is there any statuatory requirement for maintain cost accunting reord for pvt ltd co.

Dear all,

I would like to attract all your attention towards how to finalize the accounts and what are all factors to be considered during the preparation.

Notwithstanding that what is the outline and predetermination in terms of concepts before preparing the report.

Dear Sir,

I have been employed recently in a company in Bahrain & was residing in India till a month back. I had a savings account in India. Below are my queries:

1. What is the easiest way to transfer funds to India (25K per month)from my BD account in Bahrain to an savings account in Mumbai in a bank which is not the same bank as mine?

2. Is it mandatory to park my funds in an NRE account to avoid tax?

3. Since my prime requirement is to send funds to India, is it necessary that I do it through an NRE account only? There are many exchange centres in Bahrain where BD is accepted over the counter & remitted to any branch in India within 24 hrs. If that is the case, what is the main purpose of an NRE account & what is its significance?

4. I have also heard through friends that any savings account in India needs to be converted to an NRO account as soon as the account holder visits a foreign country for an indefinite period (in my case for an employment). If that is not done, then it is considered to be illegal. How true is this statement?

5. What in your opinion is the best way to transfer funds to India?

6. Please let me know the exact mechanism on how NRO & NRE Accounts Work.

Thanking you in anticipation.

Best regards,

Ashmil Desai

I have doubt in cash book

Example : whenever we give advance payment to X Person Rs.10,000/- what entry we have to pass in payment voucher.
when we create X person ledger a/c,what group we have to take.
For buildings -we take Fixed assets as group.
now for this X person what we have to take?

All experts are requested to put light on this matter:
Generally many Pvt. Ltd. company receives share application money from other companies ,firms, individuals.
This money remains same for say 2-4 years without any change.Neither this is repaid or converted into shares.
Please tell me what is the MAIN REASON for these transaction. whether for Interest free loan or otherwise.
Please tell me what COMPANY LAW SAY ON THIS MATTER.

how do we treat the following item in cash flow statement?
company paid a propsed dividend of Rs100000 & also a tax on dividend(TDS) @ 25%..
how do we treat it in both situations:
1. when no other tax is given in the ques.
2. when provision for tax(opening ,closing & in P& L),advance tax( opening ,closing) are given

What is the difference between General Reserve and Capital Reserve define? We can show in Balance Sheet both items?

kindly explain me costing
what is mean by costing

pls. tell me what is the rate depreciation of furniture , tools & equipment for f.y-09-10

dear all...
what will be journal entry at the time of 1)initial margin 2)mark-to-margin 3)final settlement...
what will be heads of accounts in the above mentioned case.