Sir,

Could you pls guide me what is profit & loss appropriation account and what is the purpose of it.

pls expalin in detail.

Sir,

pls guide me if i have provided rs.10,000 as income tax and my advance tax s is rs.
8000.00 as on 31st march then in next year how should i setoff both the accounts.

pls tell me what adjustment entries should I pass.


Thanks

It is mandatory to keep books of accounts of a company on accural basis



if we want to maintain our book of accounts on cash basis
it is allowable or not according to Indian Companies Act 1956 or India Income Tax Act 1961.

It is mandatory to keep books of accounts in the case of a company on marcantile basis

sir,

pls tell me what are capital gains.

what is stock audit

Sir,

Pls guide me how should i calculate depriciation on fixed assets as per income rax and as per company act and what amt should i transfer to profit and loss account i.e depriciation as per income tax or as per company act.

pls send me the depriciation chart as per income tax and as per company act.

AS-7 “Construction Contracts”, whether applicable or not, to projects undertaken by the enterprises on its own account as a commercial venture in the nature of production activities?

E.g. House construction by Local Authority or company and after completion sales by draw.
E.g. Flats construction by a Co-operative society for its members.

AS-7 “Construction Contracts”, whether applicable or not, to projects undertaken by the enterprises on its own account as a commercial venture in the nature of production activities?

E.g. House construction by Local Authority or company and after completion sales by draw.
E.g. Flats construction by a Co-operative society for its members.