adjustment

1)The creditors outstanding for library books amounted to Rs. 30000 at the end of the financial year 2009–10.

solve adjustment.

thanks.

suppose i am managing limited company' book of accounts. if my company has sold the goods of rs. 1,00,000 and it has received rs. 75000/- by cheque.

so can we now take rest rs. 25000/- in cash from our sundry debtors yes or not as per income tax rule.

yes or not give me reason for it.

May anyone tell me that what is ifrs and how will be used in the company or others?????????

Dear Sir,


Is there any concept called "100% depreciation" in accounting.
Usually,an asset acquired has a lifetime less than one year is written off to p&l...that is, it is an 'expense'.

sir, please give the mode of Income tax depreciation calculation (rate)on the same.

I am working last 10 years in accouunt filed , in following organisations

KUMAR BUILDERS 3 YEAR

MRC LOGISTICS PVT LTD 2 YEAR

In kumar handel E & Y AUDIT up to finalisation.

In MRC Logistics MANAGE Account payable and receivable .

I am getting increment in MRC

but I am not satisfy.

Net earning 25000/- per month

Now I am looking for better propects what should I do

Please guide me .


regards

Yogesh Khare

Hi,

we have received interest on FD & Bank deduct the TDS on interest.

what entry will be made??

interest should be added to the total amount of FD

please reply soon

can nybody tell me the calculation of employee & employer contribution to provident fund & employee & employer contribution to Employee state Insurance. & also how we take it in the books of accounts of organization. plz explain

Dear Experts,

We have formed a 100% subsidiary co in Dubai to acquire a company in Italy.

We have done due diligence & has paid the due diligence exp from our a/c's i.e. from holding company's a/c. holding company has debited these exp.

Is this treatment is right?

Subsdiary co. will not be doing any business activity there, if subsidiary company debit this exp, then there will be loss on its financilal statment. In this case can holding company debit the losses in its book incurred by its subsidiary company during the year?

Waiting for your reply...

Thanks in advance..
Regards,
Sushil.

Dear Sir,

I have purchase some spare parts of machinery as free sample... which is not return to customer.. same time not to pay any amount to customer... please clarify what is journal entry..

I am searching for a CA in Pimpri Chinchwad area in Pune who can look after work relating to Sales Tax, Income Tax, Profession Tax for a new startup SSI mfg company at reasonable charges.Please suggest some names with phone nos if possible.