AS PER COMPANY POLICY I HAVE GIVE EMPLOYEE 4500 RS. PETROL ALLOWANCE & 1000 RS. MOBILE ALLOWANCE FIX PER MONTH. THEN THIS IS COMPULSORY TO COLLECT SUCH BILLS FROM THEM. AS PER IT RULES 1600 RS. ALLOWANCE ELIGIBLE FOR EMPLOYEE. IF EMPLOYEE WOULD GIVE COMPLETE BILLS AS PER ABOVE AMOUNT THEN WHAT IS THE CONVEYANCE CRITERIA LIABLE FOR THEM.

Dear All,

our company is in film industry, and we have purchased rights as stock for 5-6 years to broadcast programme on television. We have 2 companies dealing same business. Deal All, My query is we are not maintain stock in inventory because rights purchased is invisible. We are directly put stock amount in closing stock on 31.03.2XXX. I have to transfer my closing stock from one company to other company for broadcasting. How to pass journal entry to stock transfer? because inventory not maintained stock transfer entry can't pass in stock journal. Could be adjustment in reverse purchase entry. Please reply

Regards
Aruna

Hi Experts

Mr. A owned a building & is partner in ABC firm.

Mr. A has given building on rent to ABC firm @ 12250 PM

But has not received rent for entire period of 2015-16 due to crisis in business.

1) Can Firm shows entire O/s rent at 31.03.2016 in its books?
2) Is Mr. A is required to show rental income while filing ITR? as he has not received any such rent?


Thanks

whether as and ind as both applicable for Nov 2016 ca final.

my name is piyush sharma i m from ghaziabad and i m bcom 3rd year undergraduate which result is awaited i want to learn and work in accounting please any requirement for fresher so please call me on this no. 9717139096

While preparing balacesheet of Partner(Indiviual), where to show negative capital balance in partnership firm.
1. To be shown as Negative balance under Capital Account, or
2. Negative balance to be debited in partner capital account.

Pls guide on this query.

ABC mutually aided employes housing ltd is registered under A.P. mutually aided employes housing socities act 1995 in 2007-08finalcial year but from 2007-08 society doesn't have any operations up to 2015-16 and capital of 90000 which it collected is deposited in Xyz coperative society as FD for 12%intrst rate in2007-08 society is following receipt basis for accounting and for 2007-08 and now society shows the value of FD in assets as90000 but actaul value is 160000 so whether it is correct or not! if not what is the corrt treatment up to now society haven't recived intrst from another society for FD

kindly explain to me example with period

Dear Expert,

can unlisted Limited company show Self generated Intangible Assets in its balance sheet?

Please guide.

Thanks you

i have 10 crore rs which i earned from outside india after completion of 10 years of job.so i want to invest it so that i can avoid tax at best side.... so what i have to do to minimize my tax and to become tax free income