Dear Experts,

Small query for u all.

Mr. A is an active partner of FIRM. Firm is reimburing his mobile bill fully on producing the bill. Connection is in the name of Mr. "A" and utilizing wholly for official purposes only.

How to deal the entry in books? under which head it should be shown? what extent?

What records we should kept as a supporting bills?

Thanks in advance!

what is the purpose of using Form 9B Tell me in detail

Hi.

a sole proprietor concern is converted into a private limited co. with an authorised capital of Rs.5 lakh. And the proprietor's capital balance on the date of conversion was Rs. 2.5 crore.

There were also personal assets of proprietor reflecting in the balance sheet which were not transferred to the newly formed company.

I am confused as to what effect is to be given to proprietor's capital balance.

Kindly guide.

mineral water being purchased on credit..what will be journal entry?

Non-Applicability of Ind ASs for November, 2013 Examination related to ipcc
The MCA has hosted on its website 35 converged Indian Accounting Standards (Ind AS) without announcing the applicability date. These are the standards which are being converged by eliminating the differences of the Indian Accounting Standards vis-à-vis IFRS.
(Students may note that Ind ASs are not applicable in November, 2013 Examination. However, Accounting Standards as specified in the syllabus are applicable for them in November, 2013 examination.)

so provide the correct meaning of it in simple languages and if there is any change in please provide the changes in Accounting Standards in detail ih the form of attachments as early as possible as i had a content available of nov 2012 the previous attempt that i had given and the recent may 2013 attempt is being dropped by me
thankig you

I have taken PCFC from Bank and bank have charged Interest/debited interest from my current account. What is the treatment of interest in books of accounts

Pls reply

im working in a food industry, we send raw material ( haldi & red chilly ) for grinding & receive job work bill.. kindly tell me is there any tax limit agst job work done in a financial year??? & type & rate of tax applicable ???

sir what exactly is the difference between unpaid and payable?

Hi,
Can you please let me know what does finance cost comprise of as per revised schedule VI?
Does interest on Late payment of Tax ( TDS, IT etc) come under the head finace cost? Please reply as soon as possible.

Dear Sir

I work in real estate company. We have given a civil contract to a Contractor with material and labour RS 50 Lacs. Some reason contractor
has not proper no of labour. he arranged the labours on behalf of him and also 5 LAcs paid the lobour bill on behalf of him of Rs Lacs with dedutct TDS and WCT. Please solve the problem we will deduct the TDS and WCT on which amt 50 Lacs or 45 Lacs.

Deepak
9015739038