hi i am a small proprietor running a job work business. i have been running this business for last three years. but i did not open any current account. i just opened my current account this month. i wonder if i can deposit my cash received till now in this financial year in my current account?

A person is into cargo buisness and earns commission on providing trucks for transportation. He acts as a middleman between the the person who requires truck and the person who is ready to send his truck for transportation and earns commission income on the same. Please guide regarding the overall accounting aspects of such buisness and what are the things to be kept in mind while starting the accounting of such a buisness. Is there any checklist?

What is the treatment of costs incurred Trail run of a fixed Asset as per AS10 PPE

interest on NBFC Already credited but TDS not deducted.Now I want to pay tds amount and getting tds refund from nbfc. then what is the journal entry.

is it necessary to do a single entry of employer's towards epf and pension fund contribution with salary due? entry of salary due is basic pay dr hra dr conveyance dr and all allowances given by employer debited salary payable cr esi contri. cr epf contri. cr and all deduction made by employer credited. i think this is the full fledged journal entry of salary due... but my question is ' may i book employer contribution towards epf and pension fund in journal with the above entry made by me??? if it is possible then what will be the entry??? please help me i m in confusion...

dear experts recenty we are renovate our office and create some extra cabin also..and some labour bill also including in this works. my quiry is can we allow to used this exp to capitalize? if yes than under which head we show to assets ? can we used also labour exp to capitalize..?

plz give me guidelines for to keep books of account of construction Bussiness .like as accounting entry and taxation...thanks in advance

ABC Co Ltd has been arrange of 3rd year company foundation day. Insprit of that company has given many type item of their all staff.In this situation all type expenses is it switch of either staffwelfare expenses or general expense .

ACCOUNTANT’S REPORT ON COMPILATION OF
UNAUDITED FINANCIAL STATEMENTS


On the basis of the accounting records and other information and explanation provided to us, we have compiled the unaudited balance sheet of “Mr. XYZ” as at 31st March, XXX and the related profit and loss for the period then ended.

“Mr. XYZ” is responsible for –

(a) Completeness and accuracy of the underlying data and complete disclosure of all material and relevant information to the accountant.
(b) Maintaining adequate accounting and other records and internal controls and selecting and applying appropriate accounting policies.
(c) Preparation and presentations of financial statements in accordance with the applicable laws and regulations, if any.
(d) Establishing controls to safeguard the assets of the entity and preventing and detecting frauds or other irregularities.
(e) Establishing controls for ensuring that the activities of the entity are carried out in accordance with the applicable laws and regulations and preventing and detecting any non-compliance.

The compilation engagement was carried out by us in accordance with the Standard on Related Services (SRS) 4410, “Engagements to Compile Financial Information”, issued by the ICAI.

The balance sheet and the profit and loss account are in agreement with the books of account. We have not audited or reviewed these financial statements and accordingly express no opinion thereon.


IS THE ABOVE FORMAT “CORRECT AND ACCURATE”???

Dear Sir,
The company pays maintenance charges to mall owner which includes electricity charges, water Bill, AC Charges, Cam Charges etc. Whether TDS on contract needs to be deducted?. If yes, then on whole amount(excluding service tax) or only on AC Charges and Cam Charges?

Thank You