Sir.
We made trial balance as at 31st march than why we take opening stock into it.

Amount paid for investment in Company IPO but shares are not alloted till 31st March. Then in Books of account how to represent this amount ?

In our company we issue cheque for supplying medicine,but the cheque is not cleared still date (23/8/13),more than 7 month,how can i account that. shall i transfer to misc income

Company in the current financial year increased its authorized Share Capital and the expenses relating to it are Preliminary Expenses.
1.Whether it is Capital Expenditure or Revenue Expenditure? & why ?
2.What is the treatment of Preliminary in Revised Schedule VI and
3.What is the treatment prescribed in Accounting Standard 26.
4.What is the Treatment As per IT act (sec 35D).

Thanks in Advance

we have imported raw material from USA. while recording it in books of accounts, what should be date of purchase :-
1. date on Purchase Invoice or
2. date on which we received material at factory

dear all,
i am working an accountant in a firm and getting part time from others also, i want to open my own counsultancy. so any registration is required. i wnat to do it in rajasthan as a sole propriter.
thanks

Dear Sir,

I am swapnil. i want to know about cash flow & Fund flow in practical business and there importance

Dear Sir,
I am swapnil here. I want to know concept of Account payable & Account Receivable & the process of account payable & Account receivable

What is deffrance between Bank Cash Credit Limit & Bank Open Cash Credit Limit,
Can one company avail this both limit at time

If A buy the Bike in Fy 11-12 with borrowing bank loan but he was not liable to file to IT Return for the same year. But in FY 12-13 he is liable to file IT Return.

Buying Cost is Rs 50,000/- in FY 11-12. So which Opening balance I have to considered for Accounting for Return.

Shall I considered the Depreciation as per provision of IT for FY 11-12.

As per my knowledge if A buy the bike after Sep-11 then its depreciation will 50000*15%/2 i.e. 3750/-.

Kindly suggest whether it fine or not?