Respected All,

The company had created MAT Credit Entitlement as an asset and shown under loans & advances in previous years.

In the current year, the company is paying normal taxes and hence utilising the amount of Mat Credit.

what are the journal entries it needs to make in the books of accounts?

AND

What will be the presentation in Balance sheet and in Profit & Loss account?

Regards

A man taken a room monthly rent basis Rs.10000 p.m . First time deposit a lump sum money Rs.50000 for security deposit.
At the time of payment Security deposit money adjusted with rent. i,e Rs.5000 normal rent and Rs.5000 is deduct from Security deposit Money.
What is the journal put in journal Book of this type of entry.

Is there any new rule by which previous Deferred Revenue expenditure has to be written off entirely in current year(f.y. 08-09 or f.y.07-08)

For reconciliation any cheque of any bank in tally 9, first accounts book-> cash & bank book -> Select Bank and select month and then Press F5 for reconcile the cheque and put reconcile date.
Is this process is correct?
From where we can view Bank Reconciliation Statement(BRS)report.

Non refundable one time dealership deposits amount can we taken it as Income from Marketting Operations under Profit & Loss A/C.

Is it mandatory to pay Cumulative Preference Dividend each and every year or it should be paid at the time of redemption the cumulative dividend amount,and every year is it necessary to make the provision for such Preference Dividend

Pl tell me how could I calculate Interest on TALLY9, kindly give me full in formation along with an example (Activation of Interest calculation on Tally)

Dear sir can u tell me how can i maintain stock if i send goods to contractor for job work and what is the link of BOM with this.

if my company has taken service of a tax consultant at the time of merger(i.e in 2008-09) and he raises the bill of Rs. 50000/- in current year(i.e 2009-10). if the company pays the expenses whether it will be allowed or not

what is the accounting treatment of investment acquired by gift in the hands of donor & donee.