Dear Sir,
one is my client have consulting services starting from 1 jan 2013 and now he converted that company into Private limitted..and closed first co.
so sir what is accounting entry can i made
i mean i need to start new company from 1 jan 2014 ..and sir can i take previous co.
closing amount in this co. as a opening,

experts,
What is Capital Asset Pending Deployment?
How it is to be treated in Accounts & other laws such as IT.

please explain bank overdraft and cc limit in practical manner ?

what entry to be passed to set off the losses of previous years in books of accounts, details given hereunder-

Income less expenses in a year INR 1500000
(3500000-2000000)

Losses for preceeding 6 Years :- 12,00,000/-
Net Profit for the year after set. off losses :- 3,00,000/-

Please resolve this doubt..

what is statutory reserve as per sec.17 of the Banking Regulation act 1949???

what is money at call and short note???

Hi.. My client holds share and mutual fund and it is traded as short term investment. My query is whether the shares and mutual fund are to be revaluated to market price by passing profit or loss on revaluation entry. If yes.. is this entry to be reversed in the yrar begining to show the cost in the books ir it will be carried at market price itself.. Pls reply soon... Thanks in advance..

Dear Sir,

I am handling account which a function hall

Question
1.they reg. with luxury tax
2. if some one book the hall Pay advance 7000.00 How should i take that entry in which head of account of tally
3.when actual bill raise at the time of function including the luxury tax (to pay the tax ) How should i take that entry in which head of account of tally

They need the Receipt and payment format statement during year only

if an amount is given for electrical repairs, to which head head of account this should be taken.

please let me know,,in which account is sale of office drawers taken into account.
our company had some drawers in office,,so they sold them and got cash..