What point should be considers while doing accounting of contractor

Considering me as a lay man, could any one in simple terms explain me what is Accounting standard and how far is it relevant for an accountant maintaining accounts in an organisation.

Dear Experts,

I may post my query, which is as under :

A is an individual.

A gives Rs.2000/- to his driver for meeting certain petty hospital expenses,

as the driver's wife has been admitted into the hospital for the delivery.


Now, I need to know the account head to be created including the narration for the said expense.

I shall wait for the reply of experts on the matter.

if house rent is 20000 per month his tds is 2500. then how to entr in payment & journal entry in tally

Dear sir,

I seek to have guidance on the following points :-
1. Whether a Pvt Ltd company running under loss can pay remunerations to it's directors.

2. Can a director of PVT Ltd Company get interest free loan from his pvt ltd company?

With best regards

Plz can anyone tell me the procedure regarding the Accounting Entry regarding to Transport and logistic company.Its very important for me.
Thanks in advance

Can anybody tell me about the bast IFRS book to read .

Dear Sir
i want to know the accounting entry of problem given below

problem- we have sent 29.510 mt material sent to consignment agent but out of that 13.155 mt material stolen in transit.(Note - excise duty involved material)

Hi,
I would like to know the procedure of accounting for a construction company. How to book the expenses spent on a particular project when the revenue has not been recognised yet? and what entries to be passed after the revenue recognition?

If any one can provide with the Balance Sheet & Profit & Loss format for a construction company, shall be gratefull.

Thanks

In solving Question of AS-21 cosolidation, we do Net worth Analysis. Can anybody tell me why we Bifurcate the Networth into Capital and Revenue?