Dear Friends and Respected member(CACLUBIINDIA.com)


Please suggest me whether Impairment Loss is a timing Difference?.Please present convincing reason for your views.

Thanking you



Ajay Panchariya

Respected Sir,I want to know the process of factory accounts.
I have an interview in a food processing unit for the post of an accounts executive in factory. The co use tally software. the main roll is to maintains daily purchase,sale & stock.So please help me how those used by tally with example.
Pl help me it as soon as possible
Regards Supratim Ghosh.

Hi,
Recently I have started commission based selling of office automation products. Individuals come to me to sell my products to clients in exchange of commission. Now the bill and cheque are in my firm's name and I pay a set commission to the individual. How can I show in tax filing that I have paid x amount as commission? Should I make a voucher and take sign of the individual on it or there is another process, pls explain. If voucher is ok then what should be mentioned on the voucher, if u could provide a template it would be very helpful. Thank you.

Pls tell me that what is the difference between W.D.V and S.L.M method of depreciation and what will be preferred for dedution ?

Dear Experts,

When we make BRS at the end of year and found some entries while making the BRS.
Now suppose We have detected a Cheque which was issued by us but was dishonored by Bank due sign mismatch.
We have debited the party and credited the Bank , So my question is whether we have to reverse the entry as on 31-03 ? If another treatment then please suggest.

Dear Members

A dealer engaged in fruits trading wishes to know how to account for fibre crates which are used for delivering the products to customers and are taken back empty from them.


Should they be treated as stock in trade or written off to profit and loss?

They can't be taken as FA since it is routing purchase for the said vendor.

SIR,A PLANT AND MACHINERY W.D.V AS ON 31.03.2013 RS.20.00 LACS RE VALUED AT 30.00 LACS
PLEASE GUIDE ME HOW THE ENTRY OF RE VALUATION AS WELL AS DEPRECIATION WILL BE PASSED IN THE BOOKS?

A ltd has obligation to pay rs 1000000 AT 30.1.12 REGARD SALES TAX ASSESSMENT ORDER IN RESPECT OF YEAR 2008-2009.THE ACCOUNTANT OF A LTD HAS DEBITED WHOLE AMOUNT ON P&L A/C FOR THE YEAR ENDING 31 ST MARCH 2012 .WHAT IS THE PROVISION REGARD AS-5

Dear Ganeshbabuji if a furniture purchased on 01.04.2011 for Rs.5200/- so 1 year Depreciation value for year 2011-12 Rs.329/- balance asset value Rs.4871/- (5200-329). For the year 2012-13 depreciation Rs.329/- or Rs.4871/- please reply

Thanks Mr.Ganesh Babuji for your reply on my previous mail. please tell me whether any type of assets purchased below Rs.5,000/- what is the depreciation amount