If cash is remitted by our customer in our bank account, to account the same, is needed to pass entry in cash book by issuing a cash receipt to customer and then passing a contra entry or credit the customer in bank book without entries in cash book.
which is correct ?

Respected Sir

I am working as accoutant in manufacturing company.I handel taxation ( MVAT,Service tax etc.) My qualification is B.Com. D.T.L.(Diploma In Taxation Law in Symbiosis Law school Pune.& G.D.C.&A. I am Intrested in Taxation. Please tell me How Start Practice In Taxation[ MVAT, Service Tax,Sales tax]. What is Procidure For this Practice.

Thank You

E-mail sachinmore53@gmail.com

In a company, while going through entries for the current year, it is found that many expenses related to the previous yeari.e. march2011 is entered in the current year . Reason given is that the bill was not received in the last year . No provision for these expenses in the last year is made in books.

what should the accounting be done for these expenses.
tank you.

Dear Experts,
Please tell me if I am preparing balance sheet for every month then I should take assets value in that balance sheet or not.if I should take then please tell how and the entries for the same.

Respected All

Please tell how the journal entry will be passed in tally when goods are used by the proprietor for his personal use when accounts are maintained with inventory or without inventory.

Thanks in Advance

Sir, I have passed group 1 of CA final and hav appeard for grp 2 awaiting results. Planning to carry out Advanced Certificate Program on IFRS: Implementation and Compliance by KPMG in collboration with NIIT imperia. How much beneficial will the course be for me?

Hi
Can anyone tell me the entry for the following:

1. Rent Paid Rs.12000/- (which is included for the whole year
i.e Jan to Dec) and they have asked me to give Journal
Entry for the Month of Jan, Feb and March
2. Provision for Bad and doubtful debts

Thanks

pls sm1 clear dis doubt for me.its very basic one but m very confused on it

as we knw dat a process account is a nominal account,n accounting principal fr nominal acount is debit all expenses n losses,credit all incomes n gains. den y we post normal,abnormal loss in credit side of process account n abnormal gain in debit side

Can any one please show the Excel formula of converting Numbers into Words in the same sheet

Hi,
I have a query on capitalisation of asset below the Company threshold

Eg: The Threshold set for capitalisation by the Company is $5000. Should the printer purchased for $2000, be capitalised or written off to the P & L account (SOCI)