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Ebin cheeran abraham
16 May 2017 at 11:35

Capitalization of ups purchased

whether UPS purchased for computer already in the company can be capitalized?
no computer purchase in the current year


Anand Dixit

Who will be responsible for the TDS deduction on Transport bills in the case of C&F agents who give the transport reimbursement bill.


sunil kumar
15 May 2017 at 22:54

rectification in assessment year

Dear all if anyone guide me?? while depositing tds I wrongly mentioned assessment year 2017- 18 instead of 2018-19 on tds challan for the month of April 2017,how it can be rectified? and what is the procedure? what is the effect if it is not rectified?


md ahmed
15 May 2017 at 19:14

Cost of Goods Sold

How to Calculate Cost Of Goods Sold, which formula we have to take? Plz Help me out..


Ruman Chhajerh
13 May 2017 at 15:02

Pre operating expense

A pvt limited company was incorporated in 2011 but the company has not commenced any activity yet. Please tell me how to account for the expenses incurred in relation with ROC and expenses related with getting the environment clearance certificate i.e. amount paid to consultant and to government



Anonymous

hello Experts,

Can the below mentioned treatment in Balance Sheet is sound for any Proprietorship Business (No tax audit):

Liabilities:

Opening Capital 20,00,000
Add: Current Year profit: 4,00,000
Less: Loss on Sale of Part Business: (3,00,000)
Less: Loss on Sale of Fixed Assets : (20,000)
Less: Drawings : (10,00,000)
__________ 10,80,000

Loss on Sale of Part Business : Assessee has sold his major loss making unit.
Loss of sale of FA : Assessee has also sold some of its depreciable assets at a loss (i.e below its wdv)

Now i need your advice on this, can we show these losses in balance sheet like this ?
As if we treat these losses to be in P & L, the same should ultimately affect the capital, with a Current year net loss.

Thanks & Regards,



vinod kumar
13 May 2017 at 07:59

Lic

Sir one person have taken lic of rs 2000000 and till now he has paid premium rs 400000
So my query is how much amount should be shown in personal balance sheet as asset


vinod kumar
13 May 2017 at 07:55

Accounting and vat treatment

Sir i have purchased some items so my query is relating to accounting entry for purchase
for this invoice detail is given below

Particular. Amount
100 kg soap. 5000
+20 kg soap free.

Vat @ 4 %. 200

Total bill amount. 5200

Sir please tell me how I pass accounting entry of 100 kg +20kg free soap


ankamma rao
12 May 2017 at 12:14

Contract letter format required

Dear Experts
Good Afternoon
we enter into contract with Carpenter,Electrician and Painter for our office renovation .We required contract letter format.So plz provide the format.

Thanks in adavance





Anonymous

Sir,

1) Is there any restriction between religious trust and charitable trust for accepting or paying of donations, in cash
properties.
2) Same person becoming managing trustee, trustees of two different trusts,any restriction on funding mutually for charity payments,
3) Employees provident fundis is it combulsory for the trust office staff

Please reply sir.






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