Mr.X is the creditors in abc ltd with Rs 650000, now Mr x goes away and not want to recover it. what is the treatment for abc ltd to setoff its creditors.

what is correct treatment?

Dealer Ship Deposit Non Refundable is Grouped Under Sales account

Is it correct Accounting System.

How to make accountability in Accounting

Hi sir telephone bills and Professional Tax first paying By employee later cheque issued by MD to employee how can i pass the entry in journal and payment entry pls help me out.

I hv purchased a property in 2011 n taken a loan of Rs 24.5 lakhs for the same . My question is how much deduction for interest is allowed to me 1.5 lakhs or 2.5 lakhs because According to Union Budget 2013-14 , first time buyers of homes will get an additional deduction of Rs 1 lakh for home loans up to Rs 25 lakhs which will be over &above current Rs 1.5 lakhs deduction allowed for self occupied dwellings Plz clear my doubt Regards Prashant Singh

Working in PVT Ltd Company

I want to know whether Cash Received from Customer utilized for meeting day to day expenses is correct accounting practice.
Suggest for internal control system with link available

Dealer ship Deposit Non Refundable is grouped under sales is correct accounting practice.Please suggest where to be accounted.

What is the cash limit for expenses paid in cash.

in the reverse charge mechanism how entry will be passed.

please tell me in detail.

Thanking you,

hello, i am pursuing cs executive and want to join mba in finance from distance education. please suggest me whether i should join it or not.also tell me if there is any other course which would enhance my career.

hello Caclub family, there is a query my Dad, sole proprietor, purchased a bike for me in 2011 on my name and not brought in the books but now we want to bring in the books, Is this possible? and if, how I can do this?

whether applicabilty of notified sections of company law going to effect financial reporting

What entry should i pass for a purchase where the stock is received but the bill for the same has not been received.