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.

hello,

my client has group companies engaged in stuffing/destuffing at CFS. out of which a proprietory concern was idle with no operations.it lent its equipments on hire to its group concern and the income accrued is treated as other sources and not business income.

is the treatment correct.??

please recommend some case studys.

We are exporting Fibre to various customers residing out of the India and due to that we are eligible for DEPB incentive scheme of 5% introduced by Government. We take provision on the basis of actual sales, however We made application for DEPB only after actual realization of goods exported. There is a difference in incentive amount because of difference in actual realization and actual sales booked. Here, the issue is, whether we can book this difference as a foreign exchange gain/loss as per AS-11.

Your expert advice is requested.

Which groups a/c is supported for these ledger A/c in tally for school purpose ,i.e.Fees A/C, Teacher's Payment A/C, Admission Fees, Exam Fees, Etc for Journal Entries

1.Is Impairment expenses includes cost production for valuation inventory?
If not why?

What about printing & stationery , postage and telegram expenses?

Can any body provide me any accounts / model accounts, drafted under the new Schedule-VI format during the financial year 2011-12.

I am interested in the how the financials relating to P & L , & B/S has been presented through the notes to accounts.

What is deffered Expenses ?? What are its implications in accounts ??

HI,

I need the exact accounting treatment of the following case in respect of forex rate difference:

An asset was purchased for 1000 USD on 10/5/2010 (rate of excahnge 1 USD = rs 45 as per bill of entry).

case I: when paymen is made to the party on 1/1/2011 the rate of USD was INR 48.00

case II: when paymen is made to the party on 1/1/2011 the rate of USD was INR 43.00

case III: when paymen is made to the party in the next financila year i.e.15/4/2011 the rate of USD was INR 43.00

Franchisee fees is capitalised in the accounts.

Now the stamp duty is paid in the next year on demand from department.

How will the stamp duty paid be treated ?

Whether it should be capitalised or considered as revenue expenditure ?