Dear sir
we are a proprietor firm.we have fixed deposits in name of proprietor & firm.

My query is that whether we have to show in balance sheet those fixed deposits which are in name of firm or we can also show proprietor fixed deposits also in balance sheet.

I am doing part time account works. One of my client is working as a video recorder. He has received a contract from a foreign client for recording 100 hrs of religious programs. He received the payment in British Pounds. Please guide me about the tax procedure,registration or any other type of legal formalities that needed to comply with in this matter.

What is a letter of credit? What is the purpose of Letter of credit in bussiness?

WHAT WILL BE THE ENTRY OF SAMPLE GOODS RECEIVED? KINDLY NOTE THAT I HAVE TO ISSUE WAY BILL FOR THE SAID GOODS.

Fixed rental car hire charges are covered under 194C or 194I ?

Our company paid car hire charges to the party in each and every month but the hire charges are not same in every month so in that case whether TDS should be deducted U/S 194 C OR 194I.

PLEASE TELL ME IF A COMPANY GIVES IMPREST TO ANY DIRECTOR OR CEO FOR VARIOUS EXPENSES FOR EXAMPLE GIFTS PURCHASED FOR BUSINESS PROMOTION,OR ANY OTHER SIMILAR EXPENSES INCURRED THEN:
SHOULD THE BILL BE IN THE NAME OF DIRECTOR OR COMPANY.
I THINK IN THE NAME OF COMPANY.
IF THEY ARE IN THE NAME OF DIRECTORS DUE TO IMPREST THEN WHAT CAN BE DONE TO ALLOW THEM.

Hi,

Can somebody explain the deferral of overhead in the case of Under/Over absorption with illustrations?

Also with some accounting journals.


Thanks & Kind Regards,

Ramachandran K

I have a one case that ( In case of Company)- i have to reduce my liabilites of the current year ,how can i reduce my liability in respect of creditors as well as i dont have any cash balances in my books of accounts -How can I reduce my creditor as well as my liabilities without cash balances . My debtors include limited company ,
please give the proper answer for my question

SIR I HAVE A QUESTION IN FINAL ACCOUNTS.
IF AN ENTERPRISE IS INVOLVED IN PROVIDING NET SERVICES LIKE CYBER CAFE,IT ALSO PROVIDING COMPUTER EDUCATION AND IT ALSO SELLING COMPUTER PARTS.
SO ALL THE REVENUE MUST BE CREDIT IN TRADING A/C AS IT IS ITS TRADING ACTIVITY. AND ALL THE EXPENSES RELATED IN PROVIDING EDUCATION ARE DIRECT EXPENSES SO IT WILL BE DR. IN TRADING A/C RATHER IN PROFIT AND LOSS A/C.