Does interest accrued apply only on Cumulative Deposits?
The company in which I am working pays the hotel expenses(including lodging) of its clients comming to India for official purposes. Since this expense being a major item in its total expenditure, please advice under which head it is to be accounted and whether it will be allowed as a deduction under IT Act, 1961
Dear All,
A company wants to write off its share premium account against the intangible assets present in its balance sheet.
Can you please guide me whether this is possible under the accounting standards and what is the way?
Regards,
Shraddha.
Situation is
Government has provided subsidy for acquiring the depreciable fixed asset. The subsidy amount i have deposited in bank until acquiring the asset. I have earned/received interest on the amount deposited.
My question what is the accounting treatment for interest earned on subsidy which is deposited in bank ?? whether it is deducted from respective fixed asset or accounted as interest income ?
can u explain the the slab rate of managerial remuneration in case of profit making company, i want to know the concept of whole time, part time or manager whatever in the slab with explanation
you can also send your ans at my id:
hereforeducation@rediffmail.com
A Ltd has acquired 12000 (60%)Shares in year 1999 in the company B ltd.and B Ltd. has incurred loss of Rs 60,000 and Rs.50,000 in year 2000 and 2001 respectively. Please Advice me, whether holding company will provide any provision for loss (subsidiary) in his separate balance sheet for the year 2000 and 2001 ?
DEAR ALL,
RECENTLY WE HAVE TAKEN TWO AMC FOR OFFICE USE FOR THE AMOUNT OF RS.9500( FOR HADWARE+SOFTWARE)
RS.1,10,000(OTHERS).
WE HAVE TO PAY Ist INSTALLMENT FOR THE ABOVE INCLUDING SERVICE TAX.
PLEASE ADVISE ME WHAT WILL BE THE JOURNAL ENTRY IN TALLY FOR BOTH AMOUNT ON QUARTELY BASIS.
AND WHAT WILL BE THE TDS FOR BOTH.
BEST REGARDS,
H.KUMAR
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