sir
in voucher payment how much money allowed?

Hi,
Respected Member of CCI

One of my office client have negative balance in Cash balance in books of account.
So how i adjust such negative balance in positive in appropriate manner and pratical way please guide me.
Before i go my principal i want to know way to handle this.

Thanks
advance

please any one clarify me the difference between Provisions and Accruals.

Respected All,

How can a private limited company increase its Reserves without increasing profits or increasing share capital?

Regards
Jyoti

dear friends,
i am working in company i use tally software,
i havae two products each 100 nos. i this trading company, one with inventry another without inventry. now i how show in two products opening & closing value plz help me

I am confused in Hire Purchase.
I could not understand the treatment of Instalment Due, Not due and not yet due etc.
Plz help me on this topic.
plz send me your notes on my e-mail id. saifisahab@gmail.com

I will be so much Thankfull.

Thanks
Shammi

Ours is a Partnership firm, we borrowed Equipment loan from Citi Corp.Finance Ltd,GE Capital, L&T Finance,Magma leasing ltd,Srei inter.Fin.Ltd,Sundaram Finance,TataCapital ltd,Reliance Capital ltd,ABN Amro Bank, HDFC Bank, Icici Bank ltd,Kotak Mahindra Bank and SCB Bank.and we paid Emis. So on that loan Int. I have to deduct tds or not. Pls reply me.

Why show "Estimated amount of contracts remaining to be excuted on capital account & not Provided for" in the head of Contingent Liability in Schedule vi of company Act 1956.

whether EBITDA reflects operating profit

From the following information , Prepare the Final Accounts of Rameshwar Ltd For the year 2006-07

Gross Profit Rs. 6,00,000
Gross Profit Ratio 25 %
Current Ratio 2.5 : 1
Liquid Ratio 1.5 : 1
Stock turnover (Cost of goods Sold / Average Stock) 8 Time
Operating Ratio 95 %
Fixed Assets and Capital Employed 0.8
Debtors Ratio 2 Months
Creditors Ratio 1 Months

Additional Information :
1.12 % Debentures is the only Long – term debt.
2.Operating expenses include debenture interest of Rs. 12,000
3.Cash Sales is 20 % of total Sales
4.Cash Purchase is 20 % of total Purchase
5.Opening Stock is Rs. 30,000 less than the closing Stock
6.Current Assets include STOCK, DEBTORS and BANK. There is no BANK OVERDRAFT in Current Liabilities. Consider, Provision for taxation as a part of current Liabilities.
7.Proportion of Land and Building , Machineries and Furniture is 3 : 2 : 1
8.Opening Balance of general reserve is Rs. 40,000. Provide 50 % of the net profit for tax.


My email id
nilay.v.chaddarwala@gmail.com