Can you please explain in 4 or 5 points about the role of an accountant in an organization in general?

do the revised schedule vi is relevant for may,2011 ca exams...???

do revised schedule is relevant for may,2011 pcc exams...???

I came across a Journal Entry :-

Interest Paid A/c Dr. 10000
(Grouped under Indirect Exps.)
To Mr. X A/c 10000
(Grouped under Unsecured Loan)

(Narration : 12% interest charged)

Please explain the above journal entry.



Regards,
Devendra

Dear Friends,

Should Medical/Life/Other Insurance be deducted from capital a/c or Should it be shown in P&L a/c in case of Proprietorship business? What are the tax implications?

Your Contribution will be appreciated.

Respected Sir,s

Iwant to Know that any employee not received any amount of childern education allowance from company. can he claim examption for childern education ?

I had done Bank reconciliation in that i find that some of the cheques which are not deposited by the parties ?

what to do for that
should i credit that amt?
or
delete the passed entries????

e.g
Mr. X a/c....Dr 10000
To Bank Cr 10000

this cheque is not cleared.. may be not deposited by party

should i delete it????

Dear Sir,

Due to problems in internet banking, can a company A pay it excise / TDS dues from other person(s) internet banking a/c (with permission ofcourse). How to take it in books of accounts.

Regards.

Would anyone Please explain me the following terms: Authorised capital and Subscribed capital, Preference shares.

In my case: the Authorised capital is 1,00,000/- and the equity share value is Rs. 10/-

and please help me out to fill the following:

(a) Authorised capital of the company ( in Rs.) - 1,00,000.00
Break up of Authorised capital:
Number of equity shares - 10,000
Total amount of equity shares (in Rs.)-? __________.
Nominal amount per equity share-? _________.
Number of preference shares-? ___________.
Total amount of preference shares (in Rs.)-? _____________.
Nominal amount per preference share-? __________.
(b) Subscribed capital of the company ( in Rs.)-? _________.
Break up of Subscribed capital:
Number of equity shares-? __________.
Total amount of equity shares (in Rs.)-? __________.
Nominal amount per equity share-? __________.
Number of preference shares-? __________.
Total amount of preference shares (in Rs.)-? ____________.
Nominal amount per preference share-? ___________.

Please let me know what should be the entry for bribe

how we can show the bribe amount in our books if all the transactions are in white