Permanent diffrence in not taken while calculating defererd tax(As-22) so how to so its effect. eg. Donation as per 80G 50% allowed, so in computation 50% is considered it mean there if diff. in computation as per Accouts income & taxable income. so how to show this effect in p & l or bal sheet

hi friends,
whether do we need to account the gain, arising because of reporting the monetary items at rate on b/s date(as per AS 11). If yes, is it not mean accounting unrealised Income. against the principle of :prudence".

I am a manufacturing company.I am using a ERP which i have capitalised in my books.With the help of my current EDP employees im programming a new software for past 3years. This year i have implemented the new software which is programmed by my employees. I have not spcifically incurred any cost towards the manufacture of this software.What is the accounting trearment should i provide for this. Should i capitalise it?If i have to capitalise it at which value should i capitalise it?

Can any one please help me to solve this:?

Q ltd is currently operating at 80% capacity level. The production under normal capacity level is Rs.1,50,000 units. The variable cost/unit is Rs.14 and the total fixed costs are Rs.8,00,000. If the company wants to earn a profit of Rs.4,00,000, then the price of the product/unit should be?

Can any one please help me to solve the given problem?:

The yield of certain process is 85%, by product is 10% and normal loss is 5% of its main product. 10,000 units of materials are put in the process and its cost is Rs.30/unit and other expenses amounted to Rs.25,400, 30% of which was accounted for by power cost. It is the practice of the company that the power cost is chargeable to the main-product and the by-product in the ratio of 5:3. The cost of the by-product is?

Dear Sir,

AFTER TELEPHONE DISCUSSION I was give qutation to a company, RATE IS FINALIZED AND NOW WE HAVE REQUIRED ADVANCE PAYMENT, WHAT SHOULD BE, FIRST HE SHOULD GIVE PURCHASE ORDER WITH ADVANCE OR PERFORMA INVOICE SHOULD ISSUE BY US FOR ADVANCE PAYMENT.

NOTE: WHAT SHOULD MAKE FIRST PERFORMA INVOICE OR PURCHSE ORDER

HARISH

sir/madam

I want to know whether tds is deducted from full payment(including st amount)

Example:

bill amount = 1103(including st Rs.103),then tds is calculated for which amount. Rs 1000 or Rs 1103

Dear Sir

Dear Sir
Company not follows the consistency in accounting practice in monthly basis but same has been considering yearly basis. Like not raise the invoice in regular interval, not pass the due entry in regularly is the company in default?

regards

CAN ANY ONE TELL ME WHT IS THE ACCOUNTING ENTRY V CAN PASSED FOR ASSESTS FOUND IN IT SERVY????????

Dear sir
I want to know the suitable head for accounting entry. My company decided to pay back to the sale executive 50% of the recovery of old oustanding he deposit. and company will keep 1000 per case for new delivery and remaining amount will be payback to executive. The executive have to settel all his expenses, salary, market scheme, sales promotion within the amount company had paid to him. I have a problem that againt which expenses head I have to reimburse him.
1) recovery expenses.(bcos all the schemes and personal expenses will be paid through the executive)
2) Commission (TDS problem - the executive cant bear it bcos after deduction it is hard to expend the remaining money in market.)
3) Incentive (Same TDS problem)

Please suggest me.

Thanks & regards
SHAIKH A.K.