kiran
14 January 2011 at 12:38

A/c ing of Chit fund business

Plz tell me how to account for transactions of chit fund business entities in Tally

In chit which is liability, which is income etcccccccc..........

if poosible explain with accounting entries



Arun Joshi
13 January 2011 at 19:43

Terminology for profits

What is or is there any difference between accounting profit, book profit, taxable profit, cash profit? Is the cash profit same as book profit excluding non-cash items?
Why does the government require the companies to calculate the accounting profit and taxable profit separately (This question may belong to economics)?
It would have achieved the objective of tax collection with single calculation.

What financial impact would have been there if the accounting profit and taxable profit were same? Are they so in any country?


Sunil Kumar

If someone demolishes his existing building for construction of new building on the same land. What will be the treatment?
Ex:-
Existing Building Book Value - 2 Crores
New Building Value - 3 Crores.

What will be the treatment?

Will the entire 2 Crore is allowable as depreciation?
I want the accounting treatment also and income tax treatment also.

Thanx



Anonymous
13 January 2011 at 17:36

manufacturing entity

If a manufcturing co. give tags for printing to a printing press then which account should be debited whether printing & stationery a/c or consumable a/c


ASHOK PUNDIR
13 January 2011 at 17:33

Bookkeeping

Dear Sir/Madam,
I am working with a Pvt. Ltd. Firm as an Accountant more then 8 years, due to some reasons of company I am not feeling that I could to more service with the same firm.

Now I am planing to do bookkeeping as a part time from my own home/house from small firms/shops etc.

I want to know the future in this line.

Thanking you.


Rahul Sharma
13 January 2011 at 17:28

Provident Fund

Dear Experts,

Please solve my query---

We have deposit PF--
EDLI Wages and Pension Wages are same or not??

We have deposit PF after caping of Pension Wages is 6,500---


Two person's age is 60 and not liable for pension scheme---

my view pension wages is 5 person is 19,500 and EDLI Wages is 19,500

BPO
EDLI Wages is 32,500
Pension wages is 19,500

Please solve my query

Thanks in Advance--Rahul



Anonymous
13 January 2011 at 14:58

financial accounting

expain the following
1- money measurement concept.
2- going concern concept.
3- dual aspect concept.



Anonymous
13 January 2011 at 12:26

website designing accounting.

Which head is appropriate and which nature does it relate - Capital or revenue?


Pyush Jain
13 January 2011 at 12:03

Accounting for Upstream Oil Companies

If expenses (e.g. G&G, G&A exps) are written off in a financial year considering that these would not result in any econimic benifit in future years, is it possible to write on in later years if benefits are coming from the field for which these expenses are incurred.


Naveen Kumar
13 January 2011 at 12:03

TDS on Sales Promotion

Dear Sir

1) TDS Deduction is Applicable to Sales
Promotion which is paid by Cash Or Cheque
and If Yes What is the Rate.
2) Can We take the Interior Decoration as Furniture and Fixtures for depreciation purpose as per income tax Act If not under which head can we take and what is the Rate.






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