while preparing annual accounts 2012-2013 it has been noticed that pension paid during the previous year 2011-2012 amounted to one crore is omitted to include in that year. How can i treat the omitted expense in current year.

My proprietorship firm converted to private limited company on 27/04/2013 mentioned in MOA that all assets & liabilities taken over by private limited company and agreement is also made mentioned that books of account will be maintained from 01/04/2013 onwards

My question is
Does we need to maintained both accounts i.e 01/04/2013 to 26/04/2013 of proprietorship and 27/04/2013 31/03/2014 of private limited company ?

Please clarify

Thanks & Regards
Mr.Lingam

Dear members,

The Company has gone for appeal for the assessment year 2010-11 however, the Company has not yet received the final order but still in this year has created a provision in the current year for the Additional demand raised by the department so whether the provision can be made eventhough the final order is not received for the tribunal?

what is out of memory in tally
i can't take print the message is showing
how to resolve it inform me
gopalparvatikar@rediffmail.com

itwill not going to print sir if u inform me iwll make to show online for confirmtion

The following adjustment to be made. Could u guide me what are the journal entries to be passed

1. Salaries : 5 clerks @ 2500 basic salary, 2@ sales commission on sales, 1000 hra 2 sales @2000 basic salary
2. depreciaton to be charged at 20@ p.a. for six months
3. Provision for bad debtors -5000

Dear All,

Can any body tell me that if we have repaired our fursh of Plant of about Rs.1000000 then will it be capitalised in plant and machinery or not.

We haven't writeoff our plant cost for its damaged fursh.

Why there is differece in rate of Depreciation as per Company act and Income tax Act

Thax & Regds
Santosh

Suppose i have received a cheque and deposited in Bank on 30th march and cheque cleared on 2nd april. But TDS credit appears on 28th march itself.

Should i show such amount as income or just receivable?

Give answer with illustration
"Proprietor used a rented building both for business purpose and as well as residence equally. The rent paid during the year for the building was Rs.1,32,000 debited to rent expenses A/c in the books of business. One month rent is still outstanding. Liability of the business for rent outstanding"

I want to all LC entry