Fixed assets acquired in FY 2010-11 were not shown in audit report of FY 2010-11. Can we show fixed assets in audit report of FY 2011-12 ? As per my opinion we can it as significant error while preparing financial statements and correct in FY 2011-12.

WHAT IS THE ENTRY FOR HIRE PURCHASE AND INSTALMENT PURCHASE.

WHAT IS THE EFFECT IN FINANCIAL STATEMENTS?????????
PLZ REPLY AT sheladiya.shailesh@yahoo.in


THANKS

IF COMPANY PAY 10,000 RS AS CORRUPTION TO ANY GOVERNMENT OFFICER THEN WHAT IS THE ENTRY????????
CHARITY & DONATION DR 10,000
TO CASH OR BANK 10,000
IS IT CORRECT???????????
IF WE ENTERED UNDER CHARITY WE MUST HAVE RECEIPT BUT FOR CORRUPTION THERE IS NO ANY RECEIPT.

PLZ REPLY AT sheladiya.shailesh@yahoo.in

THANKS IN ADVANCE

Dear Sir,

In the recent past, Many NRI holding companies are pumping funds to their indian subsidiaries(?) in the form of share application money.

These Indian companies are utilising these funds for making investments/ acquiring assets and/or for day to day business purpose.

Is share application money can be utilised for above said purposes? If so, under what sections of companies act/ fema?

Please explain?

we are partnership firm, and one of the partner had given donation to aids cure center pls tell me under which head should i put donation, one of the accountant is of view that it will come under indirect expenses but i knw its wrong, is it drawings, pls let me knw the proper group and heading for ledger


thanks

sir / madam

can you tell me the treatment of tooling advance in books of accounts and tax

Hi all,
I m in Interior Designers Pvt Ltd co. We do Interior Designing for Corporates. for late work at site we give food and tea exp for labour. I want to know that in which head these exp will go??

Please tell me entries needed for salary process.
1) Salary Payable
2) Salary Paid
3) Statutory contribution from Employer's.
4) Payment of contribution with administration charges.

Where To disclose Wealth Tax Paid in CFS ?
and what is the reason for the same...?

Dear experts,
Ours is a Unlisted Private limited company. We used import materials from outside India on credit.When we import the exchange rate of dollar will different when compared with dollar rate on payment date. How to account for such different rates. Can anyone clarify my doubt in detail & how to treat it in books of accounts.
Thanks in advance.