Dear sir,
i need a clarification about Contra entry.Cash wihdrawal from the bank.for that we should pass contra entry.
but they passed bank payment entry instead of contra.Is it correct?...

Entry in bank payment as:
Cash
to Bank.
It will give the same effect.Then what is the purpose of Contra??...
Explain and give the effect also...

Can anyboby explain me the calculation of DTA/DTL in the following situation.

Accounting loss 1000000/- (Depreciation 100000/-)

IT loss Rs 1200000/- (Depreciation Rs 300000/-)

Tax Rate 33.99%

There is virtual certainty regarding future expected profit.

Can anyboby explain me the calculation of DTA/DTL in the following situation.

Accounting loss 1000000/- (Depreciation 100000/-)

IT loss Rs 1200000/- (Depreciation Rs 300000/-)

Tax Rate 33.99%

please explain me how to evaluate the balance sheet, by the balance sheet of the company, we can get the strength of the company,

dear sir i want to know what are the importance of a company`s share capital, and what is the different between sharecapital, issued, subscribed and paid up capital

thanks

In manufacturing of fabric company,they purchased furniture to the extent of full amount including CST @12.5(according to MVAT)whether it is claimable.

How they should shown in accounts book regarding assets and CST??...kindly help me..sir

kindly tell me how to do audit in EJV?....

Dear sir,
i need a clarification that,what is the accounting treatment about freight inwards.If i m showing seperate from my purchase,whether
my valuation of closing stock will reveal correct amount.I heard that freight charges should not show separately.if doing so,it will not reveal correct value of closing stock.The company is using Tally software.They made purchase as purchase a/c and freight as direct expenses.

kindly help me

Dear Friend,

I want some material / presentation / note / link, etc on FIFO method valuation of raw material (& other inventories) v/s Weighted Average method of raw material (& other inventories)

I will require its comparision, benefit, disadvantages of each other, etc...

Please mail me at: deepak.agrawal2008@yahoo.co.uk or reply me thru private message in CAclubindia.com

Dear Sir,

Can you tell me that in Balance Sheet where we can put the Software Development in Assets, I t would be in Fixed Assets of in Current Assets.Please let me know as soon as possible.

Thanks

Rajesh Shukla

dear sir,

i just want to know that how many methods are there to calculate depreciation

While valuing goodwill on the basis of net assets method proposed dividend & non trade investments is not taken into consideration. Then why is taken in the case of valuation of shares?
Also, while computing Future Maintanable Profits proposed dividend or dividend paid is added back to the profit. Why? And income from non trade investments is deducted. why? I understand that this is the method but could you please tell me the basis behind for better understanding.