One of my client is a sub contractor. on completion of sub contract work, he receiveds only 80% bill out of 100% bill. What is a/c tretement & income tax position.

Sir

I have made a provision of gratuity in the Balance Sheet 2009-10 but during 2010-11 some employees left the job without completing 5 years so that their amount will be reverse while calculating the gratuity provision for the year 2010-11.

Pls. advise

Thanks

My company is in its first year of business.so it has shown profit as per accounts but as per income tax its still in loss. so my question is whether i need to consider the loss for deffer tax calculation ??...

Format for MIS reports

Can you pls clear my doubt as below?

I am having some packing material in my closing stock which values rs.10000 (1000nos @rs.10/- each)

Since these packing materials are not in good condition, I would like to scrape it and sell it in local market for Rs 4000/- (1000 nos @Rs.4/- each)

Now, my doubt is whether I have to make the provision for the unrealized money of Rs.6000/- in my book.

Is it compulsory to provide as per AS?

Hi, Could any one answer on if I have constructed Building / made a road on lease land. The lease is for 20 years and has renewable clause. Should I charged building, roads at 20 years. If yes than what happens if I renew lease since by that time, Building and Road would be fully depriciated.

Dear Sir,

i compare trail balance closing bal.31-03-11 and 1-4-11 opening bal. match.

i have doubt what item will come April opening bal.
direct and indirect expenses bal. is come under Profit and Loss account.

what item we transfer into new year opening trail balance.

Thanks

sir/maam could u plzz tell meanswer for this

on retirement of a partner, a machinery having the book value Rs 120000 is appriciated by 10 % then what would be its entry

thanks in advance

could u plz guid what would be the answer for this adjustment

the average mothly sales during the year prior to june & july was one and half that of average monthly sales during the post of these two months ( june & july )

& in balance sheet the amt of sales given is Rs 400000

thanks a lot in advance for the help

P and Q are partners with PSR 1:1

R is admitted as a new partner for 1/4th sare which he fully receives from Q

then what is the new PRS of P Q & R