Dear Sir

we are mfg concern of hand tools.
we have purchased open broch which is used to make chabi(tools).

gas cylinder is for welding. it is machinery repair or purcahase.


it is machinery repair or purchse.

vat can be refundable on machinery repair under punajb act or not.


PLz reply.

....................

Dear sir,


Should we add back "Deferred tax Liability" while calculating Net worth of Company and vice versa "Deferred tax Asset".

Could you please give reason behind your answer.

we are a properitor firm. we are distributor & C&F AGENT of petroleum company.now,we are taking distributorship of another company along with current distributorship.now,i want to know whether we have to file differnt sales tax quarterly returns of both the distributorship or just single return.whether we have to open account of two companies for both the distributorship or one company IN TALLY.kindly guide us.

we are a properitor firm. we are distributor of petroleum company.now,we are taking distributorship of another company along with current distributorship.now,i want to know whether we have to file differnt sales tax quarterly returns of both the distributorship or just single return.whether we have to open account of two companies for both the distributorship or one company.kindly guide us.

Can any suggest me books for Accounts & Cost & FM for practice..?

Dear all
kindly solve the quire its practical question which was ask in TCS final interview for General accounts post

Mr.X having his Vegetable selling Shop
total Sales is 2,30,000 purchase 95750
Expenses for the Year 25600
Cash balance at year ended 12750

Prepare Income and expenditure and Balance sheet for the Year 2007-08

Dear sir/madam,


Pleas give the definition for the following.1.Expenses
2.Loss
3.Income
4.Revenue
5.Profit

Dear Sir,
I am an accountant & I am using Tally 5.4.
My question is My company opened 2 new accounts in HDFC Bank Ltd for Euro currency & Dollar Currency so how to create an accounts in tally 5.4 & how to write balances in that???
Thank You.

We are participating in exhibition which is taken place in Feb'10.For this we have paid of Rs. 119000/- gaianst party bill dated 15.05.09 and deducted TDS accordingly.
Now we want to more spce in exhibition and rebooked the new stall and cancelled the old one.Party has sent the bill for the new one of Rs. 178000/- and date & bill no is same as it was in previous bill which was cancelled.

we have asked the party to send a bill for differnce amount.
My qeury is:
- Am I correct?
- Can we pay the amount against this bill?

Pl suggest how can redrease the matter?

what is bank occ a/c ?