Hello all,

I have recently been appointed in a Engineering & Fabrication company. Its manufacturing company of Telecommunication parts & accessories ,
which do not have a proper finance division up to now.

My responsibilities will be to plan and implement all the activities relating to finance division.

I need some professional advice, about how to take a start and make my position strong in the company.

I'll be thankful to all of you.

Regards,
Yoge

what will be the journal entry for interest earned on an asset and why?
as per my books it is
ASSET A/C....DR
TO INTEREST A/C

HERE INTEREST IS NOMINAL A/C, SO IT IS CREDITED BUT WHY IS ASSET IS DEBITED???
HERE BY EARNING INTEREST, THE VALUE OF THE CONCERNED ASSET IS NOT INCREASING THEN WHY IT IS DEBITED???

wat is d trtment of proposed dividend while preparin cash flow statement?

1) accounts starts where bookkeeping ends. is it correct?
2)which of the following is considered while preparing finacial statments?
a)non monetary assets and liablity
b)monetary assets
c)monetary liablities
d)none

Whether a fixed amount of conveyance paid to labourers is considered as wages or conveyance

our 20 clients wins following rewards for achieving sale target

1) Colour Tv
2) Foreign Tour

we are paying directly to company from whom we purchase tv / ticket.i need following clarifications

1) Is it to be treated as commission
2) Is TDS applicable. if yes , let tv cost rs 6000/- that amount i paid to company from whom i purchased tv ,then how i will pass a entry.is it to be grossed up.
3) Under which head i need to book expense
4) can i treat and book above as gift

please help me about this entry that an advertising company payment made by ECS then what entry made for that in tally?

Dear expert,
I have a new client which is an LLP company and they have license to run a Bed & Breakfast place. They do not run a restaurant. Please advise under which heads will the following expenses be covered:
1. Purchase of food items for Guest Breakfast
2. Kitchen utensils, crockery & cutlery
3. Soft furnishings (mattress, sheets, curtains etc.)

When a company having its year ending in Mar 2012 have extended their financial year to 18 months(i.e Sep 2012) as per sec.210(4), Which schedule VI format should they need to follow?

Thanks in advance,

Dear Sir,
Kindly give me the Suggestion to Maintain a books to our firm, Actually we are a LLP(Limited liability Partnership)guide me to What are the Important books to maintains in normal firms, because i am a Fresher to accounts i Didt know about the full accounts book maintains
Kindly give your guides to our firm

waiting for the Reply

Regards
Mohanapriya.R