we have two Pvt. Ltd Company named X, Y.
X sold share to Z (third party) after submission of Form 2, then Y purchase share from Z by paying cheque.

My problem is what is the entry to be made in the books of Y for this share purchase from Z ?

Is there any entry to be made in the books of X ?

please help by answering.

We are a Pvt Ltd co.

One of our senior employee has purchased a UPS with battery for official purpose about one month back.

Now he has submitted the bill for the same for reimbursement.

he problem is, the bill is made in his personal name & address.

Can you advise, what is the correct remedy in this case so that no law gets violated ?

Thanks

Hi
Respected Members

Can any one Solve my following problem?

1. 1st year inventory turnover ratio is 12%
2. 2nd year inventory turnover ratio is 13%
3. 3rd year inventory turnover ratio is 11%

Can any one solve my problem like what above ratio want to say year wise?

OR

Whether inventory ratio should be high or low year wise for good business carried on?

Dear Experts
IF WE HAVE PAID CASH FOR TRAIN TICKETS FOR BUISNESS TOUR TWO DAYS BEFORE THE JOURNY, WHEN SHOULD WE MAKE THE ENTRY AND WHAT TO DO WITH THE OTHER EXPENSES WICH OCCURES DURING JOURNEY LIKE TAXI FARE AND MEALS. CAN WE DEBIT THE TOUR AND TRAVEL EXP FOR SUCH EXPENSES HAVING NO DOCUMENT ?

TDS on commision paid or payable to foriegn agent for the year 2009-2010 and 2010-2011 upto 9.9% of invoive amount.

please pay attention for this matter

how can i adjust my sundry creditors on balance sheet in addition an huge amount of fictitious creditors in balance sheet from past 4 years. i adjust some cash payment and bill purchasing from other parties. pls advice me ,

Dear Sir,

I am holding share of R com 500 nos. cost of Rs. 250000.00 Now suppose i receive bonus shares of 5:1 what will be the accouting treatment of bonus shares. Can I Show it as capital introduced and respective increase in the value of investment. Please Explain

Regards and Thanks

In balance sheet, how plot of land is valued??
at cost - Depreciation or
Cost or NRV whichever is lower..????

Does fixed assets, cash, stock & investments show credit balances???

In what circumstances???

Please provide your opinion on the following matter with documents:

Query: If a sales return has come after closure of books, What will be
the treatment of this sales return under:
(a) Accounts (Companies Act)
(b) Sales Tax (UP VAT) and
(c) Income Tax