Dear Sir,
One of our customer has opened Inland LC. Now we have to discount that LC in bank what is the procedure.whether we can give original invoice or proforma invoice. the material is yet to despatch.

Regards
Panduranga

Dear Experts,
Our company received Form 16A from voltas Ltd towards TDS on commission under Sec 194H
for F.Y 2010-11 but we did not receive the commission cheque so i had taken only TDS amount in books of accounts now my doubt is whether my treatment is correct or i have to take commission also into books of accounts if so plz help me with necessary journal entries
Thanks in advance

My Client a Private Ltd Company have Two Directors & Shareholder Like A & B.
They make a agreement with same company to sold their individual Land to public in installments & Pay to company.
My question is what is the best accounting treatment of above transcation.

Pls give the detail of form-32 why we are use this form?

Hallo everybody,

As per assesment order if the company is paid tax more than the provision than how to adjust the tax paid amount ?

Is it a prior period item ? if not what is the treatement ?

Dear Experts

Under which head(Ledger) we have to create Entry Tax Paid on Capital good

Cash paid towards travelling exp Rs 6000/- without any supporting bill is allowable.

Please clarify

how to deal with final accounts adjustments regarding bad debts

want to ask a query Question Of CB/S that came in may 2011.
my Consolidated P&L and minority interest is coming Rs. 73820 and 52680 respectively..
But in suggested naswers of intitute its 72880 and 53620 resp.
I am not able to find my fault.
Plz thake a look at it and tell me whether my ans is also right or not

can u plz sugest me a good reference book for costing

Someone please tell me how a CC account operates. What is the cc limit, what is the margin and what is the drawing power. Please also explain me the calculation with an example.