32 A Pvt. Ltd. Co. purchased shares of 1 Euro each of a
foreign company.

Later on, it also gave loan to foreign Co.

As on 31/03/14, balance sheet of Pvt. Ltd. Co.
shown in its balance sheet shares of Foreign
company as its investment & loan under head
Loans

Query is

1 Whether the investment in shares of 1 Euro Each
has to be given effect for foreign exchange rates
fluctuations.

2 whether the loan given has to be given effect for foreign exchange rates
fluctuations.

3 if yes, what entry will be passed.

according to going concern concept a-assests r recorded at cost and r depreciated over their useful life b-assests r valued at their market value at d year end nd r recorded in d buks of account's c-assests r valued at their market value recorded in d buks nd depreciation is charged on d market value d- none of d above

Plz tell me if a private limited company not want to deduct or contribute for provident fund of more then 2 employees. Is there any way to show that employees drawing below 15000/- Can we show like employees working on Fix Based system???

Dear All,
If my salary is inclusive of bonus then what will be the journal entry for the same ?/

Also let me know whether the effect of such salary wil be under the head salary only in Balance Sheet or separate head wil be effected & if yes what wil be that separate head ??

what should be the treatment for if subsidy is already received by bank but not credited in company's A/C yet and interest for loan sanctioned is debited, deducting the subsidy amount from the entire loan.
please suggest entire treatment.

thanks.

Dear Sir,

our company dealing in TV item.

some goods come for repairing under warranty and after warranty.

due to some defect some goods come for replacement.

so , please guide how proper records with maintain inventory for this ??? and internal control over inventory

Dear Sir,

our company have head office in Ahmedabad. we have open 3 branch in mumbai, chennai, bangalore.

in branch ,we have appoint part time employee , who will be handle petty cash expenses, packing work of material, cheque deposit work, call to customer for increase sales and all other routine work.

is there any other compliance required under company law for branch office ??

or any record require to be maintain at branch ??? or not???

please guide ??

part time person is ok ?? or we recruit full time responsible person ???

DEAR SIR /MAM,

AGER COMPANY APNE EMPLOYEE KO 5000 ADVANCE DETE H OR USKE SALARY MILNE PER 2500 HE DEDUCT KER K USKE BAAKI SALARY DE DETI H TO USME USKE TALLY M ENTRIES KAISE HOGI

dEAR SIR.PLEASE PROVide the journal entries related to loan viz

1 for taking cc from bank.
2.when we make payment from this cc.
how it is shone in balance sheet at end of the requirement.

Sir

Please confirm the entry to be posted for 31.3.2014 for receipt of payment in 14-15

When we have booked sales entry in 13-14 we have posted as below

dr,Customer
cr.Professional fees
cr TDS 13-14

For TDS knock off we have posted a JE on 31.3 as below

Dr.TDS
Cr.Customer.

Whether this entry is correct