Dear Experts,

If a DD has been drawn in favour of a third party from the company's regular bank account and keep pendng to issue, how should it be accounted in books. Should it be accounted as cash drawn from bank.

Thanks

in the current year i have make a provision for tax of Rs. 50,000 and paid advanced Tax of Rs.40,000 tell me the effect of transaction that is provision will show on P&l dr and B/s Liabilities what about advanced Tax Paid? post the entry for provision for tax and Advanced Tax separately

Hi,
1) I wanted to know the what should come under Receipts and Payments in Tally 9, as I am confused to make entries.

2) The account Tab is coming in both receipt and payment vouchers, but the cash is in current asset, if i make an entry all the accounts are showing in current assets including the expenses, so please help to make proper entries.

Thanks
Naveen.C

An Indian private ltd company which satisfies first four conditions of sec 2(f) of Companies (Accounting standard rules) 2006 to qualify as a smc. But it is a subsidiary of a foreign company which has the turnover of more than 50 crores during the immediately preceeding accounting year.
In that case will the Indian pvt ltd company be smc or non smc? Thank you in advance.

Whether fixed assets received free of cost can be capitalised at nominal value or zero value ?

whats the meaning of Pt. 7 & 8 in AS-18

dear sir,

can accountant use of green or red pen for checking vouchers.

also give me information abt who use green & red ink pens. especially in accounts / internal - external audit.

Hi,
My Company have a foreign branch in USA. Whenever the invocie is booked in INR it has to be converted to the USD for the local reporting in USA. So at which date's Foreign Exchange Rate should be consider for the conversion. The conversion should be done on the invoice date or the date at which invoice is booked in the books.
Thanks,
Kailash

Hi everone, I have a query regarding accounting treatment towards preproduction expenses. I have taken this as a deferred expenses. Now I want to write off this expense after considering the Accounting Standards. Can anyone please help me regarding this.

Can Sharing lunch with clients be treated as Business promotion expenses?
Please explain the difference between advertisement and business promotion expenses?