HI,

I SOLD MY PRODUCT ON CIF BASIS. BUT BY 31st MARCH-13 IT WAS IN TRANSIT.

SO NOW I NEED TO SHOW THIS ITEM AS A STOCK-IN-TRANSIT.
1. AM I NEED TO VALUE THIS INVENTORY INCLUDING INSURANCE, FREIGHT AND CUSTOMS DUTY.
OR
2. AM I NEED TO SHOW INSURANCE, FREIGHT AND CUSTOMS DUTY AS A EXPENDITURE IN 2012-13 AND VALUE INVENTORY AT COST.

PLEASE CLARIFY THE SAME.

REGARDS
K.M.B

In the revised schedule vi what is the meaning of the capital and other commitments?

please explain

what do we mean by "Advance tax (net of provision for taxation)"


Please explain.
thanks in advance

can a pvt limited company accept a loan from its employee?
and upto what amounnt??
what are its provisions

I am passed in bcom my percentage is 54.44% can I apply for direct admission in IPCC

Dear Experts I, need expert opinion from the experts. We have paid amount towards web development charges.It attracts TDS or Not and under which head I have to account it. Tally.Net Renewal fee where to account and UPs Purchased it goes to Plant & machinery or computer. Please advise me accordingly. Thanks in Advance.

Hi all,

A company is started by borrowing loan. What are the journal entries for borrowing loan and then transferring it to capital account?

Loss as per P & L is 36000
loss as per TAX laws is 19000

What will be impact?
DTA or DTL?

How much?

Sir,
we have one query regarding Tally Reports.

If we have to take the report as invoice raised and collections made in instalements

Invoice Vs Collections with referance numbers in group accounts.

In case of a company , billing address is Delhi and shipping address is Faridabad.
How to account for it ? What about the C Forms ? How we can take the benefit of E 1 AND E2 ? Where to pass accounting entries and stock entries so that there should not be any problem.Please guide.