DEAR SIR,
I HAVE A DOUBT REGARDING ACCOUNTING OF LETTER OF CREDIT WHICH HAS BEEN ACCEPTED BY THE COMPANY BUT NOT CLEARED DURING END OF FINANCIAL YEAR & HOW THESE ARE SHOWN IN THE BALANCE SHEET
As person has taken applied for leave encashment in the month of March-08, but has got sanctioned in the month of April-08 and payment was also disbursed in the April-08.
Now my question is that -
Whether it should be booked as liability in the month of March-08 by booking as expense for march-08, or it should be booked in the month of April-08 as expense.
If it booked it in the month of march-08, whether company is liable to deduct tax in the month of march-08 itself.
and finally, when it will be taxable in the hand of employee, in the previous year 2007-08, or in the previous year 2008-09
kindly reply.
Please let me know any book or Web Site to update / to gain expertise in determining whether particular expenditure is of capital or revenue
I know the basic concept.I just want to update acadamically by studing case laws / example
dear expert,
can u provide me information about ECB ( External Commercial borrowing , if u have in detail, how this facility one can avail and what is its requirement to fullfil.
As person has taken applied for leave encashment in the month of March-08, but has got sanctioned in the month of April-08 and payment was also disbursed in the April-08.
Now my question is that -
Whether it should be booked as liability in the month of March-08 by booking as expense for march-08, or it should be booked in the month of April-08 as expense.
If it booked it in the month of march-08, whether company is liable to deduct tax in the month of march-08 itself.
and finally, when it will be taxable in the hand of employee, in the previous year 2007-08, or in the previous year 2008-09
kindly reply.
What do we mean by Liaison office set up In India.Explain in detailed manner with example.
I have a querry , IT goes like this:
Can a company adopt a policy to write off all the fixed assets below 40000/- ? or whats the basis of fixing the materiality in writing off the Fixed assets and is it covered by any section under Companies Act
Dear
Any one can provide me a format of Comprehensive salary sheet?
Thanks & Regards
Rohit Boraniya
HI ALL
I AM 26 YEARS OLD HAVING 4.5 YR EXPERIENCE IN ACCCOUNT DIVISION OF 3 FINANCE COMPANIES.
MY PROFILE IS AS FOLLOE:
Ø Processing Salaries for the Regional staff i.e. Permanent & Temporary both.
Ø Cost Centre Accounting (CCA): Organization, Customizing and Maintenance.
Ø Preparation of accounting schedules required for accounts finalization.
Ø Preparing Bank Reconciliations Statement on daily basis.
Ø Payment & Reconciliation of ESI & Professional tax liabilities.
Ø Processing & Reconciliation of Petty Cash Account for the Entire region.
Ø Preparation of MIS reports to provide feedback to top management on financial performance.
Ø Preparation of P & L for Salary & Expenses.
Ø To keep watch on bank inflow & outflow, & accordingly make projection for next day.
Ø Verifying, Processing, & recording Travel advance requests, Employee claims, Payment requisitions.
Ø Expenses booking of all the Branches for the Entire region.
Ø Recording of routine accounting transactions in the accounting system, such as Cash, Bank & journals etc.
Ø Tracking the total outstanding of the company on a daily basis.
Ø Maintaining and monitoring of Fixed Assets Register.
Ø Looking after Full & final settlements of employee.
Ø Ensure timely payment to Vendors & landlords as per agreement or payment terms.
Ø Follow up with Bankers for reversal of Bank Charges and Interest charged.
Ø Ensure timely & accurate Closing of accounts by due dates.
Ø Coordinating with auditors for the Finance & Accounts Audits & solving their queries.
How much salary i am suppose to get in pune city ?
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