Hi,

Please guide me weather depreciation is charge in a company on the basis of income tax act or companies act. which system do the accountant follow.

If company took credit facility for 6 months so processing charges for six month is supposed x amount than it treated like prepaid expenses or fully charged to p/l at one time only?

Can any one please explain me with example the difference between written back and written off and also its treatment in accounting ?

hi friends

please say me if a partner ship firm has given bank gurantee and against the bank guarntee the have kept fd as security.

Recd.amt as advance 300000.00
parnter has withdrawn the money and made fd 150000+150000=300000.00 not no firm name but on their name
please say me what entry should be passed in the partnership firm books

regards

Non refundable deposit received on an agreemnet for 3 years
which of the below mentioned treatment are appropriate to recongnise revenue
1. treat it as income at the time of receipt
2. credit deposit as income over the period of contract.
kindly suggest the treatment which is in confirmity with AS - 9 and related IAS

Hi,Kindly help me to know the difference between primary and collateral security.

Hi friends, could you please help me out............ Want to know the difference between cash credit and overdraft

what is IFRS? and from when it is applicable? is it applicable for the May 2010 examination?

How do you write-off expenses. For Eg., expenses incurred in the year 2005 & 2006. Audit is done in the financial year 2008. Can these expenses incurred in 2005 & 2006 be writen-off in the financial year 2008. If YES, what is the procedure and what journal entries to be passed? Also, what is the impact on Balance Sheet and P & L Account? OR How does it affects BS and P&L account?

Thanks

what is provisioning and scheduling in case of accounting?