We have made provision for expenses in the previous year 2008-09 for the expenses to be incurred in the current year 2009-10 of previous year.Now if all expenses of previous year adjusted against provision for exp in the current year 09-10.my query is if balance exists in the provision for exp account in the current year 09-10 then what is accounting entry to adjust the balance?

pls can any one clarify about recent notification on AS-11

What is meant by Stock ?
What is the difference between Capital Stock and Share Capital ?

Thanks.

FIXED DEPOSITS WITH BANK FOR 3 MONTHS OR MAY BE MORE THAN 1 YR IS IT IN BALANCE SHEET SHOWN UNDER THE HEAD INVESTMENT OR UNDER CASH/BANK BALANCES.

What is meant by Internal Reconstruction ?
Why would a company opt for Internal Reconstruction ?
Please explain with an example.

i have a client who is accountant. he produce before me a trial balance certified by the proprietor. then he ask me to certify profit and loss account and balance sheet. then i match the data of trial balance with financial statements. and write a comment "i have just compere trail balance data with financial statements only, so all the responsibility of trial balance data is of proprietor only." and certify the financial statements so how much responsibility of mine as per my comment, as i have just compare the data and written in the comment accordingly?

wats d accounting entry for prepaid fees paid to govt???
pls its urgent...

PLEASE CLARIFY THR FOLLOWING ADJUSTMENTS

1.) TIME LAG IN PAYMENT OF WAGES AND OVERHEADS IN 2 WEEKS EACH.
& WAGES AND OVERHEADS ACCRUE EVENLY.

2.)WAGES AND OVERHEADS ARE PAID IN THE BEGINING OF NEXT MONTH & WAGES AND OVERHEADS ACCRUE EVENLY.

I REALLY GET CONFUSED WHILE CALCULATING THE PERIOD FOR O/S WAGES & OVERHEADS. FOR ESIMATION OF WORKING CAPITAL WHETHER IT WILL BE WILL BE HALF MONTH OR ONE MONTH.

PLEASE EXPLAIN ME IN DETAIL CONCEPTUALLY.
THANKS IN ADVANCE
MY ID abhipcc@rediffmail.com

Cheque issued but not presented by supplier. How this be treated in books & B/S.

my cheque bounce of Rs.80000=00 for tds on 7th march last date was 7 th march, I redeposit at 9th march, how much interest
& panlty raise for that?