we don't made any purchase or sale yet.do we need to file return this quarter??

Dear friends and experts
I am going to take incharge of accounts of small concern as a part time job. Their turnover maybe around 50 lakhs per year. Till now they maintain a small register in which payments and receipts are recorded separately. They didnt give importance to accounts and there is a lack of manpower. What my question is after taking in charge of accounts as a part time job, shall i follow cash basis of accounts? If i didnt follow accrual basis of accounts what will be it's impact. It will be helpful for me if anybody gives detail information. Thank you very much in advance

while doing proprietorship accounting saving bank interest credited to bank account shall be treated as other income or shall be credited to proprietors capital account?
If it is considered as other income in computation saving bank interest will get considered twice 1.as part of business income (reflected in profit)" and other source income.
Please guide me.

Respected Sir,

my father is a govt. salaried person, now he wants to make F.S. (balance sheet & Capital A/c)
i have following queries,

1. whether can i do so?
2. in case of Fixed Assets in balance sheet, can i charged depreciation on to it, or i can not?
if yes where depreciation is to be charged, In capital A/c?

1 what will be the journal entry when a builder buys a land for construction purpose 2 if he buys a land with someone for only purpose of profit sharing what will the journal enty

company is engaged in infrastructure development so the accounting methods to be applied as per as7…¿¿?¡

Do I need to keep the record of deposit slips for my accountant? 2) Are there any limits with regard to cash deposits and withdrawals? 3) is there anything I need to take care of while making cash purchase bcz I heard from my CA that I can't make cash purchase for more than 20000 in a day?? kindly help

what is mean by purchase order & sales order? How to do tally erp 9

Sir, we have converted our pvt. ltd. company into LLP, we had reserve & surplus in Pvt. Ltd. approx. 6 crore but after conveted into LLP, we cant't distribute reserve & surplus to Partners upto 3 year then where we have to show accumulated reserve & surplus in LLPfirm in Balance Sheet and Income tax return under Contribution & Liabilities or reserve & surplus under other reserve or any other item and we have to distribute current year full profit in sharing ratio to Partner's capital, pl. advice the treatment and effect ?, thank.

Respected Expects,
I need some clarity about treatment of software development cost-Held for sale.
Development period is 2015-17
whether development cost to be charged to P &L Account or to be capitalised and amortized over a period of time..Our entity is a pvt Ltd Company
Do this needful favour..Thank you.