DEAR ALL,

HOW TO PREPARE BUDGET

WHAT IS A PROCEDURE FOR PREPARING BUDGET

WHAT ARE THE STEPS ARE INVOLVED IN PREPARATION OF BUDGET.

WITH THANKS

K A K

any one have the ratios which are relevant to the company which is engaged in construction activity and in service industry?

If yes, then please give the link for the same.

Is it permissible under any law, statute or any notfication of the statutory authority or any accounting standard or accoutning standard interpretation, general clarification etc to net off the debit balance with the credit balance of the same party. This can be done on the Balance Sheet date.

Material Purchased Gross 500000

Including

Excise 10000
ED Cess 200
SHE 100
CEntral SAle Tax 50
frieght 100

We paid to service tax Arrea Officer 500 Rs as bribe where we put into expences Head

If you(experts/seniors) finalized the B/S then kindly What are the main point of VAT to consider while finalizing the Accounts, and what items in connection with VAT send to B/S.

Dear all,

We are a pvt ltd co. Recently, one of our senior employee got transferred from Chennai to Delhi.

On this he has incurred some exp..., like travel exp for his complete family, Household relocation charges, etc.

What should be the appropriate account head for this exp ?

Can this be accounted under normal staff welfare expenses ?

Kindly reply.

Subhash

As per AS-9 para 11 there are conditions which should be satisfied for recognition of revenue from Sale of Goods. Conditions are that all risks and rewards attached to the goods should be transffered to the buyer and effective pocession should exist with the buyer except the case where the delivery is pending on buyers reqest and collection of revenue against goods is certain.
In my case sales are done at CIF basis. All the liability and risks etc attached to goods are borne by seller upto dilivery. The goods are dilivered to the destination by the buyer by hiring a transporter. The buyer recoganises purchase only when goods are dilivered at the desired destination.
Few despathes were made near the close of Financial Year (on 29th , 30th and 31st of march 2010) which were recieved by the buyer after 31.03.2010.
My query is - When should i book my sales?
1. At the time of dispatch, or
2. At the time of reciept of goods by the buyer.
Please forward me any decided case law. (if there is any)
My id is ananthdel@gmail.com

I have a pvt ltd company into structural and engineering consultancy. I pay salaries to various engineers and designers which is very high. I have a query: Suppose I pay Rs 500000 as Salary to my engineers on monthly basis for the month of March which i'll debit to P&L a/c but the corresponding bill for the project on which they were working was booked in April. So what is the treatment for the salary for which no corresponding revenue is booked as per matching concept?

how 100% holding in subsidiary co. by holding co. is possible? as minimum 2 members are the basic requirement in company.
please send me quickly answer.