Dear Experts,

I want to ask what are the reversal entries in indian accounting pleas clarify with suitable example.


Regards
Pawan Kumar

Please Clear me this
whats the difference between capital expenditure and revenue expenditure





Altaf

what is new in the revised schedule iii which is different from revised schedule vi

hi. i want to know if there is any change in accounts for ipcc may 2015 ? if there is any plz let me know. thankyou

Dear All,

Good Afternoon !!

My query : Interest paid to Creditors for delayed payment or any Interest in respect to fulfill any export obligation will be debited where in Profit and Loss A/c ? Whether under Other Finance Cost or some other head ?

Kindly Help !!

Dear all expert.
i have small Query

suppose, in partners ship firm there are two partners each are working and having capital rs 500000/- in books of accounts

but on 31/3/2014 the books profit was 300000/- and 90% of 300000 is 270000/-
Taxable income is 30000/-
30.9*30000 is 9270/-

but my Query are, will this 270000/- partners remuneration be shown in profit and loss account as an indirect expenses.

or it can be directly debited from both the partners capital

plz check the above calculation as per me
whether it is correct or not.. and also let me know after TRF this 30000/- profit
to partners capital A/C how much partners
capital will be carry forward to next FY

IF 1 company is paying tds on behalf of other company then do we have to pass 2 entries?
1. jv for tds
2. payment entry

or only payment entry

sir I want know what are exactly the amendments in advanced accounting IPCC for may 2015. I'm not finding them clearly anywhere. please its very urgent.

Sir
can you please tell me how to prepare balance sheet as per schedule 3 & what is deference between schedule 3 revised schedule 6. and the format of schedule 3.

All Experts- Plz help
We want to sale machinery which we had imported from China. But problem is S.P of this machinery is less than cost i.e there is Short term loss. Sales value is not covered even depreciated value (Cost - Depreciation = WDV). So what accounting entries I have to pass when sales value of machinery not covered wdv