in a partnership firm we have one branch- i received cash of Rs.100000 from customer towards advance in branch office.and raised sales invoice in head office, what will be the journal entries. and again i received dd for the same amount, that i will deposited to branch bank account. so here i have to refund customer amount. for this what will be the journal entry.

can we maintain debit balance of debtors in head office and credit balance of debtors in branch office. here we are raising sales invoice in head office. and whatever dd's we are receiving that we are depositing to branch bank account.

Wheather payments made towards instlments of Housing Loan & Car Loan are deductible from personal drawings of a proprietor of a firm. Please clarify ?
What exactly the nature of this expence is ?
Where to show the principal amount and
where to show interest amount?

Hello,

Please tell me how to calculate deferred tax (AS-22) and treatment for provision of expenses while there is diff. financial year of company and income tax.

What points should be consider while calculating defferd tax?

i have seen unaudited finance result of one ltd company where i found under mentioned item as expense.

"(Increase)/Decrease in Stock in Trade and Work In Progress"

pls let me know how it calculated

My Querry is that :- "in a non-manufacturing concern can Salary paid to
trainee/non-permanent employee be included in Job work".

we Purchase vehicle of 500000 rupees for office use.
downpayment is 100000 rupees. loan amount is 400000 rupees. Emi is 8500 rupees.
so how to enter in purchase & payment entry. & which is voucher entry of EMI?

Vehicle Purchase in fixed assets? / Indirect expences?

Dear Sir, I have to get Cliam from Insurance company for Car which has damaged in an accident. I have got the amount less than the actual claim which is Loss for us from Insurer. Kindly give me the name for account head for Loss or may i write in our books Loss by damaged or another one?

Thanks & Regards,
Raghav Jha

Dear Sir,

Good Morning Sir, My self Vipul Baviskar From Baroda, Gujarat. I m M.com Final Student and working in Chemicals Manufacturing Company as Accounts & Export Executive last 3 years. But I have facing some problem regarding Interview. I request to you Please give me some important instructions for facing Accounts Executive Job Interview. Which Subject or Points I refer very carefully...??? I have a 3 year Experience in Accounting & Export Line, But when i facing interview i feel that i have no knowledge about accounting concepts. But i work properly in my office, but when interviewer asking me questions, i don't explain any things. so pls help me in this matter. I hope u give me good Suggetions regarding this matters as earlier as possible. My conact details mention below:

Thanks & Regards,

Vipul Baviskar
9904321283
8000579909
vipulbaviskar@yahoo.com

To whom IFRS are applicable?