Hey Can anyone tell me the difference between the very common used terms "Attached" & "Annexed" in the Balance sheet????

we have 2 Project in a Firm now we are seprating the project in 2 firm. So, how to transfer the Stock in new firm? what will be the journal entry in tally ?
is it P&L Dr.
To, Partner Capital a/c

As a Organisation Policy useful life of Property, Plants & Equipments is considered to be 50 yrs. What is the accounting treatment if one of the property is very old & it has already depreciated for 50 yrs but today it has got a nice fair value. Should the revaluation be treted like that of land and no further depreciation is required to be provided?

ours is a construction company, we had made a provision for taxation for rs.315000 as on 31.03.10, there stands a dr. balance of tds deducted by client of rs.750000, the tax liability is rs.198000 and net refundable amt is rs.552000, how to do the adjusting entries, pls tel

Dear All,

I have two minor children.

I had done Mutual Fund SIP of Rs.10,000/- per month in the name of my children.

Mutual fund SIP amount is debited form my savings account & not from childrens savings account.

Can you please tell me hoe to account for this SIP in my Books of accounts.

Thanks to all in advance for your early positive response and guidance.

How to treat interest payable/ receivable given in the b/s for 2 years. Do we show it under working capital changes or interest received separately ( actual cash) under investing activities?

Thanks to whosoever replies.

Dear Sir,s
Requested to help or resolve the query for taxes(Sales, TDS) as per below mention: -
Suppose there are two vendors A & B
A have restaurants (FOOD) business at different different palaces.
B have a mall and invites to A to open the restaurant in B’s Mall in Delhi
Suppose A raised a bill for the whole day sale on daily basis as per below : -
Total sales : - Rs. 1000.00
VAT on sales : - 120.00
Gross Sales : - 1120.00

But B charges 10% margin on above amount sales from the customers as per below : -
Total Sales : - Rs. 1000.00
Add Margin : - 100.00 (@10%)
Net sales : - 1100.00
Vat on sales : - 137.50 (@12.5%)
Gross sales : - 1237.50 for B.

In the above case is there any liability for TDS For A. (Because A sales food material on A’s brand name at B’s Palace and B charges 10% margin amount.

Please revert & mail on lv_kv@yahoo.co.in.

What dividend distribution rate shud i use for tomOrows accounts exam?? Pleeaaase helppp
Thankyu

Dear Sir/ Ma'am,

Can you please tell me the difference between a pledge & hypothecation.... with an example?


please help me out....

thanks in advance...

sir my company is an engineering company. we have amc incomes.
suppose we enter into an amc contract with our client for Rs 10,000 payable in two instalments (6 months) then how will the income be recorded?
plz reply ASAP