Can we treat fixed deposit with bank as a current assets...... or we have to put it in non current assets.

Dear Experts

We had booked a Air Ticket and accounted as "Tours & Tavelling Expenses". but due to some reason we cancelled the said ticket and got the refund.

So please advise how it is accounted i.e. it is credited "Tours & Travelling Exp" or booked as an "Income"

Please also suggest which Accounting Standard is applied for this type of transactions.

Thanks
Bhoop Singh

Dear Experts,

How to put entry for Gift given when it has been given to the spouse. Under what head it will come for the giver

Dear
Sir,

I want to know hoe vat & cst retun are file & how to do working of it with basic steps by steps.

waiting for your prompt reply.

Hi
thanks for your reply but I want an excel file to calculate the amount of provision for gratuity to be made in final account if I have 500 or more employees.

Thank you
Md Zishan Ansari

I spend money on when i go for outstation audits which later is reimbursed by my boss.

what entry should i pass in my books when i spend the money.

Example :- company given advance to Mr.A Rs.50, Mr A Purchased a stationary of Rs. 40 and return Rs.10

Please tell me the entry very urgent

Sir,

If a company has not prepared Cost records earlier, is it mandatory to provide previous period's record as well ? ( CARR generally requires comparison with previous year also.)Also let me know, previous one year or two years ?

How to account interest accrued on fd of a trust?

TDS receivable on accrued interest can be shown in balance sheet and gross interest received can take in income and expenditure account....is this correct?

why is depreciation recorded in p and l account if it is used in production