our company is newly setup a news channel my query is our employe (news reporter and camea man) Travel the outstation for the purposes of collecting the news and they sent various expenses like petrol, , hotel telephone expense and some time they hire the vehicle also and we are taking all expense under the travelling expense is this correct?

Hi,
I am working in a manufacturing unit as an accountant. The owner has three companies, A B and C. Company A has given loan to company C. I wanted to know whether the entry in the books of A will be showed as unsecured loan to C? and in the books of C will be loans and advances?

Thank You

The ITR 4s sugam that 8 % of business. Is this applicable for anyone? or Is it has any more requirement to file this itr?

how to fix photo on ky profike plz tell

SIR,
A MANUFACTURING UNIT IS RUNNING FOR THE LAST SEVERAL YEARS.IT HAS INSTALLED A NEW PLANT AND MACHINERY IN THE SAME PREMISES.
THE PLANT AND MACHINERY IS ON LOAN FROM BANK.
INTEREST CHARGED BY THE BANK FROM THE DATE OF FINANCE TILL THE DATE OF PRODUCTION IS RS. 3.00 LAC
SIR, WHETHER THE AMOUNT OF INTEREST WILL BE CAPITALISED OR WILL BE DEBITED TO PROFIT AND LOSS ACCOUNT
SIR, PLEASE GUIDE ME

Can anyone let me know what are potential equity shares? What does that includes?

my sir told that in trial balance if trade expense is given than it.will appear in PNL account but. in trial balance trade exp n other exp like miscellaneous n all r given than it will appear in trading account can u explain y is.it so

Dear Experts,
I would like to know the accounting treatment of the following transaction :

I have a Creditor i.e, Mr.A which he owe Rs 25,000..I have an debtor Mr.B also which i owe Rs 25,000. I have told Mr B to transfer the money in the account of Mr A..

I would like to know the accounting treatment in my books..??

Pls suggest !!!

My chairman purchased a high end laptop for cash in hongkong. It is now in india office for office use. How can we capitalize it in company books

Initially Entry for Interest on FD should be Like this :


1) FD A/c Dr. Rs.50
To INTEREST A/c Rs.50

2)BANK A/c Dr.45
TDS A/c Dr.5
To FD A/c Rs.50

However i have passed the entry like this :

BANK A/c Dr.45
TO INTEREST A/c Rs.45


So now how should i rectify this entry?