I have a doubt regarding Depreciation calcuation under Straight line basis..
Asset cost as on 1.4.12 - rs 5000
Accumalated Dep as on 1.4.12 - rs 4500
Rate of dep 16% SLM. What will be the dep for the year 12-13 under co's act??

Thank you

Dear Sir,

i have one query regarding write off bank balance,,, The Op.Balance is Rs.17985.81 in our company current a/c as per balance sheet but actually there is no balance in the current acount in the bank becuz the current account is already closed down in the last F.Year but still entry is not reversed so how to write off the same amount in the balnce sheet? pls. give me reply ASAP & oblige.

Thanks & Regards,

Gopal Sharma

dear sir,
I have a query about Discounted Cash inflow, which is the part of capital budgeting. My most agenda to ask this why we are calculate Discounted cash inflow. I am waiting for your replay. I really need this
thank you....
in advance

Dear Sir,

In Income Tax Act, stock is to be valued at cost price or market value whichever is less but in "Tally" stock is valued at average cost by default, so how can I value the closing stock in "Tally" as per the IT Act-1961.Please help me.



With Thanks & Regards
Ashutosh Kumar Jha
9534140352

Can Capital subsidy received from government, investment allowance reserve, and tuf shown under general reserve in the revised schedule vi?

Dear Friends,
In a business b/s, capital a/c is shown under the liablities head becoz of the concept that business and businessman are different, but while in some cases we have to make the b/s in case of individual, why capital a/c is shown under liablities head, its personal b/s, so its personal money, which it is shown under liablities.

Thanks & Regards,
Rajat Goyal

while making online e Tds i have wrongly selected Company deductees (0020) ins-ted of
non company deductee (0021). Kindly advice
corrective procedure.

how to rectify if there is discrepancy in cst amount charges and c form received.
we company has charges 118000
and we have received c form for Rs 89000 how to resolve thes...

We have a client who runs a resort. Until January 2012 it was a proprietor ship, however from Feb 2012 it has been converted into a private limited company. So, during last financial year end, it was a private limited company

The company's balance sheet(as filed with IT) is drafted in such a way that, all the transactions and fixed assets until Jan 2012 are shown under the balance sheet of the proprietor firm, and transactions of Feb and March are shown under Pvt Limited company. Is this the right approach ? Shouldn't this be consolidated into one single B/s last year itself ?

One more clarification we have is when we do accounting for FY 2012-2013, how do we take the opening balances. Is it only from the private limited company or from the proprietorship firm too ?

if assets (tipper purchase in loan of director and invoice in the name of company than what shold be possible solution in relatio to accounting ?