DEAR SIR
WHAT IS THE NATURE OF IMPREST ACCOUNT HOW IT IS TRANSATION PASS, EXACT MEANING & SHOW IN ACCOUNT


CA VIVEK SHARMA

SIDHI(M .P)

M.NO 09425179400

Dear All,

what is the entry for work inprograss. i want details explanation for the entry. if it the entry is passed where it should be affected Bal sheet and p&l ac

DEAR SIR,

I AM WORKING IN CONSTRUCTION OFFICE . I HAVE SITE AT OTHER PLACE. STATUTORY PAYMENT ARE ALL MADE FROM H.O. WHAT IS THE ENTRY I AHVE TO WRITE. UNDER WHICH HEAD I HAVE TAKE THESE MOBILISATION ADVANCE, LABOUR CESS VAT ETC...

DEAR SIR,

IF WE WITHDRAWAN CASH FROM BANK WHICH VOUCHER WE HAVE TO WRITE. BANK RECEIPT VOUCHER OR CASH RECEIVT VOUCHER AND IF WE DEPOSDIT THE CASH IN TO BANK WHICH VOUCHER WE HAVE TO WRITE CASH PAYMENT VOUCHER OR BANK PAYMENT VOUCHER. PLEASE GIVE THE ANSWERS.

Dear All,

Kindly clarify the below query.

For salary calculations number of working days is considered. For calculation of reimbursements like LTA, Medical Reimbursement is also based on number of days worked or it will be credited to employee salary fully.

SINCE WE ARE PROVIDING WAREHOUSING SERVICES AND IN THE FINANCIAL YEAR 2010-11 AN ADVANCE AMOUNT OF 17500 RECEIVED FROM OUR CLIENT WHICH WAS DIRECTLY BOOKED INTO THE WAREHOUSING INCOMES INSTEAD OF ADVANCE RECEIVED FROM PARTY FURTHER WHEN THE SERVICE COMPLETED THE FINAL AMOUNT DID NOT ADJUSTED WITH THE ADVANCE AMOUNT RECEIVED AND FULL PAYMENT AGAIN RECEIVED FROM THE CLIENT IN THE FINANCIAL YEAR 2010-2011 ITSELF. NOW IN THE FINANCIAL YEAR 2011-2012 IT IS COME TO OUR NOTICE AND THE EXCESS AMOUNT OF 17500 IS TO REFUND TO THE PARTY.
SO PLEASE CLARIFY THE ACCOUNTING TREATMENT AND ANY TAX IMPLICATIONS IF WE REFUND THE AMOUNT IN THIS YEAR AS OUR CORPORATION HAS PAID 33.33% TAX ON SUCH INCOME.

Is it necessary for the holding Company to consolidate the accounts of its subsidary Company in its balance sheet?

If yes, then please send me the format of consolidated balance sheet

Thanks in advance.

In the financial statement, the figures of gross profit are derived by deducting the Income from Sales and services minus the costs of services. When the cost of services is arrived at the increase/decrease stock intrade is shown. the increase in stock in trade is deducted from the cost of sales. The logic behind this may please be explained.

What is difference between depreciation as per income tax & depreciation as per Company Act.

Plz, advise for the following accounting entry...
If existing Shares call UNPAID and Co. declared BONUS Issue.so It will first Set off Against Unpaid calls and then as bonus form of dividend ..Then what will be entry in an Individual's Books of Account??
Thank you..
hv a nice day