Our co provided car to his employees on following terms.

20% of Car value is paid by employee to company and company pay 100% to vendor and car purchased in name of company.

after five years car will transfer in name of employee and employee bear the transfer cost.

All running & etc exp will born by employee.

during 5years terms a installment will be deducted from employee salay as per following calculation.
Installment amount = Total car value - 45% of car value- 20% of employee contribution – divided by 60 months

Please let me know the proper entries which we book in our books.

anybody have draft balance sheet of catering business, i have urgent requirement of that so please send it me on my e mail id pragnesh1011@gmail.com

Dear sir,

Why we will call profit & loss why can't we call it as profit or loss a/c because the balance amount will be profit or loss ?


Thanks in advance

in company final account ,why interest paid to debentures is debit to p&l a/c? And why dividend paid to share holder is debit to p&l apporation a/c. ?

which are the accounts to be prepared in case of:
Doctor
Businessman (shop owner)
co operative society (any schedules?)

Dear Sir,

Our ompany is yet to Publish one book, for that we are collecting Advertorial Charges and the Book is ordered 1000 copies by one of Our Client for that he will pay to us 3 Instalments Advance at the Commencement of the book and 2nd inst is at Printing and Final Instal is after Delivery.


My Problem is the Project is not yet Started but our company is Collecting the Advertorial & Books order Amount by Raising The Invoice is it correct or Not

Whether we should Raise Invoice Or Not

and The Taxs Applicable To Printing of the books any


Please Suggest me Very very Urgent

Sir, What is the maximum cash to be taken in one receipt. Please help me.

PVT LTD COMPANY HAS A CAR. THE COMPANY PURCHASED ALL 4 NEW TYRES FOR THE CAR AMOUNTING TO RS 18000 AND SERVICE CHARGES TAKEN FOR FITTING THE TYRES -RS 700.
AS ALL TYRES ARE NEW AND IT WILL INCREASE THE LIFE OF CAR. WILL IT BE 'CAPITALISED AND ADD TO WDV OF CAR' OR EXPENSED OFF?IF CAPITALISED THEN RS 18000 OR 18700.?

Salary paid to driver of company, shall be shown on payroll ?

If salary paid to driver of company for working on sunday. What is the treatment for disclosure ? Whether it shall be added on payroll or shall be shown separately, as misc. ( office ) expenses ?

valuable contribution of experts requested.

What is the accounting treatment in the books of company, for any perquisite received by the employee, from the employer ?

e.g. if, company is paying for fuel or car maintenance to employee for partly personal and official use. Then, expense should be booked as salary to employee or conveyance exps. of company ?

please express your views.