DEAR SIR,


CAN YOU PLEASE SEND CASH FLOW STATEMENT (DIRECT&INDIRECT METHODS) NEW FORMAT AND fUNDS FLOW STATEMENT NEW FORMAT. I WANT SOME TEXT ON BOTH CASH & FUNDS fLOWS.

A company has outstanding loan of Rs.5crore of a private bank (hdfc bank) and have current account balance of Rs.3 crore. Whether company of 31.03.2011 can net off the loan with current account balance in the balance sheet. If not, what are the likey consequences if company insist to do that?

DEAR SIR,

CAN YOU SEND THE ENTRIES FOR RENT PROVISION , ELECTRICITY PROVISION AT THE END OF THE YEAR. EVERY ALSO NEED TO PASS J.V AGAISNT BILL PAYMENT. I NEED PROVISION ENTRY FOR LAST MONTH(i.e MARCH).
UNDER WHICH HEAD RENT PAYABLE & ELECTRICITY CHARGES PAYABLE WILL COME.

hwen rent is paid the following entry is passed.
rent ac.....dr
to cash
as per modern approach when expense increase it should be debited.But here actually expense is declining.why it is not credited

DEAR SIR,

I WANT J.V ENTRIES FOR SUBCONTRACT BILLS & CONTRACT BILLS .(WITH BILL RECEIPT, BILL PAYABLE AND ALL DECTIONS MOBILISATION ADVANCE, TDS , VAT, SERVICE TAX & RETENTION MONEY)

Sir i am new accountant in a company but after some time i realize my earlier accountant not maintain records properly now how can i solve this problem i discuss with CA & my company boss but they not interested and told me you take care all of this as you can. because CA is not appointed in our company we just contact for him at the time of return filing & Audits so this is not responsibility of him & company owner have not good knowledge of Accounts Please what can i do & what record is very important in pvt ltd company to show income tax & others like in labour law etc?

we have issued service tax invoices in F.Y. 2010-2011 of 6 lacs to our customer and filled our service tax return also. Now the customer intimate us that they have deducted Rs. 2 Lacs under those invoices. Now whether we can enter the debit notes on 31.03.2011 or in Current Financial Year. We can not file the Service Tax Return because Date of Service Tax Revised Return is 90 days. Please advise

PLEASE CLARIFY ME DIFFERENC AMONG ABOVE TOPICS

THANKS
SKAGRAWAL
BANKOFINDIA
SILIGURI

Our company developing prototypes of various new products with huge investments, what is the proper accounting treatment for prototypes, can these be capitalized or any other procedure is there as per Accounting Standards or Companies Act. Please clarify.

I want to know if there is any change in taken of Service Tax input credit w.e.f. 1st July-2011 (earlier it's taken on payment basis Payment made to party which include ST Input Credit i.e. payment basis

your early response more beneficial to me

Thanks & Regards,
Kantilal