effective date of applicable ifrs on sme's

SIR
CAN WE INCLUDE THE GOODS SOLD IN CONSIGNMENT SASALE IN THE TURNOVER OF A FIRM WHILE ANALYZING THE BALANCE SHEET AS A LENDER. IF YES? HOW? IF NOT. WHY?
PLS EXPLAIN THE MATTER ON LEGAL ISSUE

director of our co. has car. But he not shown it in business. but expenses their on charged for business like servicing , maintainance, petrol etc. is it proper accounting? , if we show this car of our business asset than which accounting entry should be do?

hi.....
please let me know the treatment of purchase of web domain in the books of accounts...whether to capitalize it or whether to expense it out???????????

please calculate TDS amount for the year 2010-2011.

SALARY/LEAVE SALARY/BONUS = Rs. 3,27,750/=

P.TAX during the year = Rs. 1,800/=
Mediclaim " " " = Rs. 8,000/=
LIC = Rs. 1,00,000/=
Legal Fees = Rs. 1,103/=

plz help me

I am working with a multi national company which uses SAP as its accounting package. I have a basic query as regards to the accounting.

We are using SAP 6.0 as of now. I want to know the basic difference between SA and JE document type. Which of these codes shall be used in case of rectification entries? Also I want to know whether it makes a difference if I use SA transaction code instead of JE or vice versa.

Please guide me on the same.

i am following cash basis of accounting:.
Q-1-Lets assume that i have made payment of50,000 in advance in February but i have received the invoice of40,000 only. Then Kindly tell me how much amount will be recognized in Profit and loss a/c.

Q-2- if payment is for 50,000 and invoice is received for 60, 000 then what would be the treatment.

sir how to do these entry in tally
due from party:-
commission 11016
secendry fright 24102
primary frieght 36134
other expenses we charged from party 2000
total amout due rs.73252

and party. presented us cheque of total amout 72150 (less tds on commission Rs.1102)

I am Ravichandran, Accountant in Private Concern


We have brought new cars by using vehicle loan. inthis, connection we have paying intrest (for 36 installemnts)aginst vehicle loan. is this insterest expenese can be included in vehicle cost or revenue expenses please clarrify.

N & P enters into partnership on 1/1/02 without agreement .N died on 31/9/02
Amt from cash sales deposited into bank after retains sum as follows
business exp:rs 50- pr week
personal exp -N 5000.P-6000

Paid into bank
capital N 25000.P 20000
Collection from credit customer 27734
balance of cash sale 35000.

Payment from bank
to suppler 45540
free hold permis 32000
furniture (1/7/02) 8000
s exp 2000


Additional info:-
GP-20% during year
cash discount allowed 2% and received 1%
goods return to suppler 1000 and by customer 900
bad debt written off 800
on 31/12/02 36000 owing to suppler nd 5500 due from customer

On tht day agreement b/w P nd Ns executive is :
a. Trading result aftr desperation on Furniture 10%pa should be presumed have been earned evenly for whole year
b. No provision for discount
c . Goodwill ignored
d. as from 30.9.02 a interest of 10%pa in lieu of profit is to be allowed t Ns executive on amount due to him ..
Prepare trading nd P&L and balance sheet 31/12/02