Sir/Madam,

1. What is Non-integrated Accounting...???

2. What are the Principal Ledgers and Control A/Cs under this system...???

3. Why there's need for Control A/Cs...???

Thanks.

Dear Professionals,

we have received a payment after deduction of TDS from one of our customer in current financial year. But the payment pertaining f.y 08-09.

So my query is what will be the accounting treatment of TDS in books of accounts in case we have not keep provision for TDS Receivable.

The above income already booked in f.y 08-09

dear expert,
what entry for this condition
head office ki 2 branch hai a and b
a ke debtor ne b brach main cheque jama kar diya so what is the entry pass in a brach and b branch or head office par kya farak padega

please suggest tds entry in tally and accurd interest in tally for three year with reason

Dear Experts,
Can we treat creditors arising out of purchase of capital asset (i.e. Fixed Assets) as monetary item?

Please any one explain me the concept of monetary items and non-monetary items? I tried to understand but unable to have a grip on it.

Thanks for everyone who helped me...
With regards,
Rajesh.

Dear Experts,
For Ex. Sale date on 1st Feb. 1000 $ at 40 per $.
Credit period 3 months.
On balancesheet date 31st March per $ =Rs.42
On 30th April when 1000 $ are received one $ = Rs.40.5
We have to credit Rs.2 per dollar totally Rs.2000 to foreign exchange difference a/c then the foreign exchange difference a/c will be transferred to P&L a/c.

Now my doubt is even though i have transferred to p&l a/c Rs.2000 my actual profit on the forex is Rs.500 only. What to do this notional profit of Rs.1500, why i have to pay tax for this Rs.5000?
Another doubt is again on 1st April should i have to reverse the profit of Rs.2000?
Please explain me...
With regards,
Rajesh.

Dear Sir,

I have a query. Suppose a company is taking over the business of another company w.e.f.1.4.09. The High Court Order is passed on 30.6.10.

1. What value of assets and liabilites will be considered, as on 1.4.2009 or as on 30.6.10?

2.VAT no. of old company will get cancelled only on 30.6.10. Sales from 1.4.09 to 30.6.10 will be considered as for old company. How to reconcile this situation?

Dear Expert,
I've heard about L.Muralidharan for SFM, CA final- is it worth buying?
Has anyone used it or read reviews about this book??

thanks

While calculating the deferred tax liability as at 31/3/2010, in case of a company having turnover exceeding one crore, whether surcharge should be levied at 10% (P.Y. 09-10) or 7.5% (P.Y. 10-11) as the reversal of the same would be in 2010-11?

Dear sir/ Madam

I have received the bill of Rs/- 19000 and i deducted the TDS for that amount & paid to govt, The vendor again submit the revised the bill for Rs/- 18000

please suggest me what is the entry for this transaction b coz i have paid the tds

Regards
Mrityunjay