Sir,
I have yo ask
1)Whether we can modify Revised Schedule VI as per the our requirements
2)Whether we can give additional disclosures by way of Notes to Accounts.
3)Some items which are not applicable, whether those should be ignored or we should write nil at that place.
4)Can you please provide Financial Statments Of any enterprise as per
Revised Schedule VI.

I have made sales and material is returned....In this case i have to issue Credit note or party can issue Debit Note to me.....i just want to ask whose responsibility is to issue note?

What is salary due entry in tally with PF, EPS, etc... When is salary due and when should the entry passed in tally.
Pls solve my query friends thanks in advance.

pl. tell me accounting treatment of income tax refund

05.06.2012
Dear Sir,
Our company is an exporter and local seller both.
One Indian debtor of our company do not paying payment. The outstanding amount is about 50 lacs. Can we made provision for doubtful or bad debt and charged it to P/L a/c? with how much percentage?

Pl. advice.

Our client is charging depreciation on fixed assets based on useful life of assets(S.L.Method) under books.

I read that depreciation will be limited to 95% of the cost of assets?...pls tell...what will be done of 5% in books


Further there are some assets whose net block reduced to NIL although assets lies physically. Should we keep some value in that block


pls advise for the above two issues

one of my client is carrying real estate business.

company had purchased land & started construction over it.

Now I know it can capitalised the interest of borrowing i.r interest paid by co on its unsecured loan .

but my doubt is that can Interest can be capitalised even it company doesn't actually pay it & only passes a journal entry.

Please help

in case of tution fees for which deduction is claimed under section 80c is it correct to show in profit and loss account by transfering tution fees to profit and los account.

Hi,
One of my client have started business as Proprietor now during 11-12 i.e.01/07/2011 he converted it into Partnership Firm.
But all Invoices & other Bills issued in the name of Proprietor name & PAN so TDS also deducted on the name of Proprietor only.
Now on paper no business is there on P'ship Firm. Can you please guide me how we can account for so that some business can be reflected in P'ship Firm name.

TTD, Tirupati has lots of gardens in which flowers are grown and sent to Lord Balaji for daily rituals. No other sale is made out of that garden. Garden dept in TTD is a cost centre.

Now when new plants are planted in those gardens..what is the nature of expenditure? Whether it falls in capital or revenue?

What more types of expenditure will be of capital nature that can be used in gardens?

Please clarify in relevance to accounting standards.