can all the preliminary expenses can be written in the first itself as per Companies Act,1956

Some financial accounting softwares using "Expenses Booking" vouchers to enter & book the expenses under the purchase account such as bill for placing advertisement( indirect exp), printing expenses bills ( indirect exp) etc.

In tally software, can we make a new voucher other than the purchase voucher to enter and book these type of expenses under purchase account.

The above type of bills will not come under purchase.These are indirect expenses.
How we enter & book these expenses in tally software.


SK

a firm[say a] has taken a frenchise of a product from a firm[say b],
firm-a accepts only credit card payments,
the amount of sale(credit card sale) is send to firm-b.
later firm-b will pay some amount to firm-a as per their contract.
how will the credit card payments be recorded in books of firm-a.
Also some bank charges are deducted for this facility by the bank.
please give me entries to be passed in this case.

Sir,
I am working in a Pvt co. & our co has borrowed loan from Kotak Mahindra agnst 2 car (Mercedes Benz) for 3 years. In this regards pls specify me loan a/c head in a/c book & tds is applicable on int paying to KMPL

Regards,
Anjan S Mehta

Financial Assistance in the form of cash
(non -returnable) + agency service from a *government fund to a private company for
office automation ( software installation).

We can account this cash as miscellaneous income in P& L A/c.

How we will account this income in other ways?

How it will b/f in the next fiscal year ?

( *Not from Indian Govt. but from a middle east country ministry)
stationary exp, Office automation & computer repairs& maint etc are trating as indiect exp in P&L.

How we will account financial assistance ( non returnable) from govt fund.

Financial Assistance in the form of cash
(non -returnable) + agency service from a *government fund to a private company for
office automation ( software installation).

We can account this cash as miscellaneous income in P& L A/c.

How we will account this income in other ways?

How it will b/f in the next fiscal year ?

( *Not from Indian Govt. but from a middle east country ministry)

we are importing raw material against advance licence and we do export to clear the the export obligation against advance licence.suppose advance license obligation is not fully met

please even tell me,in case of DEPB

How shuold i value inventories at end of balance sheet date

Dear sir,
I need Reference books &its authors for the following Subjects :
1 Adavanced financial accounting
2 Managment accounting &its performance
3Auditing
Quantative methods
Sir pls send an adivce Towards the books &how to study over the subjects for Icwai june exam

Dear Members,

I have a query.

The query is as follows:

Many well known companies (E.g Tata Steel Ltd - Schedule 3: Interest (Page No 124 of the Annual report for the year ended 31.3.2007) in their Schedules forming part of the accounts show Interest paid Less Interest Received. Does this practice conform to Schedule VI to the Companies Act 1956? Or if ICAI has recommended this practice in any of its publications, if so where? ROC's are also raising this question?

Learned Club Members are requested to enlighten me on this practice.

S Venkatesh

how to do sales reconciliation