wt is the account payble and account receivable

AN ASSOCIATION HAS TAKEN A RENTED PREMISES FOR THEIR WORKING AND INCUR HEAVY EXPENDITURE FOR RENOVATION AND DECORATION.THESE EXPENSES HAVE BEEN CAPITALISED.CAN DEPRECIATION BE CLAIMED ON IT?
THANK YOU.

Dear Sirs,

What is the difference between depreciation as per companies act and income tax act.

DEAR SIR,

I HAVE TAKEN PURCHASE BILL OF RS.115000/- FROM A FIRM AND PAYING REGULARLY THROUGH CASH PAYMENTS BELOW RS. 20000/- EACH.I WANT TO KNOW THAT ,THE CASH PURCHASE WILL BE DISALLOWED U/S 40 OR IS THERE ANY TDS LIABILITY.ALSO EXPLAIN THE RIGHT WAY TO DEAL WITH SUCH A TRANSACTION.

THANKS IN ADVANCE.

Is there any diffenance in Net worth & Capital employed? also tell me meaning of these two terms?

What are the entries to be passed for sale bill discounting.
1. Accounting the bill
2. Discounting the bill
3. Bank charges recording
4. When bill honoured
5. When bill not honoured.
6. When bill honoured lately.

Thanks for the experts who took time to read and guide.

Hi,

Is it possible to write off carried forward losses against revaluation reserve with HC order?

If yes, which AS speaks about it?

Dear Sir,
As per Para 41 of AS-27, When a Asset is transferred by a venturer to Joint venture, the gain or loss should be recognised which is attributable to interests of the other venturers.
Query:
1. Why the venturer should recognised the gain or loss which is attributable to other venturer?
2. what is the logic behind this approach?

Sir/Madam,

In FY 2009-10,
1. Advance Tax Paid - Rs.60000
2. Provsion for Income Tax - Rs.66000

During FY 2010-11, Rs.6000 is paid as Self-assessment Tax

What will be the Accounting Treatment (ie) Entry to be passed for Payment of Self-assessment Tax of Rs.6000?

Note: Assessment has not been completed.

Dear Sirs,

Our company situated in M.P where we have hire security agency. Now the agency not depositing the PF amount of their guards & as per rule this is principal employers liability to ensure that. We have retain the deposit from security agency & now our company want to deposit that PF amount to pf department. so my inquiry is on which amount we have to deposit the pf amount because the agency not providing their salary sheets. Are we have to deposit the pf amount as per Minimum wages act which is in M.P Rs.154/-(Basic + D.A) for unskilled labour or there is some other rules for this kind of cases.

Thanking You