Sir
A PVT LTD COMPANY Which has Mining Business they will pay TCS to the Government whether it should be under the head of CURRENT ASSETS or Administrative Expenditure?

Hello,

Is there any provision regarding the time period after which government liabilty can be written off from the balance sheet of the company.

An advocate told that it cannot be written off before 12 years.Is it correct.

Please help.
Regards,
Jyoti

1.difference between cost & expense?

2.what is cost driver?

A company was incurring capital expenditure for acquiring business rights from year 2006-07 and were treating the same as revenue i.e. not following the AS 26. Now in the year 2008-09 company realised mistake and want to capitalise the same. Whether company should reopen its accounts of last two years or rectify the mistake in the financial statement of 2008-09.

dear sirs ,
Plz suggest me the accounting treatment of defferment of sales tax , since there is a opening balance of DFT SALES TAX IN Balance sheet & in current year , concern has paid the tax out of it , how to adjust the balance ? if expensed in P&L , WHAT IS THE ENTRY ?

A Co has been depreciating its assets on WDV. However, depreciation rates used are different from those prescribed under Companies Act
If the Co adopts in the current year depreciation rates prescribed under Companies Act, keeping the method of depreciation as WDV, what disclosures are required as per Accounting Standards???

Hello Sir,
Employee Name: Kevin
Company Name: Leadkarma
Example:
Kevin pay $400 to company for his health insurance payment. Which entry made in companies books.

Company received $400 from employee & $100 contribution added by company & pay $500 to Insurance Co. Which Entry I made in Companies book account.3

Plese provide your feedback for above on my mail id: rathodkamlesh2@ymail.com

Thanks
Kamlesh Rathod

We have sold some part of CWIP Excess material procured for building ( say Steel )value is not a nehligible value )
what is the treatment od this sale.
& pls explain what are all the disclosure requirment

regds
Satheesh

How is "Advance received from customer" to be disclosed in the Financial Statements of a Company as per Sch VI to the Companies Act?

i want to ask that if a pvt ltd company is involved in construction of buildings n appartments after purchasing lands.....so the cost when recognised for the year will be including the whole cost paid for land or proportionately to the % of work completed what is the general practice....???urgent