hi,
i want to knw which account shall we use to w/off misc expenses & whn we use p&l a/c to write off misc exp?

Example: "If a company has received a bank gaurantee from a customer and the company discounts the bank gaurantee what should be the accounting treatment. Should the money received from bank gaurantee discounting be recorded as received from debtors or the same should be recorded as a liability or loan."

In my opinion it should be shown as a liability but i am not confirm about the same.

can provision of interest income be made in accounts????
if interest is for current period
e.g if fixed deposit is created on 1-1-11 and current year is 10-11,and if f.d is going to be breaked in month of april next year what is accounting effect to be given as on 31-3-11???
there is no date fixed on which interest is going to be received.

I purchased a old and used generator from gujrat when it comes from gujrat throw my own transport police deduct a challan of Rs. 13000 due to overload of truck .so I want to ask that can i capital that challan amt. in generator cost ? if no where i can book that cost in my account. reply fast.

Hi Frdz,

I have a confusion in calculating ROCE(Return On Capital Employed. It is arrived at by dividing operating profit by capital employed.
What is operating profit here?
What all are to be included and what to be deducted?
Is it same as EBIT?

PLZ HELP ME OUT.........

FD Creation Date -29-03-2007
Rate of Interest -- 9%
Maturity Dat --29-03-2012
as per bank maturity value is -17165/-

but i am not getting it that how calculate by bank this interest .....

as per bank accured interest per year --1233

as per my self -1184

please suggest me how calculate by bank of same interest ---6165/- for five year

FD Creation Date -29-03-2007
Rate of Interest -- 9%
Maturity Dat --29-03-2012
as per bank maturity value is -17165/-

but i am not getting it that how calculate by bank this interest .....

as per bank accured interest per year --1233

as per my self -1184

please suggest me how calculate by bank of same interest ---6165/- for five year

how should the interest subsidy on term loan received by a textile mill under Technology Upgradation Fund (TUF) be accounted ? .

I purchased a old and used generator from gujrat when it comes from gujrat throw my own transport police deduct a challan of Rs. 13000 due to overload of truck .so I want to ask that can i capitalised that challan amount in generator cost ?if not where i can book that amount in my account books

Respected Sir,
I want to know whether if there is delay of one or two days while filing tds return (24Q & 26Q) then will it create any problem for company.

do we have to penalty for late filing alongwith return or when query comes

Thank you