Dear all,

I am going to prepare monthly P&L, Balance sheet in this depreciation charges for monthly is also charge or not. How our current industry prepare P&L monthly for reporting to management about profit of every month please suggest.

There are 3 person Mr.A Mr.B & Mr.C. Mr. A gives premises on rent to Mr. B. but Mr.C pays rent on behalf of Mr.B.
So what will be the Accounting entry in all the 3 individual books.

How to identify fake purchase and sales

As per 194 C in Education institutes Bus Hire on Contract and payment made with Rent & Diesel

P lase clarify that TDS applicable on Rent or total amount of Rent & Diesel .

Hello All,
While I making a payment to a contract employee , is it comes under the heads of salary or what. He has joined as an Internal Auditor on contractual basis for a period of one year.We paid him Rs.25000/- p.m. as remuneration. He is super senior citizen. Can I deduct TDS on his remuneration although his exemption limit of Rs.500000.00 under the head of salary.

Hi , I want to know at what rate should we charge depreciation on Kindle Tablet which is only used for reading purpose. Will it be charged at 15% or 60%

payment of partner salary in case of loss made to partners is compulsory or not. and interest on capital.

please advice me.

In Karnataka,Shall we get input tax credit on purchase of LPG used for manufacturing of food products.?

There is a negative balance(cr balance) as per books of accounts but a (dr balance) positive balance as per bank book. What should be the treatment as per Revised Schedule VI?

Whether expenses incurred for moving goods from one clearing port to another port before reaching to company warehouse shall be added to Landed cost of Goods