Whether the advance received from debtors should be shown as liability or it should shown in Sundry debtors with negative value?
I know the net effect will same, but want to know the exact treatment in the books of accounts for better presentation. Many of the companies showing it in sundry debtors with negative value and other as current liabilities.

A Ltd had a total turnover of RS. 60 crores including inter divisional transfer of RS. 14 crores. Whether A Ltd is liable to give segment reporting as per AS 17?

My co. A pvt. ltd hs to first time prepare CFS pursuant to CO. Act 2013. the Date of investment in subsidiary is 3rd March 2007. will i have to make consolidated balnce sheet from that period i.e, 2006-7. to arrive at correct position .

I am preparing a Project Report and in that I have to capitalise the interest on term loan for 1 year. Under which head it will come?

journal entry of bad debts

Dear Sir/Mam i have entered wrong tan in a tds return if Q4 (f.y 2015-16).May any one help me in this context. Thankx in advance ..... :-)

Respected Sir,
while doing bank statement's entries in tally7.2, we put all the credit side (Deposit side) items in Receipt Vouchers and Debit side (Withdrawal side) items in Payment vouchers.
but while looking in the ledger it shows all receipts entries under Debit column & all payment entries under credit column.why it shows opposite? Can you please give explanation

Dear sir,
An individual transfers his assets to company and my doubt is what date should we take as date of purchase in calculating depreciation as per new companies act 2013?whether it's actual date of purchase by the individual or the date on which the asset is transferred to the company? In my opinion i thought it was the actual date of purchase. Please clarify me whether it's Correct or not.

Hi,

Our business is a office management service providing earlier proprietor status , now become a Pvt Ltd Company and got certificate of incorporation on 30th April'2016. I want to know that we have raised invoices for April month to our customers with proprietor status on dated 1st May.

One of our client raised concerned that as our status is changed to company we have to raise invoice as Pvt ltd company. So is he right or we can raise invoice from may month as Pvt Ltd.

Thanks in Advance.

Dear Sir,
In the previous year there were some cheques which were not passed there where classified under reconciliation now after 3 months also they are not passed in the bank so they become stale cheque now how to enter them 0r recognize the balance in tally