Hi,
I got a job offer, as an accountant in a company with good salary , they have already sent me the offer letter .
In their company they follows Tally ERP9.0 for maintaining books of accounts ,and i am so good in tally also,but the problem is their accounts for last 2 yrs is completely messed up ,a lady who was in charge of accounts has done utter non sense with tally, like she put direct expense in indirect expense ,and salary paid under indirect income like that so many mistakes ,so everything is wrong TB,P&L ,Balancesheet everything,

by considering this situation company offered me that to create a new company by taking few things only from the previous year like Receivable, Payable ,Cash Bank etc ...


But how it is possible ? please help me experts ,the company turn over is more than 5crore ...so you can guess the amount of creditors and debtors like that

Dear sir, pls tell me the meaning of Insurable spares with an Example & How it will valued in books of Accounts ??

In case of a company engaged in manufacturing of industrial gases, if the production activity is carried on in the first two month in the financial year 13-14 and after that the plant is closed and no sale & purchase and manufacturing has been taken place. does the depreciation has to be charged for full year or only for two month in which the plant was in operation?

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..