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

what is the entry of accrued interest in final a/cs...?? is it appear in Balance sheet under assets side?

Respected Sir

As per Income Tax Rule 6DD, Cash payment can be made upto Rs.20000=00 for one transaction if cash pyt exceeds Rs.20000=00 then it will be disallowed.

Is the same rule is applicable to Statutory Body also.

Can you suggest any book to refer Accounts of Statutory Body?

Thanks

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If so, then please Share the link where I can get that update ..

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