Is profit of Private Limited Co. be divided among the directors or any other entry has to be passed.

Dear All,
Can any body please send me the medium level partnership firms (Mfg.) Profit & Loss format with head of Expenses and which head we can book which types of expenses.

thanks in advance

regards,

I have opened a Pvt Ltd Company. I want to know.
1. What is the remuneration payable to directors?The remuneration will be treated as his salary or like consultation fees.
and Is Interest to paid on the capital invested by directors.

2. What is the remuneration payable to CEO? The remuneration will be treated as his salary or like consultation fees.

I am working in a distributorship firm of Lubricants for HPCL and BPCL. Is there any maximum limit for Misc. Expenses in month or I can show unlimited amount as Misc. Expenses with supported Cash Memo and Bills.

hi,

pls let me know how interest accrued on defined benefit plan-gratuity fund is to be accounted in profit and loss account

thanks

Respected members

how to get more than seventy marks in accounts

Sir/Madam,

While doing chapter of "Non-profit Organizations" we prepare
*Receipt and Payment A/c*

Now in book I've read that this A/c doesn't form part of Double Entry System.
Why is it so...???

Or how could we judge that this or that A/c or Statement doesn't form part of Double Entry Accounting System...???

I have Tours & Travels business, last Assmt year I have get a contract income from Govt. Dept, then the deduct the TDS, but I hadn't file the return. This AY I have got two TDS certificates one is Air ticket commission and other is contract income. How to prepare my balance sheet very simple, because I haven't more income. how to show my income very simple mode.

dear all
i want to know...
1.is there any input credit advantage in CST?
2.how will i adjust when i make CST purchase paying CST @2%?(journal entry)
3.how will i adjust CST when i make CST sales?(journal entry)
thanks...
its argent!

Hi,

We transact all the foriegn payments currencies through FC A/C .

We normally accumulate the foriegn currecny whenever rate is good and use them when required.

Now , when we buy this foriegn currecny @ what rate we shall book?currently we book it at actual rate now ... pls advice me the currect treatment.

futher, @ what rate we shall book the supplier ? ie. costing the shipment. we use average rate of currency we bought
earlier .

also let me know at what rate we should make the payment for settling supplier ?
we use average rate of currency we bought earlier .

should i close this account every month by appying the actual closing rate and difference transfering to Forex loss/gain a/c?


kindly advice me here or @
Saifuo0209@gmail.com

Regards,
Saifudheen Hamza