Sir
Please tell the difference between the term loan and cash credit and what is period for repayment of such type of loan?

If anyone what to set up its own industry in iron scrap melting industry then bank can give such loan to an individual without any balance sheet, but he having project report for it.

Please advice me Sir,

Hi friends.....

I want to know about Travelling allowance exemption. I read the provision that Rs.600/- P.M is allowed for T.A But One of my friend is working in an Engineering College and the employer is deducting Rs.600/- out of his salary.

So please clear that any special provisons are alos attached with this exemption and why mine friend is not eligible to get the travelling allowance...

Its urgent

pls sent

Dear Sir

If the ESI Employees Contribution ledger showing a debit balance, what are the probable reasons behind it and how to begin scrutinise in such a situation?

if cash from operating activities is negative means the company has a cash loss for that financial year

Dear Sir

In which ledger I have to show ticket booking charges paying to an agent - Traveling Ex. Ledger or Commission & brokerage ledger.

what is cash loss? how can a person identifies whether a company incurred cash loss just by seeing the annual report?

Dear,

Thanks for your answer,but still i have doubt, for recording a prior period item are we need to create a new account for prior period expenses ? please give details

Should revaluation reserve on different assets be kept separately or combined?

i mean whether revaluation reserve created on upward revaluation of an asset can be used to write off the loss on downward revaluation of another asset.

Dear Sir


A and B who share profits and losses in the ratio 3:2 has the following balance capital of A Rs.50000; capital of B Rs.30000; Reserve fund Rs.15000. They admit C as a partner who contribute to the firm Rs.25000 for 1/6th shares in partnership. If C is to purchase 1/6th shares in the partnership from the exiting partner A and B in the ratio 3:2 for Rs.25000. find closing capital of C

Ani : 19000

Please How to findClosing capital of C
Regards
Girish