What is Debit & credit note ?
What are the conditions to issue debit
& credit note ?
what are the journal entries for issuing debit & credit note ?

My friend is running a soleproprietorship concern for the past4 yrs. he has availed OD for the business purpose & housing loan for his aquiring a house. The interest on OD is debited to p&l account under finance charges & interest paid on housing loan is debited to his capital account.However,both the loans are serviced through his business account. What would be the effect on profit/NW of the concern if the interest paid on housing loan is debited to P&l Account? Is it correct to debit the interest on HL to Capital Account?

is there any difference between Networth & Tangible Net worth?

Whether payment for expenses made in F.Y. 2008-09 for expenses incurred in F.Y. 2007-08 is allowed as an expenditure in F.Y. 2008-09.No provision is made for the expenses incurred in 2007-08.Also please specify the applicable section under I.T.Act,196

Hi,
I was working on Tally 7.2 in educational mode while posting sale entries my computer turne off because of power failure. I tried to rewrite the data but when i work in particular month in which i was working it hanged. pls. help

can somebody tel me how to add the over heads to per unit cost and arrived at the selling price.

i've arrived at per kg and want to add all the overheads to it like salaries, rent etc...........

Pls provide steps to scrutinize trial balance

Is the amount received from the MD of a pvt ltd company for carrying on the day to day activities can be shown as a loan for the company from share holder???????

hi

I just have the following query

... A company under construction hasn't created any provision for tax ... Is there any requirement for calculating deferred tax as per accounting standard issued by ICAI.


Thank u

What is mis reports in accounts?
how to prepare mis reports