Is Profit & Loss A/c (Cr. balance) a free reserves??? Kindly explain with logic??

Hi, will debtor, cash at bank & prepaid expense be an intangible current asset? if not then why.

sir int. of late payment of tds.supoose i want to deposit it date 9. than sir how much int. add in my amt.
ex. my tds for the month of july 5000, than sir plz tell me how much int. in my amt.
regards
rajiv

sir a co. named chawla transport co. is it huf or firm & sir another co. named shree balaji gases is it firm or co. plz sir tell me i m confeused about this question
regards
rajiv

Hello, Can anyone clarify that tangible & intangible assets are always explained in relation to fixed assets & not current assets? If yes, then why?

my employer have book a nano car for rs.4000/- in april 2009

he got the loan from bank rs.140000/- out of total value is rs.214000

the emi started from april 2009 of rs.3000/- for above loan

he got the deliver of car in july 2010 by making the payment of balance rs.70000

so what will be journal entry for the astt year 2010-11 & 2011 -12 balance sheet as he had book the car & loan start from 2010-11 and get the poseesion in 2011-12

totally confuse waiting for reply

Hi, Can someone give the examples of tangible & intangible current assets & not fixed assets? Will debtor, cash at bank be an intangible asset?

i have purchase a plot rs. 6cr. as on jan 2010 construction on such plot strated from march 2010

can it necessary to shown plot on profit & loss a/c and claim full expenses as on 31stmarch 2010.also showimg wip

otherwise shown as the part of current assets & transfer to profit & loss a/c when project completed and occupency certificate received

please clarify both the method are as per accounting principle

WE HAVE DEDUCTED TDS ON VENDOR INVOICE AND PAID TO DEPARTMENT ON 7TH OF THE MONTH BUT NOW PARTY IS GIVING THE TDS EXEMPTION CERTIFICATE FOR THE SAME

PLS GUIDE

Can u explain please what is the basic difference betn banks, financial institutions and NBFC's....?

and acts governing them.