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Yogesh
07 September 2017 at 13:52

Buy back of shares-debt equity ratio

Why we include Current Liabilities In Debt at the Time of Calculating Debt-equity ratio for The Purpose of Buyback and Why current liability is not included in debt-equity in Financial management?!


venkata vamsi krishna vedantam
07 September 2017 at 13:48

Doubt clarification

in preparing cash flow statement though indirect method information given
receipt of govt grant 12 lakhs depreciation provided 20 lakhs
net increase in working capital 1500 lakhs excluding changes in cash and cash equivalents
they do not provide information regarding amortization of such grant
now my question is if we modify that there is amortization of such grant[adjustment] 7 lakhs
now we deduct 7 lakhs from net profit in order to arrive at operating profit
what adjustment to be made to working capital changes considering this new adjustment made by me
we have to deduct such 7 lakhs from net increase in working capital 1500 lakhs and we have to deduct working capital increase of 1493 lakhs from operating profit we found to arrive cash flows from operating activities
i want to know the reason?



Anonymous
06 September 2017 at 14:36

Professional tax

What is the definition of salary for Professional Tax?
PT shall be levied on gross salary or basic salary?
Shall overtime be considered in the definition of Salary?



Anonymous
06 September 2017 at 10:40

Capitalise asset

can i put in accounts a new phone purchased from abroad?can i capitalise


venkata vamsi krishna vedantam
05 September 2017 at 23:09

Doubt clarification

what is the effect on working capital position on receiving grant from government?
and we amortize the grant so received over a period of time


arun

Please help me
Mr. A received Interest of Rs. 74865/- on Security Deposit from Electricity Company and TDS to be deducted @10%
What is the entries in the books of A for both Interest and TDS.


Nasir Ahmed

expenses paid for registration of vehicle under which accounting head.


Jyoti Prakash Moharana
05 September 2017 at 06:43

Accounting entry

What is the entry for below scenario ?

Suppose we have contract with customer to sale goods of Rs 100,000 and freight outward Rs 10000, totaling Rs 110,000 billed. We don't have transportation facility so we gave to third party and freight outward recovered from customer. There is no relation with customer and third party.


Anujkumar
05 September 2017 at 01:22

Pls advice me on rcm on rent

My tenant is a charitable trust n they so do not have gst means they r not registered with gst n the rent is 3 lac per month . I paying gst from my pocket . Is there ny process of RCM Or ITC ?


Mahendra Kumar
04 September 2017 at 16:53

Export sales

In case of Export, when the sales which are exported shall be taken for accounting purpose?
For Example: the sales invoice is raised on 29-03-2017 in USD on US customer. The documents are verified by custom authorities and Bill of Ladding is prepared on 02-04-2017. The goods are actually despatched from the Gujarat custom port to US on 03-04-2017.
On which date the Sales entry should be passed in the books of account?






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