What if a customer pays more than Invoice, how can that amount be shown in account , Apart from freight charges and other charges. so I need to charge vat on freight nd other charges too.

An advance payment given to an employee on 31st march was treated as an expenses. Now in the current financial year that person is repaying the that advance. How to treat that advance??

Dear Expert,

Please advise if excise duty is part of turnover? Say a bill is of Rs. 100/- and excise duty is 20/- and vat is 5/-. Whether turnover is 100, 105 or 125?
How to present in balance sheet. They say, it has to be shown separately, viz, gross less excise duty = net sales.
Won't it downgrade the turnover?

Please help.

Two private limited companies are amalgamating under the new provisions of Companies Act, 2013.

The details of my query are as under.
1. Whether Statutory Auditor can carry out valuation of Shares of these both companies? ( Statutory Auditor is common for both these companies which please note). [As per my personal opinion, Statutory Auditor cannot carry out such valuation which another service other than Statutory Audit for both these companies).

2. Whether there are any formats of such Valuation Report that may have been prescribed by ICAI?

I know other formalities about the amalgamation under Companies Act, 2013.

So can anybody guide me over the valuation of shares as stated above?

Respected Experts ! If we draw a salary structure of the employee based on the full month attendence then in case of his absents will all the components of the salary slip change including basic salary or the basic remaining same some other components will be adjusted? and what will be the effect on the PF and ESI Contributions Will these be changed alongewith or not?

anyone have accounting software in which we can do data entry directly from bill image ?

Can I do data entry in tally directly from bill image/pdf copy

Respected Sir, This is my 5th attempts in Cpt. Till now I have tried many ways to bit the examination. However I could not. This is my humble request to all of you please guild me regarding this so that I will do bit the same. Your reply is really appreciated for me.

If some one gives me a Profit & Loss a/c of a Manufacturing Co. How can I identify that the Profit or Loss showing in the P&L A/c is accurate, is there any method o formula sothat we can more or less verify that the Profit or Loss shown in P&L A/c is accurate...

Thanks & Regards
Manoj Prasad

Dear Sir/Madam,

I m working in manufacturing company. We have constructed warehouse adjacent to our factory.
We have also purchases cranes for the warehouse. We have not yet capitalised warehouse building due to non receipt of construction completion certificate.
I wanted to know, can we capitalise Cranes, which we fitted in the warehouse ? We are using the cranes for machine movements.

Please advice about the capitalisation, can we capitalise plant & machinery in the books of accounts without capitalising Building ?

Best regards,
Manisha