My question is if I sign a Works contract in Feb 2011 and received advance in March 2011 but the works actually started in April 2011 can I book advance received as my income on 31st March 2011 as income for the F Y 2010-11. pls suggest

Dear Experts,

we have paid remuneration to a director @ Rs. 10K p.m. for the f.y. 2010-11. remuneration paid on 07.04.11 for the m.o. march and made a provision entry remuneration payable to director of Rs. 20K on 31.03.11 for non payment for the m.o. march 11

so when i am doing salary certificate (10-11) what amt to show is it 10Kx11 = 110000/- or 10Kx12=120000/- please guide me

REPAYMENT OF SECURED LOAN INVESTING ACTIVITIES OR FINANCING ACTIVITIES AS PER AS-3, I THINK FINANCING BUT I SEE IN A AUDITED BALANCE SHEET IT TAKEN IN INVESTING ACTIVITIES SO I AM CONFUSED ,,,

Experts

In some questions it is not mentioned whether it is Amalgamation in the nature of purchase or merger. So, can we assume any method in these sort of questions ? or First we have to check the Five conditions of merger & then decide ?

Plz answer from Exam Point of view.

My client is planning of form local political party ...the party is already registered but i want to know the its accounting.....what all items are to be considered while making the financial statement.... and what points are to be considered for audit of such political party...
Please reply on urgent basis

Dear Sir,
i am accountant of a electronic firm, i am making balance sheet of firm, pls. provide me Deprciationn rate according to co. act,
i am confuse that, rate of deperation on mould -40%, but mould is co. under plant & machinery, so i charge deperation on mould 40% or 13.91%, because on plant &machinery depr. rate 13.91%
so pls. guide me

Thanks,

Umesh Bhardwaj

Sir,
While preparing B/S for the year ended 31/3/11 debtor as following posstion

Debtor 200000
Less:- Advance from
Debtor 300000
--------
(-)100000
---------
sir please tell me how should i shown this the B/S

its urgent

good morning dear expert,
i m from uttarakhand i want to no about wct in uttaakhand.
What is the actual concept of WCT? when it is required to be cut? and what are the consequences if not cut by a co.

y is it that in case of dissolution cash balance is transferred to cash account but in absorption it is transferred to realisation account ?

pls clarify me regarding Difference between traveling expense and conveyance expense...

Both expenses same r vary?