Dear Sir / Madam,

If one has tunrover 7 to 10 crore but does not make any voucher for cash expenditures and makes entry according to profit ratio one wants to maintain. Even one make single entry for total expenditure in particular head. like 250000 repaire and maintenance, 350000 office exp., 450000 staffwelfare etc.

what would be legal impact to account and company for such a type of entries?

IF CA does not audit books.

Thanks & regards
Jitendra

We use to dye our product from outside party. in a case we issue dying order on 25/3/2011, parties dilivery challan date is 2/4/2011, parties bill date is 5/4/2011, in which year exp to be debited FY 2010-11 or 2011-12.

My view is to debit expenses in FY 2011-12

What is a balance sheet? Which is a query in mind from so many days (Infosys interview question).
Basic question which is a fundamental one but created a query.

Every one say its just a format having two sides - one is liabilities and another is - assets.
But seeking for the exact meaning of balance sheet...
Thanks in advance.

For FY 2008-09 company has incurred preliminary expenses for incorporation of company of Rs.75,843 which are deducted from loss incurred by co. & same are shown on Asset side side of B/s. How to deal with prel exp for preparing the balance Sheet for FY 2009-10.

dear sir/madam

Actually there had been an unfortunate accident in manufactuering concern. And the management has decided to give Rs. 10 lacs as compensation besides an immediate relief of Rs. 50000/- each to 3 workers with fatal injury. Now my question is wat should be the proper accounting head and the accounting treatment for the total expenses of rupees 10.5 lacs for each of 3 workers and how sud i account for the liability which is yet to be paid for ruppes 10 lac each for 3 workers.

Thanking you all in anticipation

Forex given for foreign tour 100$
Official spent 70$
personal spent 30$

to recover 30$ from employee whether exchage rate applied should be the date of forex advance given or date of settlement.
If answer is date of forex given just for not taking exchange gain/loss of personal expenditure in company account then what if employee purchase the same from open market and surrender 30$ to company. In this case Gain/Loss has to be recognised in settlement at the time of surrender.

CAN YOU SEND ME ALL ACCOUNTING TREATMENT FROM TOP TO TOE ABOUT LETTER OF CREDIT.

WHAT
HOW
WHO
WHOM
WHEN
FOR WHAT

please help me

RISHI KUMAR
+91 89013 09358

Dear Sir/Mam , i am working in a pvt ltd company.we have two branches in two different state.& the h.o is in delhi.
will u pls advise me that how i maintain the sale, purchase & expenses entry of the respective branches which a/c is maintain in ho through tally.

the bank & cash is controlled by ho.

pls give me the solution

we are pvt ltd. we have received loan from froeign company and have paid interest.
we have deducted tds. the foreign company deos not have PAn No. So we are not able to file e tds. please advice me how do file e-tds

hey guys help me pls
Rs. 400 paid for Municipal Taxes appearing on Payment side of receipts and payments A/c
for the year ending 31st March, 2011
Adjustment:-
Municipal Taxes Rs. 400 per year have been paid upto 3oth June, 2011
plz tell me how to treat the above...........i m little bit confused... would there be any prepaid taxes during last year.