Under which head Advance Tax will be classified?
and if it is disclosed under loans and advances why should we do so?
give reasons for clasification..

can a firm claim depriciation on rented depriciable asset?
note: in branch accounting(independent branches), claim depriciation on assets whose accounts are maintained by head office.
kindly reply.

If by mistake wrong balance of bank is been entered in Balance sheet of last year, How can we resolve that mistake in current year?
For Eg. If Bank Statement shows 10000 overdraft balance and we showed 10000 positive balance by mistake in balance sheet.What will be the treatment?

Can any one suggest the accounting treatment of borewell and drilling expense in case of service rendering company?

Is this forming part of building cost or plant cost, both for the purpose of accounting and Income tax?

adjustment

1)The creditors outstanding for library books amounted to Rs. 30000 at the end of the financial year 2009–10.

solve adjustment.

thanks.

suppose i am managing limited company' book of accounts. if my company has sold the goods of rs. 1,00,000 and it has received rs. 75000/- by cheque.

so can we now take rest rs. 25000/- in cash from our sundry debtors yes or not as per income tax rule.

yes or not give me reason for it.

May anyone tell me that what is ifrs and how will be used in the company or others?????????

Dear Sir,


Is there any concept called "100% depreciation" in accounting.
Usually,an asset acquired has a lifetime less than one year is written off to p&l...that is, it is an 'expense'.

sir, please give the mode of Income tax depreciation calculation (rate)on the same.

I am working last 10 years in accouunt filed , in following organisations

KUMAR BUILDERS 3 YEAR

MRC LOGISTICS PVT LTD 2 YEAR

In kumar handel E & Y AUDIT up to finalisation.

In MRC Logistics MANAGE Account payable and receivable .

I am getting increment in MRC

but I am not satisfy.

Net earning 25000/- per month

Now I am looking for better propects what should I do

Please guide me .


regards

Yogesh Khare

Hi,

we have received interest on FD & Bank deduct the TDS on interest.

what entry will be made??

interest should be added to the total amount of FD

please reply soon