A purchase of Machine for production as against Bank Term Loan. In the First Year, the capital subsidy received from Govt. and used for repayment of Term Loan.

what is the method of accounting of the subsidy?

As per the agreement the assessee is incurring expenditure on behalf of the client and the client reimburses the expenditure some times fully and some times partly.Please discuss the Accounting Treatment with examples and state whether it is a Balance Sheet /P&L item

Bill raised to a party on account of Commission in the F.Y. 2004-05 and that had been credited to the P & L A/C. Since then no transaction is being made with the party but the assessee is carrying on business in the same name & style. Please suggest whether Bad Debt can be allowed in the F.Y. 2009-10 ?

ANYBODY CAN EXPLAIN ME ESIC PROCEDURE I.E. WHICH AND WHEN AND HOW THE CHALLAN AND RETURN AND VARIOUS FORM SHOULD BE USED/FILE TO DEPOSIT CONTRIBUTION, FILING RETURNS AND OTHER RELEVANG FORM SUBMISSION PROCEDURE UNDER ESIC ACT AND PROVIDENT FUND FOR PVT. LTD COMPANY'S EMPLOYEE. PLEASE HELP ME IN THIS REGARD ALSO TELL ME WHAT IS THE CURRENT SALARY CRIETERIA FOR THE COVERAGE OF ESIC I.E. RS. 15000 OR RS. 10000

Dear all

Suppose if a company incurred an expenses say for Rs. 90,000/- for an marketing activity under this activity company collects the data from the market by paying 90,000/- to the promoters (data collectors) in the m/o march'08.....but they will get the results/benefits/business from these data from april,08 onwards..........and company is showing all the exp. of Rs. 90k as prepaid exp. in that F.Y 2008-09 and reversed the whole entry on 1st APril, 2008.

Please answer y the co. is showing this as prepaid exp???
Thanks!

Accounting Treatment of Reimbursable Expenses with suitable examples

Accounting treatment of Service Tax in case of Service Provider supported with Journal Entries and subsequent posting in the Ledger

Please mention also whether the above items will be P& L /Balance Sheet items

Individual donated a kidney for an Hospital

In the books of the Hospital

Pass Journal Entries

in my companys trial balance advance tax paid of 2006-07& 08-09,09-10,also tds recoverable account of same periods are still showing debit balance. now management wants to write off these accounts but there is no provision for tax account is availabe.so pls suggest me how to set off above mentioned accounts

Please explain the journal entry for transferring the cheques to stale cheque account.

DEAR ALL,

1. WHAT ARE THE DATES ARE REQUIRED FOR PREPARATION OF CREDIT MANAGEMENT ANALYSIS ?..

ALSO GIVE SOME OF EXAMPLE.

WITH THANKS
K.ARUNKUMAR