CA. Jyoti Baid
11 May 2010 at 17:23

MAT Credit Entitlement

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


Sutanu Biswas
11 May 2010 at 16:33

Journal Entries

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.



Anonymous

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)


Sutanu Biswas
11 May 2010 at 15:54

BRS in Tally 9

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.



Anonymous
11 May 2010 at 12:06

Income from Marketing operations

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



Anonymous
11 May 2010 at 12:00

Preference Dividend

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



Anonymous

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)



Anonymous
10 May 2010 at 18:10

Tally9

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.


HARSH
10 May 2010 at 17:53

merger expenses

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


LEENA
10 May 2010 at 12:33

Acquired by Gift

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






CCI Pro



Answer Query

Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details