Dear Experts

As per old schedule VI preliminary expnses and miscllaneous expenses not written off shown separately in the balance
sheet after net current asset. New schedule
not prescribed to show the above said items in the face of the Balance sheet.Then where it is to be shown
in the new format of balance sheet.

Kindly Clarify in this regard

Yours faithfully
Santosh Kumar

I have an FDR Rs.5,00,000/- as on 31.03.2011. On 14.06.2011 the FDR matured alongwith interest Rs. 534060/-. On 17.06.2011 reinvest the FD to Bank. The Bank issued me a Interest & TDS Certificate as on 31.03.2012. The interest comes to Rs.44316/- and TDS Rs. 3711/-.

Rate : 6.75%

FD Amount : 5,00,000/- & Maturity Value : 5,37,086/-

DOI : 20.05.2010- & DOM : 14.06.2011

I got on Maturity Rs. 5,34,060/- and Reinvest on 17.06.2011.Effective Rate of Interest Rs.8.75%.

Need EXPERTS advice for making entry in my books of Accounts.

hi,



Please tell me wat is Form 38 actually..........is it necessary for all interstate purchase & Sell to issue Form 38 .............please help me.........

Dear Sir,
We have paid some amt as penalty to govt. department Like to sale tax Department on self assessment cases, is that allowed as exp in P&L a/c or disallowed ?.

If we get Same problem with Service Tax and Income tax then what to consider allow or disallow ?.

Waiting ans.
Regards
Keshav

when the company issues shares,then the entries passed are

1. for receipt of applications
bank a/c....dr
to app a/c

2. for transferring app money to share capital a/c
app a/c......dr
to share capital a/c


3. for the allotment due
allotment a/c....dr
to share capital a/c

4. for allotment money received
bank a/c.....dr
to allotment a/c
friends.....my query here is

why is there a need to pass the 3rd entry i.e., due entry
we can pass the entries when we receive the allotment money...like this
bank a/c.....dr
to allotment a/c
later transferring to share capital a/c........please reply

hello
is there is any one who provides me the materials on US GAAP.

Any kind of material / file or any link from which i can get that stuff.

and also refer me the hand book on that.

thnx in anticipation.

A Pvt co used to charge depreciation under wdv method using income tax rates, now it wants to charge depreciation using rates provided under the companies act. Does it constitute a change in accounting policy? How will the difference arising from retrospective calculation be treated under the revised sch-VI? What additional disclosures are required fro the same..

Regards,

hi friends its argent pls reply me.
in our client company the following query asked for the accounting treatment.
service invoice received from NRI for $12500 on 01.06.2012. its attract TDS at the rate of 10% under section 195.amount paid on 07.06.2012 by US dollar.currency rate on 01/06/2012 Rs.56.208 per dollar,on 07/06/2012 Rs.55.131 per dollar .
My Query is
1.how much amount are to be deducted for TDS?
2.what entry to be passed for entire transaction including profit/loss of foreign fluctuation?

dear experts,

is it necessary to all partner to bring capital in firm at bigining of firm?
or
they can bring capital at diffrent time as per firms need
for example
capital of "A" on 01/01/2012 60000
"B" on 01/01/2012 60000
"C" on 05/06/2012 60000
will it do?
please guide
thanks

hi i hv just completed my 12th wid scince stream-phy chem maths nd computers....i want to do CA ...shud i do bcom or bcom honors wid CA? whihc wil be best for me....i wil do the graduation course on distance mode...pls help me chose between bcom nd bcom honors....so dat i can complte my CA wid more attention