What would be the accounting treatment of preliminary expenses and inoperative expenses and also for income tax purpose also.
Advances paid against making building but some services not received due to cancel of contract , what would be the treatment for not reeving amount given as an advance from party, whether it should added to building cost or write off it or may be other way.
what is nature of interest of cash credit and overdraft,
is revenue expenses or capital expenses.
whether interest on car loan treated as revenue expenses or capital expenses.
whether these entries are correct
For Making FDS
(1) FDs A/c Dr
To Bank Account
(2) on Accrued interest on FDs
FDs A/C Dr
TDS Receivable A/C Dr.
To Interest income on FDs
Accrued interest added in principal amount
and reeving on principal amount and interest
Bank A/C Dr
To FDs A/C.
whether interest on PPF accrued to be added year wise in principal amount until PPF is not received. and whether interest on PPF is taxable year-wise.
whether dividend payable on right issue and bonus share also
what will be the journal entry of dividend receivable.
what is meaning of
Interest accrued and Due
Interest accrued but not due
and what is accounting group for above mention the both term.
what is meaning of merging of expenses or income in accounts or assets or liabilities.
What would be the accounting treatment of Preliminary expenses and inoperative expenses