Pls help.. a part. Firm has minor added to benefits.. till last year it was in losses n accounted for losses in p&l reserve instead of debiting to partners a/c.. This year firm has profits.. what shall i do.? First shall i adjust the profit from pre. Yr losses or distribute it to minor. if minor'share is to be given priority then how the balance profit shall be treated.? cr to p&l reserve or partners accounts. thnq
please tell me whether purchased goodwill is added to the assets while calculating capital employed?
if the date of signing the balance sheet is 29.08.2014. what will be the due date or maximum time limit of filing the same to ROC??
SIR I HAVE QUERY OF RA BILL SALE ENTRY...
PLEASE TELL ME THE ENTRY SALE IN FOLLOWING RA BILL TRANSACTION..
1)WORK DONE :Rs 100
2)MATERIAL ADVANCE : Rs.100
3) TOTAL Rs.200
4)(LESS)i)SECURITY DEPOSIT 5%:Rs.5
ii)TDS : Rs.2
iii)wct : Rs.1
5)AMOUNT PAYABLE : RS.192..
PLEASE TELL ME ENTRY OF SALE IN THIS TRANSACTION..AND ALSO TELL WHOLE ENTRY OF THIS TRANSACTION..
THANKS
whether balance as per last balance sheet(i.e profit of previous year carried forward this year) to be added into retained profit of this year or not? if not then why?
is company can use different method or rate of depreciation for same plant & machinery
if the asset is not used since last 3 years what will be the treatment of depreciation as per companies act and income tax act.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Minors share in firm