I am going to make books of accounts of a elctrical contractor engage in making electrical panel and maintenance service Please advice me do i have to maintain stock/inventory, now there is many more electrical parts not maintainable

How TDS effects on cash flow statement

Why are we doing preliminary expenses writing off instead of whole amount debited of p&l A/c?

depreciation according to new schedule

we acquired plant & Machinery in 1995-96 for Rs.23,58,908, which we are still using currently in our business. The WDV of which as on 31.03.2014 is Rs 1,29,988.
According to Schedule II the life of Asset is 15 yrs. which is expired. It is given in the amendment dated 29.08.2014 by MCA that Residual Value may be recognized in profit and loss account or not.As my useful life of asset is complete, how do I account depreciation Now??

I want a reference book on IND AS for office use for applying AS in practical life.
Is there any book in the market which has information point wise or in Question answer form.
Not want to buy a book containing so much of long texts.

Please help!!!!

What is the Difference Between the CST & ET ?

Dear Expert,

Is it mandatory to pass provision entry for salary for each month or no need to pass in the books of account. Is it good to pass entry in the month of payment means next month only. Plz support your answer with AS or notification something.

Thanks in advance

Dear Expert,

Is it mandatory to pass provision entry for salary for each month or no need to pass in the books of account. Is it good to pass entry in the month of payment means next month only. Plz support your answer with AS or notification something.

Thanks in advance

when online agency book a customer for our company, they directly deduct relevant amt and remaining paid to the company...my question is, since they are showing disc recd in their books, can company also can shown in their books disc and not commission