schedule 2 of the companies act applicable prospectively or retrospectively....in case of prospective effect then company should follow AS-6 or schedule 2 as the as-6 say change in accounting policy have retrospect effect???pls do needful as earliest..

I have to pass a journal entry where rent has to be adjusted from security money and tds also has to be deducted.

Rent is 51750/- and tds is 5175

My Query is:-
At the end of a financial year if any of expenses are outstanding(For Example Rent) then which of the following entry is correct?
1. Rent A/c
To Creditor A/c
2. Rent A/c
To Provision for Expenses A/c

Please also explain me when do we credit creditors account and when is provision for expenses account has to be credited at the year end.

whether purchase of toner for printer will be capitalise or claimed as revenue expenditure.

Whenever we receive USD credit in the bank account, we booked the same in Tally in INR with the exchange rate prevailing that day. Similarly, when we have to pay to our principles in USD, we pay the same. When accounting in our books, we pay a different amount due to a different exchange rate as on the date of payment.According to the Bank Statement, there is Nil balance in our account, but in our books there is a balance.

For eg. assuming I receive USD 1000 from X today. I enter the same in the books at the prevailing exchange rate of Rs 64/$. Thus, I have a balance of Rs 64,000/-. Now, in future, if I have to pay USD 1000 to Y, and if the exchange rate that at that time is Rs 65/USD, there would be a balance of Rs. 1,000/- in my books. But, my bank account will have Nil balance.

Can any one tell me that Loading and unloading is direct/indirect expense?

I am doing proprietary business Can i draw amount for personal use from business more than net profit of business. pls guide e.g my net profit is Rs.100000/- & drawing is 200000/- pls guide

I want to fill my income tax return. my income from tution fees. so where I fill this in online prepare return.?? please suggest

sir bank charges of last year(2013-14)
not credited in cash book till the present year(2014-15) ..shall we need to adjust them in the present year..

plzz experts clarify this doubt.. can a loss making company show Goodwill in there balance sheet? if yes or no plzz specify thanks in advance