Anonymous
This Query has 1 replies

This Query has 1 replies

22 September 2010 at 21:14

iFRS

what r the dates for convergence to IFRS???


kiransingh
This Query has 2 replies

This Query has 2 replies

A car is sold in loss by a company.
loss claimed under companies Act.
Car Block is continue under income tax act.
how to treat it for calculation of deffered tax.
please explain it with the help of any example.


CA. Lokesh shetty
This Query has 2 replies

This Query has 2 replies

22 September 2010 at 11:42

Query on Inventory in tally 9

One of my friend is a computer dealer, he want to instal tally as his accouting package, (I am not much familiar with Tally 9) he is finding difficulty in maintaining stocks in tally, He want to know,
1) what is stock journal ?
2) How to make purchase order & sales order in tally 9?
3) How the entry should be passed during purchase of stocks & during sales in Tally 9?
Full details of how to manage Inventory in Tally 9

Please help!!


ravi
This Query has 3 replies

This Query has 3 replies

22 September 2010 at 10:09

Salary - can be negative

Dear All,

Please tell me, could we show negative salary in Trial balance. the company in which I am working, they have the corporate office in China for accounting work. in the trial balance they are showing negative balance under the head name *Offshore wages". is it possible.

thanks
Ravi Kant


Rajesh
This Query has 1 replies

This Query has 1 replies

22 September 2010 at 07:48

Journal Entry - withdrawal from SB A/c

Dear Experts,
A sole proprietor says that whenever he wants money in the business he will withdraw that much amount from SB a/c and will put into the business.
Since the business is carried in the status of sole proprietor while filing the return also the SB A/c is included in the Balance Sheet.
For instance the proprietor has to travel expenses, for that Rs.10000 is required means we have to pass the entry also in the SB A/c and in the books of the business. Please tell me whether the following journal entries are correct.
In his personal books:
Cash A/c Dr. 10000
To SB A/c 10000
(being the amount withdrawn for business purpose - travelling)

Investment - (business) A/c Dr. 10000
To cash A/c 10000
(being the amount put into the business)

In the books of the business:

Cash A/c Dr. 10000
To Current A/c 10000
(being the amount brought into the business to meet out the traveling exp.)

Bank (Current A/c) A/c Dr. 10000
To Cash A/c 10000
(being the amount deposited in the Current A/c) - This entry will come if all the exp. are incurred through bank only. Else directly exp. can be met thru cash itself.

Traveling Exp. A/c Dr. 9584
To Bank (Current A/c) A/c 9584
(being the exp. incurred as per the bill)

With regards,
Rajesh.


SAARIKA
This Query has 3 replies

This Query has 3 replies

21 September 2010 at 20:54

Someone Please Explain me Logic of DTA/DTL

Please someone explain me this DTA/DTL adjustment through journal entries , & whats the logic behind this


CA AYUSH WADHWA
This Query has 1 replies

This Query has 1 replies

21 September 2010 at 20:41

Regarding Finalisation of a company

I have recently finshed auditing a company now my boss has asked to finalise it and prepare the return so what are the finalisation entries that are required to be put in tally before arriving at taxable income of the company??



Anonymous
This Query has 2 replies

This Query has 2 replies

21 September 2010 at 17:54

sub contractor accounting


give the accounting treatment separatly.

a)Services rendered to Main contractor by sub contractor


b)Services provided by Main contractor to sub contractor

c) The normal account balance of sub contractor with main contractor debit or credit?



Anonymous
This Query has 1 replies

This Query has 1 replies

21 September 2010 at 17:33

Balance Sheet

I want to Know for Income tax purpose that if there is required to show house property & Investment otherthan eligible for deduction in b/s ?
i.e
1. if i purchase a house property would i show its purchase price of land & construciton cost in balance sheet in fixed assests ?
2. if i invested in K.V.P, bank F.D, Recurring Accounts, Sahara india Investments, daily investment or any other investments which are not eligible for deduction u/s 80C ?

exlpain if you have any it rules information
thanks in advance



Anonymous
This Query has 2 replies

This Query has 2 replies

21 September 2010 at 17:03

TDS Rate

Hi,

Is it right that TDS limit on contarct now 30,000 on a bill and 75,000 in finacial year.

TDS limit on rent is 1,80,000 from 1st July 2010

Thanks
Yogesh






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