hi... we have agreed to sell a machine to a party in october. we have not yet made the sales invoice. but we intend to taken a token advance from them. how to account for the same????

we made an advance invoice asking for advance money on the 10-07-10. We receive the advance on the 15-07-10. How to account for this???

further if the sales is made by our foreign co and if we collect the advance on their behalf how to account for it???

Whether purchasing company can create DTA in case of amalgamation where selling company has losses.and purchasing company has virtual certainty.let me know the treatment under both the method of amalgamation.also refer ASI 11 issued by ICAI.

Thanks in advance

Dear All,

Anybody help me how to allocate overhead in Pharma companies?

If you know the Realtime Knowledge, pls help me.........

Pls dont try to tell me the Theory of Overheads in Costing like Stepping stone, Reciprocal & Non-Reciprocal etc.

Thanks...........

Dear sir,

i have a propreitory concern for which tax audit(44AB) is applicable. out of the profits of the concern i have invested in mutual funds. should the difference between the amount invested and the NAV of the mutual fund as on the balance sheet be treated as income/expense and accounted accordingly. will the notional gain be treated as income from other sources in my income tax returns. plz advice.

generaly we get March's salary in the month of April & there are 12 month then pl said me from which month we count our total 12 salary monthwise

DEAR SIR\MAM,
PLS.GIVE ME IMP.NOTES REGARDING CONTRACTORS ACCOUNTING .ALSO GIVE JOURNAL ENTRIES REGARDING TENDERS & OTHER ACTIVITIES OF CONTRACTORS.





JITENDRA JAIN.

Dear Experts,

Can some one suggests me how to keep personal Balance-sheet and other financial records.

Please enclose Formats for Balance-sheet, Bank/Cash Book, Ledger etc in excell .

regards

Hi friends
Am going to pay Rs1500000/- for lease of one building for 6 years . What are the entries i should made in my books of account . Myne is Limited company.

What are the formalities and procedures to be followed to redeem the preference shares of a company? Do they differ in respect of private and public companies? If yes, to what extent?

Dear,

can anyone give me guidance regarding the VAT Set-off

Shall we adjust Input VAT Credit towards payment made for CST

please give me guidance

your early response awaited

And if possible also give me any example file how to made the payment of VAT & CST
(in excel file)

THANKS & REGARDS,
Kantilal