HELLO SIR,

I WOULD LIKE TO DRAW YOUR ATTENTION ON MY QUERY AS I WAS GOING THROUGH CA CLUB INDIA AND FOUND A DISPLAY WORD ACCA(UK) THEN AFTER I BIT GOOGLED ABOUT THIS, BUT RESULT I FOUND MYSELF, ON CONFUSING STATE OF MIND.

SO, PLEASE YOU ALL EXPERT ARE REQUESTED PLEASE LET ME KNOW ABOUT THIS QUALIFICATION ITS WORLDWIDE ACCEPTANCE AND ITS FUTURE PROSPECTS AFTER COMPLETING IT IN INDIA AND ABROAD TOO.

WITH WARM REGARDS,
ZIA

1.) what is the meaning of BOLT contracts ??

2.) can goodwill already appearing in the balance sheet of holding & subsidiary company be ajusted against capital reserve aritsing on consolidation ??

3.) where to show minority interest in consolidate b/s??

Dear Experts,

A Co. pays towards consolidated bill raised by a consultant as under:

Professional charges 10000
Add: Conveyance chg 3000
total: 13000
Payment is made after 10% tds u/s 194J.

Company passes the Journal entry as:

Prof chrg dr... 10000
Convey. dr... 3000
To bank 11700
To tds payable 1300
Is the journal correct?

Thnx in advance

difference between accounts payable and bills payable

what is meant by contingent liability and contingent asset

what do you mean by deferred revenue expenditure

Dear all Experts,

We are belong to logistics industry.

Please advice on the dtaa between India & taiwan

if their is any dtaa between the two countires please send the notification copy to me.

also please send the any articles available to satisfy the customers that their is no dtaa agreement between bothe coutnries.

Dear Friends

I had one doubt in tally accounts please clarify
our Organisation had Bank Term Loan in UBI Bank
They relese Loan Directly in Loan account (I.e generally Frist they must release loan amount to our current account next we may pay to parties from current account)so they paid to our parties directly from Loan account
so how can i made an entry in tally accounts to reflect that transaction in Receipt and payments accounts in tally

If i made a journal as Party AC Dr
To Term Loan Account
then above entry not reflected in Receipt and Payments accoun

Please Please Clarify

Following is the situation.

There is a bank account with balance Rs.60,000. And this amount is deposited towards expected Medical expenses for the year.

We need to create a reserve for this Medical expenses and reduce the reserve as and when the expense is met. All the expenses will be made through cheque so the bank also have to refelect the current outstanding.

Only expended amount has to reflected in P&L.

What are the ledgers that needs to be created?
What is the accounting entry for creating a provisions?
What is the journal entry for actual expenses?

Can anyone explain with examples?

Thanks in advance.

Please elaborate E-1 transactions/sales.