg. Ven. Start Date Date RCM Exemp. for Un-Reg. Ven. End Date Date Cr. & Libty Adj. Journal No. Type: Code 10 Purch. Inv. Nos. (Reg) Type: Code 10 Purch. Inv. Nos. (Reg Supp) Type: Code 10 Pur. Inv...
Inaccurate accounting of such entries can lead to errors in your returns. Verify ITC for Advances Received Ensure you’ve correctly accounted for GST on any advances received for goods or services, as failure to account for this can lead to discrepancies during reconciliation. Reconcile TDS and ...
Inconsistency while posting a cash payment voucher with TDS; Error message when Applying Payment with TCS to Sales Invoice; TDS not correctly calculated, when multiple advance payments are applied against single invoice; Wrong TDS values in Statistics and TD...
Time of supply in the case of RCM Importance of Vouchers in the case of Time of Supply Meaning and conditions of Goods sent on Approval Basis Meaning & Conditions of Continuous Supply of Goods 7.Composition scheme Meaning of Composition Scheme ...
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Conclusion Other than the fact that levy under GST remains questionable, where the recipient entity is eligible to ITC, even though the levy can be disputed, conservatively RCM can be discharged, and ITC claimed (conservative and revenue neutral position). ...
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Multi-Currency Accounting in Tally ERP9 & Adjustment Entries for Forex GainLoss Cheque Book Configuration in Tally ERP9 Banking - Transaction Types Post Dated Cheques Management in Tally ERP9 I PDC's Bank Reconciliation Introduction Bank Reconciliation in Tally ERP9 Practical I Case Study 1 Bank ...
Tally.ERP 9 has advanced integration capabilities in the form of Application programming interfaces to make the software extensible. Tally is the most demanding ERP software available in the market. The course content is going to teach students in detail onhow to manage accounting, Inventory, orders...