Our society given a studio to take the function photographs with print. The charge is Rs.2000/- I can account the expense in Office Expense or any other .....? Thanks
Dear Expert, please tell me if I am receiving some bills of March'16 today in Aug'16, how do I book. Should i book in March and deduct TDS and deposit with interest? These are shipping line bills.
A company has Rs 25 lac DTA balance as on 31-3-15. Current year there is DTA on account of current depreciation 2 lac and DTL on account of reversing of timing differences (43 B)items of Rs 5 lacs. Quries are:
1) Can the current DTA (rs 2 lac) be set off against current DTL (5 Lac) and the net computation for the year be shown at DTL 3 lac
2) Can this Net DTL of 3lac (or any other amount) be adjusted against opening DTA of Rs. 25 Lac.
3) Further, as there is total uncertainty about future earnings of the company, should the balance in DTA (Be it 25 lac as it is OR 22 (25-3) lac) be charged to the P&L of the current years.
Please reply in detail..
Hi Experts
Electricity Provision was made amounting to Rs. 35000/- as on 31.03.2015 in the books of PARTNERSHIP FIRm
Actually bill was received for Rs. 26000/-
Now excess provision is reversed for Rs. 9000/- by crediting P& L account
But our CA is in the opinion that it should be treated as Misc. Income.
Please explain.
I wanted to know the legal and compliance requirements to start a cafe shop in Mumbai.. can any one give me detailed list of licenses and registrations required for starting a cafe shop.. it is very urgent if someone can help me in that..
Hi all pls could you pls explain the difference between sub ledger and subsidiary accounts.
Hi,
I am having one doubt regarding Accrued or Outstanding Term.
Can we use Accrued term in case of expenses ? and if yes can any one come with concept.
Regards,
Nidhi
How does 'change in inventories' become a part of expenses under 'Profit and Loss Statement'?
We always tell that "income" is nominal bt I think income is the liability of business and business is liable to return this income to his owner and therefore it should be representative personal
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