In the financial statement, the figures of gross profit are derived by deducting the Income from Sales and services minus the costs of services. When the cost of services is arrived at the increase/decrease stock intrade is shown. the increase in stock in trade is deducted from the cost of sales. The logic behind this may please be explained.

What is difference between depreciation as per income tax & depreciation as per Company Act.

Plz, advise for the following accounting entry...
If existing Shares call UNPAID and Co. declared BONUS Issue.so It will first Set off Against Unpaid calls and then as bonus form of dividend ..Then what will be entry in an Individual's Books of Account??
Thank you..
hv a nice day

A company amount paid as security deposit to one of the service company then there was lot of transaction between both company ...
My question s how do show the security deposit and other transactions in Tally..

My Client having total Prof receipts Rs. 16 Lacs. Total income truely decleared Rs. 965000/-. Tax adjusted with TDS and there is refund of Rs. 21500/-. 100% income through Bank. But there is cash expenses.
His cash balance now showing negative of Rs. 190000/-. His source of cash expenses is cash received from spouce. but he is not ready to show it as a gift or uncecured loan. There is no manipulation in accounts.

Please suggest me how I generate required cash so that no additional burden would arise and cash balance also be positive.

whether advance rent is taxable in the year in which it is received?

what is debit?and what is credit?

respected sir/madam,here i have one doubt regarding debit and credit?
what is debit?and what is credit?will you give clear information about these aspects........

Respected Sir,

How to prepare MIS of Pvt. Ltd. Co,.

Please help me

Hi All ,

We need to pay amount to employee on the date of joining for food and stay Rs.25000 to settle in chennai , how to treat this in accounts please help