I am working in a small firm and
I am going to take up Accounts in-charge in a private Manufacturing 100% EOU shortly where there does not seem to be a proper accountant so far. What are the things that I have to know and be sure of before taking up entire accounts dept.

sir please tell me the rate of sub contractor and contractor.as par my knowledge it is 1% for sub contractor and 2% for contractor. is it correct if wrong please sir clear my doubt

SIR PLEASE TELL ME MEANS OF ONTRACTOR AND SUB CONTRACTOR. THE RATE OF ONTRACTOR AND SUB CONTRACTOR IS 2% AND 1%. SIR IT IS CORRECT IF WRONG PLEASE SIR CLEAR MY DOUBT.

I am preparing balance sheet, as per our books of accounts Bank balance is 230000/- and as per statement 235000/- , I have issue 5000/- cheque for dmate fees on 31/03/2010 this the difference between books & bank, my query is which amount will treated as bank balance, kindly describe in brief

Can a representative office write off all its capital expenditure in the year of purchase?

Dear Sir,

Last year (2009-10) We have Purchased machinery. and taken the 50% credit of cenvat.
and now can we will claim for depreciation on the same ?

Pls help.

Thanks & Regards,

Rajendra Ahire

My firm is a partnership firm.the partners of the firm take salary and also withdraw amount in the way of Credit Card Expenses & Transferd to saving ac.while finalisation their capital is debit bal.

While filing their personal Income tax return can I prepair their Personal Ac Can i Pass all Dr. to their Presonal Expenses & Credit Firm ac.

Eg: Credit Card:(Shopping Done)
Drawings Dr
Firm Cr
is it right way of accounting.

The partners have purchased car,made some fds,Mutual funds. This should be shown in their personal ac the purchas are in their Individual name.


Please guild me so that i can maintain their Personal Ac in Tally or should not maintain

Regards

One of our party is doing jobwork for stitchin of bags (Packing purpose), in this jobwork part of material supplied by us and part of material provide by him and bills not making seprately for material and jobwork. and also his bills not in proper format & not contain PAN details.
Here should be deducted TDS or not ? How many percentage

One of our labour contractor claiming service tax & PF on company.What's the treatment in accounts.
Is here service tax & PF amount treat seperatly if yes in which under group (Expense or Liability)

Does interest accrues but not due on FD will be taken as cash & cash Equivalent while preparing cash flow statement