Dear Professional,

My company is a manufacturing organization. Presently no production is running in the company i.e company is in loss position, company wish to give ideal motor car to other company on hire on that the company to be receive amount, this activity was already included in object clause.

Is this income comes under Business income head ?
(or)
Income from Other Sources ?


If it is IOS, is the business losses allowed to set off from Hire income on Motor car.

Please advice me on this issue.

Dear Professionals,

My company made sales in 2014 but the debtor dose not paid any amount to the company till date.
can the company treat that amount as bad debt ? by debiting to P&L A/c
How the amount debited in P&L A/c will be closed later ?

Please Advice me regards this issue.

if we have 72000 equity share of Rs.10 Each and we have to issue out of these share 5 equity share for each Rs. 100 for clearing the arrears of Rs.18000 then what is the number of share issued & and how it is calculated

Dear All

The company bought the building 6 years ago on loan. For that provision for liability was created in the same year.
Depreciation was started to claim on yearly basis. But as on date still the loan was not repaid. Now I want to reverse the provision for non repayment because due to some circumstances no need of repay that loan amount.
Kindly someone guide me the accounting treatment.

Dear Experts

Please suggest me personal accounting software where I can keep my personal accounting entries including Share and Muntual Fund Transactions.
I wish to have software with one time payment (yearly renewal not suitable).

Thank you

Dear sir/madam,

I want to know that Professional Tax of Maharashtra State deduction from Gross Salary or Net Salary

Good Morning,
I want to know while preparing Balance sheet for a Proprietor , the payment made for LIC Premium where should it goes , is it is an investment and comes under investment under Assets. or it is a Drawing and should be capitalized every year. kindly guide us what is actual correct procedure for this accounting.

Thanks & Regards

How the marking and underwriting is independent each other?Any application received by the company which bear the stamp of underwriter is marked right

In complete underwriting whole of the public issue is underwritten by one or more underwriters so is that means all applications shall be Marked Application. And is there any Unmarked Applications will be there ? If Yes how its possible because 100% of the issues was takeover by the underwriters.

Sir
I used to file my return as interest income only. Later I started a business but mistakenly forgot to club my personal balance sheet ..means my bank balances investments vehicle all t balances I had forgotten to file.now this financial year I want to incorporate my balance sheet what adjustment to make what will be the entries .. please guide