My client has not provided for DT, this will be the first time applicability of AS22. For the current year there is DTL, and for the prior years for which no provision of DT was made, there is DTA. DT is arising only due to depreciation and no other item. As per AS22 on the first time applicability DTA/DTL should be charged or credited to revenue reserve. My question is how would you treat the DTA in the above case. Where do we show it? How do we disclose it? The company has substantial General reserve and PL balance. Thanks in advance for your help.

What is the interest and penalty for non submission of c forms under the CST act.
How we can debit to the customer.

What is the total amount required for paying monthly,quarterly and half yearly for the professional tax collected from employees.I mean the slab for monthly,quarterly and half yearly return.

my client is into multiple government contract but all the contracts are clubbed under of 1 company (ABC infrastructure Ltd) with different units (eg, unit 1,2,3....). the main unit ( say HO unit) where there is no business but all the expenditure are booked & investment like in fdr & interest are also booked . at the year end all the units along with HO unit are consolidated.

since the contract is for a specific period & after completion of contract the unit is closed, so there is no point in floating a new company for every contract

my querry is i do not find this system right in terms of disclosure of exps under 1 no operation unit ,as i will not come to know the true picture of each unit as in the contract is profitable or not

can any 1 suggest me the correct accounting way to maintain these units under 1 company so that i get true sttatus of facts & Figures

any if the contract is completed & the unit is closed than accounting standard " Discounting Operation " will be attracted or not

Dear Sir,
We are mfrs.unit & as per one of our expert suggestion vat will not be charged on freight & tpt chgs in maharashtra. But one of our well wisher gave us detail of vat rule under which vat will be charged on freight & tpt chgs. I am confused, which rule I have to follow? Pls Suggest.

Giving hre brief of that rule.

Rule : (25) ?sale price? means the amount of valuable consideration paid or payable to a dealer for any sale made including any sum charged for anything done by the seller in respect of the goods at the time of or before delivery thereof, other than the cost of insurance for transit or of installation, when such cost is separately charged.

pls suggest.
Tnks.
Reshma

Dear Freinds,
I am going to give PCC Nov 2011 attempt. Please suggest which are the best book to clear the concepts for Advance Accounting, Costing & FM. I am not able to clear these two subjects.

DEAR SIR,


I WANT THE JOURNAL ENETRIES FOR SALARIES. IF X IS A EMPLOYEE IN A COMPANY. WHAT IS THE SALARY ENTRIES FOR SALARY PAYABLE, SALARY PAID , SALARY ADVANCE & SALARY ADVANCE RECOVERED.

SALARY PAYABLE-CURRENT LIABILITIES
SALARY EXPENSES- INDIRECT EXPENSES
SALARY ADVANCE- CURRENT ASSETS

THE ABOVE MENTIONED HEADS OF ACCOUNTS ARE CORRECT OR NOT. KINDLY GIVE THE ANSWERS

Pls send me the list of accounts that a hotel has to maintain or just tell about the accounting systems for hotel.

Also tell what other regi. n taxes are applicable for hotel which not provide foods but only provide rooms on rent.

sir
Am i going for revalution? i am scored in pcc in accounts 26 & 49 in law &59 in audit. in.i think i got more in accounts.am i going for revalution.plz guide me

Dear sir,

Pls guide me about the revenu stamp and when we will be use this stamp in the expenses voucher ?. What,s limitation of expenses voucher in that case there is no need to paste of revenue stamp in the voucher.