In accounts what is the meaning of
" reserve" and
"Capital Reserve"..

Hiii,
If any company TRADING IN SHARES give application money to other company (allotment pending) for purchase of shares of that company then How that application money to be shown in Balance Sheet as per schedule VI format??? WILL IT BE SHOWN IN PURCHASE OR WILL IT BE TREATED AS INVESTMENT OR WHAT OTHER TREATMENT CAN BE DONE PLZ GUIDE

Mr X Has some investment which was not show by him in balance sheet.
and now he get some gain (interest etc) from investment...

so now what treatment to do with account for show mr x's investment in balance sheet& that income in pnl...???????

HELLO EVERY ONE

HOW TO TAKE DUE ENTRY IN TALLY IF I HAVE A BILL OF 250000 OF A PARTY ( ABC CO.) WHO DESIGN THE OFFICE SETUP , AND I HAVE DEDUCT TDS 10%

THAN HOW TO TAKE ENTRY IN TALLY ERP 9

PLEASE GUIDE ME
WITH THANKS

Dear All,

We are large manufacturer of "Rubber" and for that various small componant requier, now my Q is that, we are paying some "REPAIRS & MAINTENANCE" for some product which is use for rubber manufacturing now all these repairs bill shall we book under the head of purchse or we directly book under head of Diret exp. plz expain with brief solution

Is there any notification that salary and wages have to be paid by cheques to all employees.
Can somebody please reply and solve this query of mine urgently.

Please anybody clarify me. In new syllabus of Financial Reporting only AS and diff between IFRS & AS are must or only IFRS is to be read. I have to say that AS is not to be read for forthcoming Nov,11 exam. VERY VERY URGENT URGENT URGENT. I belonged to old syllabus of Final and now going to give attempt Ist time in new syllabus.

The amount is cleared in Bank on 31/03/11 as insurance commission but we have taken the receipt on 03/04/2011 on which we have deposited the service tax also in April.

Please clarify which entries have to be passed on 31/03/11 & 03/04/2011 regarding the insurance commission received.


Thanks in Advance.

SINCE WE ARE PROVIDING WAREHOUSING SERVICES AND IN THE FINANCIAL YEAR 2010-11 AN ADVANCE AMOUNT OF 17500 RECEIVED FROM OUR CLIENT WHICH WAS DIRECTLY BOOKED INTO THE WAREHOUSING INCOMES INSTEAD OF ADVANCE RECEIVED FROM PARTY FURTHER WHEN THE SERVICE COMPLETED THE FINAL AMOUNT DID NOT ADJUSTED WITH THE ADVANCE AMOUNT RECEIVED AND FULL PAYMENT AGAIN RECEIVED FROM THE CLIENT IN THE FINANCIAL YEAR 2010-2011 ITSELF. NOW IN THE FINANCIAL YEAR 2011-2012 IT IS COME TO OUR NOTICE AND THE EXCESS AMOUNT OF 17500 IS TO REFUND TO THE PARTY.
SO PLEASE CLARIFY THE ACCOUNTING TREATMENT AND ANY TAX IMPLICATIONS IF WE REFUND THE AMOUNT IN THIS YEAR AS OUR CORPORATION HAS PAID 33.33% TAX ON SUCH INCOME.SO CAN WE PAY THE WHOLE AMOUNT OR AFTER SOME RECOVERY ?

Dear Sir,

What shall be the Accounting and Law implications in case if A private limited company is holding of a Public limited company.....

Regards

Rahul Ahewal