Dear All,


Kindly suggest me , Partner salary is not mentioned in deed. Only share percentage is mentioned.

Shall i provide salary to partner with the mutual consent of the rest of the partners.

and also help me to provide profit sharing calculation of Rs.10Lac,
Partner 1, 2 and 3 - 40% , 40% and 20% respectively.

thank you...

Sir , I am having 2 queries

1) What are the schedules for profit and loss account and Balance sheet ?

2) profit and loss account of the company should be as per the Income tax act or as per the company act 1956 at the end of the year?.

Thanks in advance .

dear expert is it possible to take transfer after completion of 1 month article kindly let me know as in my firm there is no work. all article staffs including me are just relaxing everyday i have joined this firm few days ago .

dear sir i sent articleship re registration form as on 22-10-2013 but till date i dont get my registration letter and student id card. but i m registered in members record on icai website i sent emails to icai but got no response plz help

at the time of filling tds return for Q1 of f.y.2013-14 i hv wrongly taken challan and deductee details Q4 of. f.y. 2012-13 and after that i come to know there is no tds in Q1 in f.y 2013-14. i hv visit IT office bt they are nt given reaspose.what can i do ? there is any option for cancellation of return.

Is Goodwill on Consolidation of Foreign Subsidiary (AS 21 Goodwill) changes from period to period without Acquisition?

i mean due to Currency Fluctuation.

Hello Professional Friends,

One of my client has paid an amount of Rs.75,000 to a Vendor as advance towards purchase of computers. But before the delivery date the vendor discontinued the business and is not traceable right now.

How to treat this loss of Rs 75000 ?? Please suggest appropriate accounts head.

Hi.

Acid Test ratio - 2.5 times
Current ratio - 1.5 times
Share holders fund- 15 Lakh
Net Working capital- 10Lakh
Stock/ Inventory -?
Bank OD -?
Fixed Asset -?
Properitory Fund- 0.75(F.Asset/Sh.holder fund)
Reserves - 1.25 Lakh
Long term liability - 1.25 Lakh
Debenture - 10Lakh

Sir, what is an accounting entry for PT deduction from salary in export company and its comes under which head ie under duties & taxes or treat as an expenses in p&L a/c?

hello Sir/Mam, My brother is in Ipcc, appearing for both groups in may 14, pls suggest best self study books for Accounting & Adv Accounting, law , Audit. Presently he is refering Padhuka's Publication, Author- G sekar & B saravana prasath for Accounts and Adv. Accounting but he is finding difficult to understand some chapters like Amalgamation, Partnership, hire purchase, branch accounting. He has not taken any class, Can you please suggest me any other book(s) which is easy to understand and concept clearing as time remaining is very less.also want to know best and easy book for accounting standard other than D.S.Rawat....Thankyou.