In CFS, we figure out the changes in working capital during the year.
for eg. where the Debtors have increased, we show it as a (less) item.but i'm confused as to why to show it as (less) because in this case cash is neither coming in nor going out of the business, where in reality 'Goods' are being sold.

we are a firm(distributor & agent). we are having four transport vechiles.we have paid road tax of Rs 20000 on them. i want to know,whether road taxes are taxes or expenses.In our account books,where we should include them.In duties & taxes a/c or indirect expenses a/c.

Dear Sir,

Our Firm is a Partnership Firm.We Have Expend Rs.17000.00 on Diwali Festival Celebaration with Gifts To Partys & Pooja Celebaration.Our Ac is in Tally pleases say all the Diwali Expenses what Ac should I Debit for Cash.Please guide me for Proper Expense Head.


Regards

I WANT TO ABOUT CA-FINAL EXAMS THAT IN FINAL EXAMS, FULL IFRS IS TO BE ASKED OR JUST COMPARISION WITH ACCOUNTING STANDARDS IS TO BE ASKED?

WE billed August 2009 for 2 candidate recruitment fees but one candidate left job . we have to raise only one person recrutiement fees; we already file the service tax return can we change bill or issue credit note

i requested you if u submitted their excel files such as income tax, pf form 12a, ESI, SERVICE TAX Etc. please do not protect it and do not create a password...isse better hai ki aap log file submitt hi na kiya karo...

plese do the needful.....
regards
saurabh

if company open one bank A/c in the name of some person & company wants to transfer money from company bank a/c to afore said bank A/c and that person use this money for petty cash exps for company office exps. Is correct then what is accounting treatment?

Please reply soon.

Our Company Sale 5000 no of bag @100/- each to A Ltd. In which 4000 bag have received to party but 1000 bag still in transit ( i.e. Goods in Transit )

what should be ledger entry of this transacton in Our Books and Where Goods in Transit should be shown in Balance Sheet.

and also where this goods in transit will be shown by A ltd in their balance sheet too

If director give cash to company for office exps.
what is the accounting treatment?

if company take money from his employee from his salary and exps incurred in office exps?
what is the accounting treatment.

what is revenue?
what is expense?
what is income?
what is gain?
what is profit?
what is loss?