we are distributor firm.we are having brach at baddi & mhl.Every month we send money to depot manager at baddi under imprest a/c depot manager.i wnat to know,this imprest a/c will come under which heading indirect expenses or sundry creditors.

If at the end of the current year the method of depreciation is changed and the change has a retrospective effect, will this retrospective effect apply to the sales and purchases made during the year and/or during the earlier years?

For example: An asset purchased in 2005. Additions made in 2006, 2007, and current year. During the year, part of the asset is sold. As on the last day of the year, the depreciation changes from SLM to WDV. Would you recalculate the depreciation of the asset sold till the date of it's sale and adjust it?

We have developed the new softawre by hiring some resources. But before putting the software live, we engage some external agency to do the UAT. So that it can be ensured that it is free from any deficiencies.

Now my query is that whether we should capitalised the UAT expenses incured or expenses out.

Sir,
please guide us how much rate of TDS U/S 194A for company/noncompany ( interest from a banking company/ other than banking co.) w.e.f from 01/10/2009 for the financial year 2009-10.

AKBAR

Dear Sir,

Purchase EPBAX Machine for official purpose. EPBAX which type of Assets means (Computer or Office Equip.)


Regards,
Vishwas

Hi, wat does substance over form mean?

what is drawings a/c of properitor in case of firm.whether we add last year advance tax paid & tds in properitor"s drawings a/c.

i want to know where we add closing balance of last year tds and advance tax in tally. iam opening company of 2009-10 in tally. i want to know under which head should i add last year closing balance (2008-09) of tds & advance tax in tally

WE ARE DISTRIBUTOR FIRM. I HAVE OPENED ALL ACCOUNTS IN TALLY AND I HAVE PICKED ALL THE OPENING BALANCES OF LAST YEAR BALNCE SHEET IN TALLY, EXCEPT THE BALANCES OF TDS AND ADVANCE TAX PAID.I WANT TO KNOW WHETHER I SHOULD OPEN TDS A/C AND ADVANCE INCOME TAX A/C AND ENTER OPENING BALANCES OF LAST YEAR IN THEM OR WHERE SHOULD I ADD THEM SO THAT THERE IS NO DIFFERENCE IN OPENING BALANCES IN TALLY.

Dear Sir,

I want to know account for charitable trust

Please give me Receipt & payment account format

Chirag