if we receive a bill of any expense of say 1 dec 2011 today for payment so how will we show entries in our books of accounts in TALLY as last FY 2011-2012 has already been closed. The main confusion lies in accounting for the same.

Hey, In IPCC 2nd Group, Advance Accounting, for Banking Companies Account, Which rate is applicable, In RTP for Nov'12 (Prescribed by ICAI), there are 2 rates given. i.e. Existing rates and Revised rates. For Exam purpose, which rate is applicable??

Thanks in Advance

Dear sir,

Can i show closing stock under construction period like sand in site , Brick, etc Available in site the same can i show in profit & loss a/c Before commercial operation ?

Please clarify

I am a newly qualified CA and has been appointed as a CA (Accounts dept head) of a company involved in manufacturing & money market business. I want suggestion to manage the accounts of the company and how should i began my work as a CA in the org. What should be the hirearchy of management and how work should be allocated. What reporting system should be there???

Dear Sir

What is the difference B/w P& L and Income & Expenditure A/c.My Client is running a Dhaba so what should i prepare for it Income and Expenditure or P & L Account as there is no opening and closing stock and purchase is just consumable purchases.

What do you mean by credit note or debit note and do we pass any accounting entry in tally?

What will be accounting entries from creating a provision to writing off bad debts. Pls explain with an example.

What is the amount beyond which tds needs to be deducted ? For e.g incase of rent what should be the amount I start deducting tds?

On 1 May 2008, Y Ltd issued 7% 40000 convertible Debentures of rs.100 each at a premium of 20%. Interest is payable on Sep 30 and March 31, every year. Assuming that the interest runs from the date of issue, the amount of interest expenditure debited to P & L A/c for the year ended 31 March 2009?

Hi, CAclubMembers

I Got a Accountant job in Construction Co, but i am new to Accounts of Construction Co, Please Help me in this Regard