forgotten to pass commission receiveable entry in books of account during closing of FY 2014-15 , commisson received in bank account too in the month of april 2015  and it return has also filed. Now while prepareing for IT return for FY 2015-16 it came to notice 

how to deal with it in books of account??

pls reply it's urgent

Thanks in advance

For non adjusting events . where should we disclose .is it in notes to accounts or board report

Respected Experts,
Could any one tell me the treatment of the following in accounts:
1) If a company Deducted TDS on Director remuneration to directors, Where it is to be shown in books of company & what is the name of the ledger .
Further Company has its own tds deducted by others which is shown in current assets.Can we merge these two ledgers to derive the net tds.

2.) How to project cash requirement of the company for next year. We always have cash crunch in books. What is the best technique to projects the cash requirement in case of transportation company.


Thanks in advance

Fixed Assets purchase entry should be done through Journal Voucher. can it be possible through Purchase voucher? There is any law, rule or standard in this regard. Plz reply fast.

My account is in PNB bank and the type of account is Current account. I want to do the money transfer to other account as I have my shop. I want to know the monthly as well as the yearly limit for transaction and if the limit crossed then how to pay taxes .

Hi Experts

Electricity Provision was made amounting to Rs. 35000/- as on 31.03.2015 in the books of PARTNERSHIP FIRm

Actually bill was received for Rs. 26000/-

Now excess provision is reversed for Rs. 9000/- by crediting P& L account

But our CA is in the opinion that it should be treated as Misc. Income.

Please explain.

What is the Journal entry for Business expenses paid from Personal Cash ?

kindly explain to me example with period

I (A Company) have received some amount as security money Rs. 10 lakhs against fixed assets issue to an agency.
agency after some time close his business and did not return my fixed assets. How will i treat this amount of Rs. 10 lakhs in my books of accounts.

I will be thank full if anybody reply soon.

Hello everyone, I had a query to be resolved. Can anyone help me knowing details on the IFRS diploma course by ACCA such as process for registering online, pre requisite set of documents required, due date for December exams. Also, I request you to answer in detail so that no cross questions need to be asked. Thanks in advance !!