Dear Sir,

I Shaik Asif, working as a Assistant Manager Finance and Admin in International Beverage and Filling Industries, Sharjah, UAE.

Our company is producing Juices and Carbonated drinks and selling through 30 salesmen and also exporting to various companies. Our company marketing policy is if any customer orders 10 cases (24 juice 250 ml bottles) then one case will be given as free of cost(FOC) to that customer.

That FOC sale will be recording as Promotional and Marketing expenses in our records (only cost price of FOC).

Is the above accounting treatment correct. If not please provide me the correct treatment with reference to any Accounting standard or any Generally Accepted accounting principles.

Dear sir,

our Company is started Collecting Advances from Customers (Advertorial & Book sales). but the book is not yet started publishing, currently we are issuing Proforma Invoices for Advance Receipt. But Our clients is not Accepting the Proforma Invoices and demanding the Tax Invoice only in that Case Please suggest me the procedure for Recognizing the revenue or not by issuing the Tax invoice is it correct to issue tax Invoice Please give me the Detailed procedure Very very Urgent

what is rate of depreciation on computer software under companies act.

Sir tell me,i am doing some entry so is that right and wrong.

At the Time of Income Tax Provided in book
Profit And Loss A/c .....Dr (last year Loss)
To Provision for Income Tax (Current Liability)

Ans At the time of Payment TDS and self assessment tax balance transfer

Provision for Income Tax ......Dr 32
To TDS receivable 32

what is the difference between Interest accrued and due & Interest accrued but not due.Please explain with example and interest accrued and due falls under which head. Thanks in advance.

I had 6000 shares of Indiabulls realestate.
The company demerged into Indiabulls wholesale and issued 1 share for 8 shares held in Indiabulls realestate. (The record date was 25/04/2011 and the shares were listed on 16/08/2011)

My query is at what amount should I record the above shares received from resulting company?

sir,
i have purchased some material in my company from singapore based company for Euro XX.
now i have received a letter from City bank saying i need to pay them(factor discounting)...i have approached my banker IDBI bank but they are suggesting that bank can pay to the singapore based company from where we have purchased goods n not to the City bank....
plz advice what should be done n which bank should i approach..

thanks in advance

PVT COMPANY HAVING 2 DIRECTORS.ONE DIRECTOR GAVE JEWELRY WORTH 1 LAC TO HIS RELATIVE FROM THE ACCOUNT OF COMPANY.PLS SUGGEST ACCOUNTING EFFECT.

Our co provided car to his employees on following terms.

20% of Car value is paid by employee to company and company pay 100% to vendor and car purchased in name of company.

after five years car will transfer in name of employee and employee bear the transfer cost.

All running & etc exp will born by employee.

during 5years terms a installment will be deducted from employee salay as per following calculation.
Installment amount = Total car value - 45% of car value- 20% of employee contribution – divided by 60 months

Please let me know the proper entries which we book in our books.

anybody have draft balance sheet of catering business, i have urgent requirement of that so please send it me on my e mail id pragnesh1011@gmail.com