what do you mean by deferred revenue expenditure

Dear all Experts,

We are belong to logistics industry.

Please advice on the dtaa between India & taiwan

if their is any dtaa between the two countires please send the notification copy to me.

also please send the any articles available to satisfy the customers that their is no dtaa agreement between bothe coutnries.

Please any one help me in solving the below problem....

From the following information related to ABC Ltd., you are required to prepare balance sheet.

1. Current Ratio -> 2.5
2. Acid Test Ratio -> 1.5
3. Gross profit on Sales Ratio -> 20%
4. Net Working Capital / Net Worth Ratio -> 0.3
5. Sales / Net Fixed Asset Ratio -> 2.0
6. Sales / Net Worth Ratio -> 1.5
7. Debtors Ratio -> 6.0
8. Reserve / Capital Ratio -> 1.0
9. Net Worth / Long Term Loan Ratio -> 20.0
10. Stock Velocity -> 2 months
11. Paid up Share Capital -> 10,00,000

Dear Friends

I had one doubt in tally accounts please clarify
our Organisation had Bank Term Loan in UBI Bank
They relese Loan Directly in Loan account (I.e generally Frist they must release loan amount to our current account next we may pay to parties from current account)so they paid to our parties directly from Loan account
so how can i made an entry in tally accounts to reflect that transaction in Receipt and payments accounts in tally

If i made a journal as Party AC Dr
To Term Loan Account
then above entry not reflected in Receipt and Payments accoun

Please Please Clarify

Following is the situation.

There is a bank account with balance Rs.60,000. And this amount is deposited towards expected Medical expenses for the year.

We need to create a reserve for this Medical expenses and reduce the reserve as and when the expense is met. All the expenses will be made through cheque so the bank also have to refelect the current outstanding.

Only expended amount has to reflected in P&L.

What are the ledgers that needs to be created?
What is the accounting entry for creating a provisions?
What is the journal entry for actual expenses?

Can anyone explain with examples?

Thanks in advance.

Please elaborate E-1 transactions/sales.

a)-what is the meaning of following payscale/band? (sr.no 1)
what amt of salary will person get?

b)-pls also tell me what is payband and paygrade?
thanks


1) Pay scale 5200-20200 + 2800
plus other allowances
as applicable

what is basis taking an expense as prior period items.... either
(a) exp after 31 march
or any other ???

Hi,

A Company has suffered losses for the first time and has recognised deferred tax asset. Does it still have to establish virtual certanity to prove that it will make profits in future?

WHAT IS CURRENT ACCOUN AND ACCOUNT CURRENT?