HELLO FRIENDS,

Pls tell me about applicability of Revised Schedule VI.

Whether it is applicable for Trading Business..

I am doing job in BAJAJ SHOWROOM, trading in BAJAJ MOTORBIKE..

So pls tell me Revised Schedule VI is applicable to BAJAJ SHOWROOM..

Its urgent..

Thanks....

Have a nice Day...

Dear Experts !

I have accountant in a Pvt. Ltd. company.(Maharashtra)kindly five me reply of following que.regarding professional tax.

our company is start from Apr.2011.

1)we have deposit PT of our company employee for 1-Apr-11 To 31-Mar-12, in Nov-2012 through single challan. then can how can i fill e-return for Mar To Feb ?????

2)we have deposit our company PT for Rs.2500/- for Fy 2011.12... how will we return filling of that ???

Thanks in advance.

Regards,

Rajendra.

hi,,


Anyone can suggest me in the following situation:
Company purchased capital items for office use i.e. Computer, Printer & UPS/Battery.

Invoice 1:

Computer(2 qty.* 25000) 50000
Printer(2 qty.* 16000) 32000
UPS/battery(2 qty.*8000) 16000

In This case, Entire purchase has booked under head Fixed assets- Computer and depreciated charged @40% as per companies act
Invoice 2:

Printer(2 qty.* 16000) 32000
UPS/battery(2 qty.*8000) 16000

In This case, printer purchased has booked under head Fixed assets- Printer and depreciated charged @13.91% as per companies act
and UPS/battery under Fixed assets-Computer and dep. @40%

I need assistance on whether the company can do so...
or is there any contradiction exists with the Indian accounting Provisions.

Thanks

Badal kansal
9873471131
Email Id: badalkansal90@gmail.com

is accounting is science? including the management finance etc.

i want to ask if one invoice cotains expenses of two companies, one concern has debited whole amount, if we have to account in other concern its related expenses containing in that invoice...how should the entry be done?

Sir,
i have doubt on entry booking on imports and exports,

So please clarify,

1)on which date import purchases are to be booked in our books,
and which rate of exchange we have to use

2)on which date export purchases are to be booked in our books,and which rate of exchange we have to use to book entry in our books,

Please support your answer by giving some accounting-standard reference,or some circular on accounting import and exports

i am giving my opinion based of as9 risk rewards of ownerhip,
but he is expecting a circular like that for his reference,
for what date have to use for entry booking
what exchage rate have to take for that entry

Thanks for your time,,
awaiting for your reply

Hi ,

Whether company acquires certain fixed assets at free of cost , can be recorded in Books of accounts?? There is no consideration for this acquisition. Company is using the assets to get the economic benefits flow to the enterprise.

Hi All.
I have availed CC limit of Rs.100000/- I have utilised the whole amount. I want to know what and how is this presented in the balance sheet.?

Is it going to be presented as Loans and Liabilities or Negative Cash Bank Balance or it should be shown as Current Liabilities.

If only one effect of certain transactions (in terms of debit or credit) has been recorded in the books of accounts .. does it come under single entry system?

1.Loan taken from bank we have to pass journal entry or contra entry?
2.Loan taken from bank Rs.100000/-in that Rs.50000/- paid to bank for loan repayment how to pass the entry in tally ?