Sir I want to know if we are doing business in usa but account maintain in india. so in which currency we should maintain a/c, india or usa, if we maintain in usa then there will be currency fluctuation. please suggest me.

Dear Experts,
Plz how can i gate tally Negative Value In Rs of S Deters , S creditors & others of whole financial year & month.

Thanks advance

Sir / Madam,

While recognizing Non - Integral Foreign Operations, Fixed Assets are recognized at Closing Rate.

What effect should be given in Break-up of Fixed Assets?

Whether it should be added / deducted from Additions / Deductions amount to the extent of Forex Difference ????

We are the manufacturer of Fertilizers.
we had suffered a loss of finished goods due to flood. so we want to pass the entry for such loss in tally which will reduce our stock of finished goods. please tell me how I should pass the entry in tally and what ledger account, under which group it should be opened in tally

Sir, A person has business income of Rs. 222500 from private coaching. He recently filed Return for A.Y. 2013-14 on dated 11.08.2013. Now he wants to file revised return with change of Income of Rs. 436540 for above year. His C.A told him that he can't file revised return because of belated file return . But he is forcing his C.A to file revised Return . Can he do ?

If a company wants to do business of taking money to make members and organizing quiz for the members and pay them for the correct answers.

Along with this, the company pays the members commission for further making members and continue the membership tree?

Is doing this business valid and if it is what should be the objects mentioned in the MOA?

Please reply.

Dear all,
Under types of accounts, we take any Bank a/c under Personal a/c because bank is an artificial person.But if we categorize cash a/c under Real a/c, why we cannot take Our own bank a/c (where we kept our cash) as real a/c so that we can apply the rule of real a/c (Dr what comes in, Cr what goes off)?

Hi,
Can anyone please tell me what are the Accounting Standards and IFRS applicable to service providers like commission agents?

Thanks in advance

Can u please provide feeded finalcial staetement and trial balance

Sir,

my query is like this.

1) a director/promoter of a private limited company inputs cash into the company's bank account.
2)then a cheque is issued from the company bank account to a insurance company i.e. icici prudential.
3)icici prudential issues a health insurance policy in the director's/promoter's name.

1)to which account head should the director's cash input go to.
2)the bank account is credited, which account is debited

please resolve my query.

regards
vijay