https://www.caclubindia.com/experts/meaning-of-dspr-for-loan-461440.asp

thank you very much for givig me reply,
but i want favour of yours to be very frank i need your help sir,
i am a readymade garments retail merchant.
i have given bank a simple format of projected Trading,P&L & Balance sheet but they ask to do in this above format.
i want your big response and co-operation to send me a file with filling one year information in format in my email ID
vikas123shinde@gmail.com
rameshkumar_bhat123@rediffmail.com

my Projected data is
Trading & P&L
Opening Stock 412590/-
Purchase A/c 1001820/-
Labour exp. 1000/-
Freight Exp. 3549/-
Other D.Exp. 5000/-

Sales A/c 1314401/-
Closing Stock 495108/-

Gross Profit 385550/-

Indirect Exp. 149650/-

Net Profit 235900/-


Projected Balance Sheet

Capital A/c op. 680458/-
Add. Profit 235900/-
Less Withdrawl 150000/-
Net Capital A/c 466358/-


Current Liabilites
Creditors 130732/-
Outstanding Accounting Charges 5000/-

Fixed Assets

Furniture (without Depr) 38900/-
Moterbike (without Depr) 47890/-

Current Assets
Projected Investments 50000/-
Sundry Debtors 179803/-
Closing stock 495108/-

Cash & bank Balance
Cash 40389/-
Bank 50000/-


thanks a lot for you useful & special help

if you are not able to send me a file. so , you can give me reply here if possible.

i really need your help sir.

sir ,
while in traning, i hav got a case of partnership firm.
how to calculate interest on capital of a partner if he withdraws 6000 per month also he has paid LIC from his capital . there is no addition or any other transaction.

can anybody give clear picture on VAT on SERVICE TAX as follow:
one of our customer
AMC of firewel charges:10000
add:service tax@10.30%
i,e, 11030
again charge VAT under AP @4% on 11030

Is it correct procedure?
If yes than under which rule it is ok, or say 'wrong' which section will be attarch for this

ITs most urgent

PARTY DIRECT DEPOSIT CASH IN BANK UNDER CORE BANKING
I DO ENTRY
BANK A/C DR.
TO PARTY A/C

I AM RIGHT AS PER ACCOUNTING STANDARD BECAUSE I DONT HAVE PHYSICAL CASH

PLEASE SUGGEST ME I AM RIGHT AS PER ACCOUNTING STATNDARDS AND INCOME TAX ACT

Dear All,

Please provide me guideline notes for deciding related party as per AS – 18, which is required to disclosed in balance sheet.

Thanks.

Pls advise on following case:
Background of Case:
X Company Pvt Ltd has a gratuity trust with their 3 employees as Trustee. Trust is register with CIT.
X co directly pays premium to LIC towards gratuity as per Actuarial valuation from LIC and debit it to P&L account.
X co make provision for gratuity liability as per actuarial valuation received from LIC.
On leaving of employee the Trust get the gratuity amount (say 100) from LIC and pay (say Rs.98) to respective employee.
Queries:
Accounting treatment given by company is correct?
Premium paid by X company to LIC towards gratuity can be shown as fund with LIC in the books of Trust?
Whether Trust is required to file IT return?
Below computation of income is correct?
Amount received for the purpose of Trust :100
Less: Set part 15% 15
Balance 85
Applied for purpose of trust 98
Loss to be carried forward (7)

Respected sir,

For Learning closing stock valuation which book do you suggest for beginners.

And if any web link of CAClub KIndly mention.

Thanks in Advance.

Meaning of DSPR

bank is saying you have to maintain avg. 1.8 DSPR to take loan

what is DSPR Means ?

pls advice

How to round up the amount in sale voucher in Tally ERP? Because voucher amount is Rs.633297.60/- & I want to round up 60 paise from the said amount.
Please tell me in detail.

i am preparing a Balance sheet in which op.bal.of deffered tax liability is standing of rs 10 lakhs.in current year there is also deffered tax liability.can we show merged figure (that is sum of 2 yrs)in balance sheet.or opening balance of deff.tax.liability should be added back in Reserve& surplus and only current years Deffered tax liability to be shown in Balance sheet. pls reply soon.