pls sent

Dear Sir

If the ESI Employees Contribution ledger showing a debit balance, what are the probable reasons behind it and how to begin scrutinise in such a situation?

if cash from operating activities is negative means the company has a cash loss for that financial year

Dear Sir

In which ledger I have to show ticket booking charges paying to an agent - Traveling Ex. Ledger or Commission & brokerage ledger.

what is cash loss? how can a person identifies whether a company incurred cash loss just by seeing the annual report?

Dear,

Thanks for your answer,but still i have doubt, for recording a prior period item are we need to create a new account for prior period expenses ? please give details

Should revaluation reserve on different assets be kept separately or combined?

i mean whether revaluation reserve created on upward revaluation of an asset can be used to write off the loss on downward revaluation of another asset.

Dear Sir


A and B who share profits and losses in the ratio 3:2 has the following balance capital of A Rs.50000; capital of B Rs.30000; Reserve fund Rs.15000. They admit C as a partner who contribute to the firm Rs.25000 for 1/6th shares in partnership. If C is to purchase 1/6th shares in the partnership from the exiting partner A and B in the ratio 3:2 for Rs.25000. find closing capital of C

Ani : 19000

Please How to findClosing capital of C
Regards
Girish

how we can record an undestated expenses belongs to previous year

Dear Sir

My company is not taking credit of service tax payment on any services , can I book the tax as expense.

Eg: Total rent payment Rs 1 Lac(Including ST Rs.10000), is following entry currect

Rent A/c Dr. 100000
To TDS 10000
Party 90000