What is all about “increase / decrease in finished goods”, is it an item of Profit & Loss A/c , please state in brief
thanks

My query is that, if we received central Government subsudy in respect of term loan
then how we can recognise this transaction in the books of account under which group the subsidy is come.

the pre-operative exp. incurred before the starting of commercial production be treated in boooks of accounts, whether it should be revenue or cpitalised.
what should be treatment of pre-operative exp. in accounts after the starting of the production activity. whether it should be amortised or be capitalised in proportionate value of fixed assets

how to show the service tax paid in tally?
is it direct expence and indirect expense? or any?

Thanks

Red

My query is that, If we discount the post dated cheque with financer for geting cash immediatly then how we record this transaction in the books of account.

My 2nd is that, in which ledger Bank cash credit is shown in tally accounting program if we have deposit,withdraw and payment made by bank Cash credit account and under which catagory this transaction will be record in Tally Accounting package

Please Reply me fast

Which Co. will prepare consolidated accounts in case of cross holding?

Example - A Ltd holds 100% shares of B Ltd. B Ltd also holds 100% shares of A Ltd.

Q- Which Co will prepare Consolidated Accounts A Ltd, B Ltd or Both?

Hi,

I just wanted to confirm that amount paid to other company as share application money for purchasing its shares will be shown under "Investment or loans and advances" heading in assets side.

Allotment is pending

Thanks
saurabh

hello! can any one tell me whether it is required to disclose in notes yo account an disclose conyingent liability for duty paid under protest

Dear sir,
Under what head of account one can book those Expenses made for the travel of workers or employees of a company, to purchase of spares, to service any machine, to pay some fees & taxes etc?

How to account If any external person comes for to give some services like, machinery erection, service or as consultant the traveling expenses, boarding & lodging expenses made for them by the company?

What are all the expenses come under the Traveling expenses A/C?

Please rectify me I am making a balance sheet of a private limited co. where the total Investment is 282250000/-, Loans& Adv. 82170/- Cash & Bank balance 254256/- & total Current liabilities is 2500000, so therefore in my balance sheet Net Current Assets is in negative balance (82170+254256-2500000)= -(2163573) “ but my balance have been tallied,
Is it ok ?