What will be the accounting treatment of purchase bills bearing date 31.03.2011 but received only on 04.04.2011.In what period will the purchases be recorded and what will be the entries in both the years????

Work and Career Profile and Guidance

Urgent Counselling / Advice and guidance needed on my job/work and career profile:
I am in mid thirties, post -graduate without any practical work experience or say work experience.
I have done B.com-49% (regular college), 2000 and P.G.D.B.A.-2006 Specialisation in Finance Management. Through Distance Learning / Correspondence (Private Institute).
Before PGDBA, I was pursuing C.S., But unfortunately I did not passed any intermediate groups. I had passed C.S. foundation course in 1997.But due to my graduation I could not clear any Inter group. I passed my subjects but not aggregate marks (50%) in the one group.
After Post-Graduation diploma, there is a gap of 5 years till now(2011). Now I am searching job because of regular income.
The problem I am facing is Nil work experience in my Bio Data. I am being offered:
1.) Account Assistant job (tally knowledge is required.), But I don't know tally. And Advanced Excel.
2.) Payroll executive job: I don’t know anything practical about payroll.
I am in Dilemma, confused. Since there is a lot of gap after doing my B.com, (it is 10 years gap), I think I forgot my accounting knowledge which I learned in B.com and PGDBA.
And another problem is that with I have to sign Bond of 1.5years / penalty of 6 times salary.
Since, I think I forgot my B.com knowledge, IF I proceed for training in accounts/ Tally and/or payroll , I don't know whether I will be able to continue and that's why I am reluctant to sign the bond.
Please answer and guide me:
1. Shall I learn tally in the blank condition what I am .I mean to say that I did B.com 10 years back so I have forgotten all the basic/ all concepts of accounting. Is it right or will I be able to use tally easily. Is tally easy?
Suppose, I have forgotten everything about account, then can I learn it in short time?
Like 3-4 months time. Please guide me.
2. Shall I join as payroll executive; take training in Payroll by the company. And make career in Payroll. , since I don't know anything about payroll, which accounting concepts are applied in Payroll process, I don’t know. So, will I be able to learn Payroll without knowing accounts knowledge.
Since I have not worked in any company I don’t have practical experience.
Shall I join tally and excel training institute?
3. What options or career’s or jobs are there in commerce/ any field which I can directly join in today’s date.
4. Which jobs are there in the job market for B.com & PGDBA in finance?
5. How do I search job in finance field in which no accounting knowledge is required.
6. Which company's do I look for jobs?
7. Please explain finance operations jobs.
8. Which type of Jobs I search for.
9. I urgently required a job.
10. Shall I change my field for Sales or Marketing? I am confused since I doubt myself that will I be able to do sales or marketing job?
Please Help me.
Thank you in anticipation.

in company a/cs we have to ans accrdng to in revised frmat or sch VI???

if there appears a sport fund, then the expenses incurreed on sport activities will b taken to income and expenditure account or not???
sir plz answer my query with some logic and in easy way!!!...thanks

Hi!

I want to know that it is mandatory for a limited company )not a listed company) to prepare consolidated accounts. If yes kindly give me reference of that section.

Thanks in advance

Could anyone give brief explanation on reconciliation of accounts payable?

Hello dear,

Our management has desided to change the metod of depreciation from the SLM to WDV.
Can we do this?

And how to treat the resulting difference in depreciation?

Whether below the line or against the current year profit?

Thanks

my query is about valution loss booked while comparing cost or market value whichever is lower?
i have purchased 100 share of Rs 100000 and the market value as on 31/03/2010 is 90000.Therefore we recognized Rs 90000 as value of shares lying in stock in trade as on 31/03/2010 and booked Rs10000 as valuation loss. now as on 31-03-2011 the market value of same share downs to Rs 80000, my query is from which amount Rs 80000 is to be compare, whether 100000 or 90000 foe the valuation purpose as on 31/03/2011.And how much valuation loss should be booked as on 31/03/2011

If a company pays MAT for year 2010-11,then while calculating defered tax liability ,which tax rate to be alpplied?MAT or normal rate of tax?

Also if normal rate is applied will it be 30+ surcharge+cess or 30.09%. since the company is having loss as per income tax. pls advise

As per Section 212 of Companies Act,1956 if Indan Co has Foreign Subsidiary Company Accounts are to be converted in Indian Standard and then filed with ROC,

Is it Compulsory to convert this accounts form statutory auditor or can we get it Converted form any other Auditor also