X Ltd purchased a Car on 30.9.2012 for Rs. 50 lacs which was financed through ICICI Bank so the payment was made by ICICI Bank directly to Vendor on behalf of X Ltd.
What should be the treatment in Cash Flow Statement for the year 2012-2013?

Is income (int from members & Int on deposit of reserve fund with PDCC bank ) of employees. co-op society taxable? IT dept has send notice u/s 133(6), stating that, in you have earned int of Rs 50000/- from PDCC Bank, what's to do.

Guide us for Accounting Treatment of Directors Capital

pls tell me about finlization entries & transfer of entries to next year with example.

Dear Sir,
Can i consider agreement as invoice & make entry in tally? as per instalment written in agreement.
e.g.
24,000 on signature of the agreement
entry would be
Professional fees A/c Dr 24,000
To Party accunt Cr 24,000

or i have to take invoice from the said party?

Thanks

HELLO SIRS,
ONE OF OUR CLINT HAVE PAID SOME CUSTOM CLEARING CHARGES BY CHEQUE LAST YEAR, BUT FORGET TO PASS THE JOURNAL ENTRY FOR EXPENSES.

AS A CONSEQUENCE, THE ACCOUNT OF CUSTOM AGENT IS SHOWING A CREDIT BALANCE. PLZ SUGGEST THAT HOW TO BRING CORRECT BALANCE TO HIS ACCOUNT.

HELLO SIRS
ONE OF OUR CLINT HAVE NOT PASSED THE SERVICE TAX INPUT TAX CREDIT ENTRIES IN LAST YEAR IN HIS BOOKS OF ACCOUNTS, BUT HAVE TAKEN THE INPUT TAX CREDIT ON THE BASIS OF INPUT BILLS.

NOW AS A CONSEQUENCE OUTPUT SERVICE TAX IS SHOWING A LARGE CREDIT BALANCE. HOW TO REDUCE SUCH BALANCE RELATED TO PAST YEAR.

If an assessee is doing the business of buying and selling vacant plots, will service tax provisions be applicable?

Please reply

how much limit for books of accounts to be maintain.

I AM HANDLING TWO CO. A/C PARTNERSHIP FIRM & PVT. LTD. CAN I PASS THE JOURNEL ENTRY FROM PARTNERSHIP FIRM TO PVT LTD. AS I HAVE RECEIVED THE PAYMENT IN PARTNERSHIP FIRM WHICH BILL WAS MADE IN PVT. LTD. . PL SUGGEST ME.