M/s XYZ Pvt. Ltd. receives the purchase bill dated 21.08.10 but the purchase entry is passed on 31.10.10. The accountant explains that they record the bill once the payment is made. Is this method correct? If not, then what is he correct method? Please explain.


Thank You,
Regards,
Devendra Kulkarni

HOW TO KNOW IN THE QUESTION THAT IS THERE A SURPLUS OR DEFICIENY WHEN THERE IS CHANGE IN METHOD OF DEPRECIATION.

PLEASE HELP.

We Purchase number of printer and same printer we delivery to customers on mps basis only we not rise sales bill against the printer now in my tally i have to take printer as in purchase or asset entry pls. let me know the answer.

Dear Sir,
How to mail the tally data please provide the step as well as examples.

One PSU has transferred some assets/money to another PSU under corporate social responsibility whether assets/money received by another PSU will be covered under AS-12 Govt Grant and what will be the accounting entries of assets/money in the books of the receipent PSU.

Thanks

treatment for business creditor directly paid by proprietor not brought into books

can some1 plz refer me sites for ca final nov 11 attempt on the topics of developments in financial reporting, valuation.....as i m doing self study!!!!!!!!!!!!!!!!

how can i prepare bank reconcilation in a better way

We are getting Raw materials from X company and will send to Y company for job work.
Finally will get finished products from Y company.
Is there any TDS deduction to be deducted on job work, if it is what is the percentage & the minimum value of the Principle amount?

These transaction is happening last 6 months and so far we have got 4 consignment from Y company.
Finally, is any other transaction are there to avoid to pay or change the JV ?

Respected Sir,

Our's is private ltd. co.
we have paid dec 2010 salary on 7th jan so when is quarterly tds return to be filed on 15th jan date or 15th may due date
sir we have filled tds challan before 7th feb 2011 & 15th jan due date has already gone so we have to file it now as late return or on 15th may 2011 due date
please provide me guidance