hello sir,

My name is laxman from jaipur. I want to ask thak can a private limited company's directors do drawings?

and what is the limit for drawings for one yerar?

Q The profit for 2003-04 are Rs4000,for 2004-05 is Rs 52,200 and for 2005-06 is Rs62,400. Closing stock for 2004-05 and 2005-06 include the defective item of Rs 4,400 and Rs 12,400 respectively which are considered having market value nil The value of goodwill on average profit method is

a 47400 b. 35400 c.27400 d.34600

Is it necessary to book Exchange gain as per closing rate of usd on 31.03.12?

We booked Advance sale on Mr.X for $10000 @ Rs.47/-.Payment will be received in next FY after March. Suppose usd rate as on 31.03.12 will be Rs.50/-.

It is happening a notional gain of 3/- per usd. Is it necessary to book the exchange gain as per Accounting statndard?

i am proprieter of individul firm and have some unseured laons where shell i laible to pay intrest on the loan amount what is the treatment of that intrest amount in my book of account

/ A second hand motor was purchased on credit from B brother for Rs 10,000

A} journal proper C}sales book

B}cashbook D}purchase book

i have passed the following entry

cwip A/c Dr.
To party
To tds

Later on i came to know that was wrong entry now i want to correct it but i have paid tds. Now will be the reversal entry for cwip

Can you please guide

in a question under debtors method it has been asked to pass journal entries..however in the suggested sollutions there is no entry for opening bal i.e branch ac dr. to opening stock .. why is it so ?

1.on diwali gifts given to employee & most near businees client relation, what is the proper account heads to charged?
2.what is the diff bet reapir & maintenace a/c with computer exp a/c .is one & saame?

DEAR ALL

PLS TELL ME ENTRY OF INCOME TAX

WE A PVT LTD COMPANY

THE TAX OF LAST YEAR PAID BY US ,PLS TELL ME ACCOUNTING TREATMENT FOR THAT ,WHICH A/C HEAD I DEBIT AND WHICH A/C I CREDIT THAT

THANKS

DEAR ALL

PLS HELP ME

I WANT TO KNOW ABOUT TDS

1) TDS RATE CHARTS
2) ENTRY FOR TDS
3) AND THEN PROCEDURE FOR PAY TDS
4) WHICH FORM WE GIVE TO PARTY AGAINST TDS AND WHERE WE COLLECT THAT CERTIFICATE ?

MY ID priyankbhatt85@gmail.com

THANKS