Hi,this is srini, cpt student. Basically i am a science student, i have some doubts regarding journal entries.....
1.)Do i need to memorize the journal entries of company accounts,branch,departmental, partnership or i need to apply accoring to golden rules.

accounting treatment in respect of open positions in the fno segment - how is the resultant position to be shown in the P&L account?

I like to know sir, where in india i can join class for quick book, book keeping accounting software for usa accounting.
i am using tally and other accounting software for last 10 year.

Best regards
Tenzin Sonam

Co. A starts marine repair business with purchas of floating dock and construction of workshop. For the purpose of purchasing the folating dock and constructing the workshop, it obtains bank financing. Now there are following expenses which Co.A has incurred towards getting the bank financiand and disbursement of loan:
1. Bank commission for processing loan
2. Agreement drafting fees paid to lawyers
3. Travel and hotel expenses of bank personnels while sanctioning loan.
4. Expenses reimbursement to bank personnel
5. Penal interest for not availing the loan facility
7. Adminstrative expenses by bank.
6. interest on loan availed upto the capitalisation of asset.

Co. A wants to capitalise all the above expenses.
Pl. comment whether the above expneses can be capitalised with the assets. Pl. give reference of Accounting standards.

Respected Sir

Please guide me for : A Partner Ship Firm Purchase Travelling Bills from a Firm Named OM Tourist.Prop Firm.for Travelling Expenses made by partners & Staff for Firm work.We Have Purchased upto today 100,000.00 Bills and paid also.Please Guide should TDS be Deduct. for Bills Credited in Firm Ac. (TDS @ 1%)

Regards

please help me to understand what does finalisation means . IS it the same way as we do in books of accounts or studied at B.com level. what points to be considered.

Dear Experts


If a company have Purchases 150000(including 10000 for input vat) and Sales Rs. 200000.(including Output Vat rs. 15000) and Company have paid Vat rs. 10000-15000= 5000.

in the above case which amount debit in
as Sales tax expenses
and Sales a/c
and Purchases a/c
and much amount show in balance sheet if vat not paid
Regards
Mahesh Siradhana

I am sivarajan ,studying PCC.I need notes ,tips &formet in relating to company a/c -AMALGAMATION

Dear Experts


A Sale of a Company Rs. 110000(including Rs. 10000 of Output vat)

Please tell me in above case how much amount show in Sale a/c

A Purchases of Company Rs. 100000(including Rs. 10000 of Input vat)

Please tell me in above case how much amount show in Purchase a/c and Profit and Loss a/c

and How much amount will debit in Indirect Expense as a expenses


Regards
Mahesh Gurjar

we have 70 regular emploess and contributing 12% e p f as employeer share irrespective to celling of Rs 6500 . i.e is the salary of employees is 20000/- we contibute Rs 2400/-

But we have 300 employees deputed by contractor who have his own account no and the EPF of these contractors are being deposited in the account code of contractor . The employer share is being paid to contractor by Us . I want to know that CAN THE CONTRACTOR DEPOSIT E P F UP TO THE CELLING OF rS 6500/- ONLY EVEN THE EMPLOYEE OF CONTRACTOR WORKING IN OUR FACTORY GETTING SALARY ABOVE rS 6500/-.

iS IT mandatory to follow the same rate and celling for the contractors emplyee which we adopts for EPF for our emplyees on our roll.

In my opinion we should contribute for contractors employee only up to Rs 6500/- where as for our employess we contibutes for full wages i.e above Rs 6500/- also