I am facing a case where the Annual Accounts of a Company has been finalized, audited and filed with the respective authorities (like ROC, IT, etc).

After a few months, certain changes in the audited accounts were suggested pertaining to total omission of certain entries being recorded in the books of acocunts.

What will be consequences of the same.

Please help.

Thanks in advance.

I made d payment of TDS ON RENT for sep in oct and by mistake paid the same in november also, though I dnt have any liability in october. . nw what all are the measures available to me so that I can use the advance payment undr 194 I. . can I use the same agnst any other section? can I cary forward d same ? can I apply to AO for change in section from 194I to 194C and adjust accordingly, if yes then in what time... I paid d same on 06.11.13??

Hello sir,

Suppose if a company changed its method of charging depreciation from SLM to WDV at the last day of the financial year so we give its retrospective effect, then my Question is:-

[1] What is the effect of machine which is sold DURING the year.

[2] What Is the effect for machine which is sold EARLIER.

[3] Machine which is in existence at the end, how to present its profit / Loss in Statement of Profit And Loss ??

Is it an exceptional item or other. Please Explain.

Goods taken for personal use

Dear sir
we are service provide & we hv receive a contractor bill for the service, in which he is not registered under ESIC & EPF act . now we are deducting esic & epf of the contractor @6.75% & 25.61%. pls suggest what accounting entry to be passed inn the books

regards
rakesh sharma

Hey friends, What will we do in a situation in which opening stock does not appear in the trail balance. Ajustment informs us that opening stock is included in purchases. Please let me know the treatment in final accounts??

under which head suspence a/c should create? and how to pass entry in tally?

hello,
can anyone tell me in cariyng cost equation dived by 2 why ?

Hi...want to know the procedure for converting a sole proprietorship into partnership.Can the assets of sole proprietor be converted into assets of the partnership firm including land, buildings, stock in trade etcWhat the formalities, any rules and regulations, what are tax obligations etc.

1. Website Development Exp. Rs.85000

2. Mat Credit

3. Depreciation fund

4. Bank OD


where to be shown in PL and BS