Pls Some one answer me. In chennai a mnc Bank for its back office interview, HR asks specifically, " do you have experience in GL process?" I got experience in writing total accounts in tally erp9 based on bills upto finalization. Is the nature of gl process work differs from my experience? Is general ledger means the ledgers appear in Profit and loss a/c like expenses?

Applicability of AS - 7 On architects?

Dear sir , i am working in automobile show room . there is transit period of 7 to 10 days for delivering the goods from Gurgaon to Hyderabad with invoices . which should i take invoice date or receiving date for posting the purchase bill as per accounting standard.

dear experts can any one send me the online Tds payment screen shots or procedure pdf /ppt file Thank you

what should be the journal entry for a blank stamp paper purchased for rs 1000 ?

Dear Sir

The new EPF rule (EPF Limit increased to Rs. 15000 from Rs. 6500 wef 01.09.2014.Our firm have some employees drawn salary as Rs.10,000/- and some of them More than 15,000/-per month. In my doubt is how to calculate the gross salary of Rs.10,000/- drawn employees PF? Is it calculate as Rs.15000/-
Please reply any one.

Gives you an advance Thanks for your reply

how can i expand TDS related knowledge.
PLEASE SUGGEST ME ANY B00K OR ANY SITE.

raghuvanshi.jitu@yahoo.com

thanks
jitendra Raghuvnshi

We have purchased a business on going concern basis from our associate company under slump sale. it includes take over of all the assets and liabilities related to that particular business for lump sum price agreed.

being slump sale, for assigning values to individual assets and liability, we got fair valuation from independent valuer. we assigned value to individual assets and liability as per valuation report.

the consideration which we paid for slump sale is lower than the fair value of assets and liabilities taken over. the difference we treated in out books as capital reserve.

can anybody help me to confirm whether treatment given by us is right or wrong?

We have purchase a business on going concern basis from our associate company under slump sale. it includes take over of all the assets and liabilities related to that particular business for lump sum price agreed.

being slump sale, for assigning values to individual assets and liability, we got fair valuation from independent valuer. we assigned value to individual assets and liability as per valuation report.

the consideration which we paid for slump sale is lower than the fair value of assets and liabilities taken over. the difference we treated in out books as capital reserve.

can anybody help me to confirm whether treatment given by us is right or wrong?

please anyone can provide me accounting treatment and final audit format of chit fund company
please reply