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

A company purchased some assets and incurred some expenses before its incorporation.

(i) Can the Company legally do so?

(ii) What will be the treatment of these items in the Balance Sheet?

(iii) From what date will the Company charge Depreciation on such assets?

SIR IF WE PURCHASE SOME GOODS FROM PARTY.AFTER FEW DAYS SOME GOODS ARE DAMAGE.IN THIS CONDITION WE ISSUE TO DEBIT NOTE TO THE PARTY.NOW SIR PLZ TELL ME IN WHICH MODE I WILL DO THIS ENTRY.WILL THIS ENTRY IN REJ. OUT (ALT F6 MODE).OR DEBIT NOTE (CTRL F9)
THANKS & REGARDS
RAJIV

DIFFERENCE BETWEEN WITH EXAMPLE PLZ.

INCOME AND EXPENDITURE &

RECEIPT AND PAYMENTS ?

A partner spent some personal amount for office use and did not submit the bills. After tracing the bills, he has submitted in the next financial year. Can that be reimbursed and taken into account this year. How to account. kindly guide.