One person is having a trading business. He is getting discount/ commission for achieving target from its supplier. Whether it is a direct income or indirect income. Discount is totally related to purchase turnover.
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Thanks in advance.

What are the risk of Prior Period Expenses recorded in current year to the business

is it mandatory to pay bonus for the yr in which an employee has resign???

Hi
If Flat purchased is under construction then we have to required do Depreciation entries in Tally?
What Entries should be done for depreciation on laptop how much % plz tell me with DR CRn or under which groupe or Ledger.

what is deferred revenue expenditure

Hi sir ..
i am working with IT company i want to know is JV required for salary ? what enteries should be required for salary .
2) which taxes required to pay for IT company if services provided to Foreign customers. plz help me .

Can anyone explain the recent changes in IFRS on Revenue Recognition ?

Sir/ MamIf I am having a car on loan and having a business on proprietary firm basis then can I show the depreciation expense and interest expense as a business expense so that my personal capital is not reduced .( But I will be taking car in my personal name and not proprietary firm name )

Is Purchase Account is a Real Account Or Nominal Account ? I think it's nominal account but the problem I had faced is that When I was Searching this in ICAI Website it was Mentioned that it is a Real Account. So, please Clarify My Question

In cash basis accounting how to maintained following accounting for salary:

Salary entry :
Month of March
Paid in April
so we book salary entry in April

Salary A/c ---------- Dr.
To Employee A

Employee A A/c................Dr.
To Cash/Bank

so in form 16 its consider as April because of payment month
Same amount reflect in salary slip for march

so how to match salary slips and form 16