if company open one bank A/c in the name of some person & company wants to transfer money from company bank a/c to afore said bank A/c and that person use this money for petty cash exps for company office exps. Is correct then what is accounting treatment?

Please reply soon.

please tell me the reason of not tallying the balance sheet other than those of difference in opening balance in TALLY SOFTWARE....

it is showing different amounts in total assets and total liability...

Hello

A company has paid advance salary to its employees. Should TDS be deducted on the same.

Further, is advance salary allowable expenditure in the year of payment for the company.

Regards,
Jyoti

Sir/Madam

Under what head the following has to be shown, Current Assets or Loans & Advances

1. TDS/Advance Tax

2. Retention Amount/With-held Amount

3. Deposits like Telephone Deposit, E.B. Deposit,etc

And also whether these items will be considered for calculating "Current Ratio"?

b/d c/d
debtor rs.132500 147500
(-)provsn rs.20,000 25000
debtor goes bad 70,000 .will the (a)open.&clos. balances r shown IN SCHEDULE SHOWING W.CAPITAL CHANGES,if yes (why). can we show only balance in figure amt. of DEBTOR A/C in CHANGES column of w.capital statement . plz tell me what will be the corret treatment of it while making fund flow statement.


if we take difference of opni.& closi balances debtor ,
what will be done for bad debt & provision made for d.d. of current year in PROFIT & LOSS ADJUSTMENT A/C?

What is tally ERP ?
It is used by whome ?
Can you give me brief discriptin.

Revenue and costs arising on account of a contract are to be recognised based on percentage completion method as per AS. But, is there any concept of "average profit" prevailing in AS 7 based on which we have to recognise profits from a contract on the basis of average profits from such contract . If yes, kindly explain with the help of an example, and if not, kindly explain on what basis profits will have to be recognised.

SIR I WOULD LIKE TO KNOW REGARDING AS-16 IS BORROWING COST APPLICABLE ON INVESTMENT?
IT MEANS IF I HAVE A BUILDING IN INVESTMENT SCHEDULE THAN CAN I APPLY AS-16? AND CAN I INCLUDE INTEREST ON LOAN AMOUNT IN THE INVESTMENT SCHEDULE?


pls sir reply as soon as possible

can somebody tel me how to add the over heads to per unit cost and arrived at the selling price.

i've arrived at per kg and want to add all the overheads to it like salaries, rent etc...........

Dear sir/s
what is the right entry of Insurance Premium of any Individual having Profit/income from Business/Profession ?
1) Do we take LI Prem to Capital A/c ? Can We reduced the account of Capital ?
Pls tell me which is right
(A) Capital A/c Dr.
Cash/Bank Cr.
(Nr. Payment of Insuarnce Premium)
(B) Insurance Premium (Assets) Dr.
Cash/Bank Cr.
(Nr. Payment of Insuarnce Premium)

Afterthen Pls tell me if Insurance Premium for ULIP Plan and we will be refundable the amount after the Maturity of Plan when we have to take those amount in Entry.

Most imp :- Pls tell me where we have to take the Premium Payment Amount & Refunded Amount Difference in Accounts on the above case.

Pls guide me in that matter
pls send me any file on my emil ID related to this Query
my Email ID is murtaza_bhagat786@rediffmail.com

Thanks for your advise in Advance