We are participating in exhibition which is taken place in Feb'10.For this we have paid of Rs. 119000/- gaianst party bill dated 15.05.09 and deducted TDS accordingly.
Now we want to more spce in exhibition and rebooked the new stall and cancelled the old one.Party has sent the bill for the new one of Rs. 178000/- and date & bill no is same as it was in previous bill which was cancelled.

we have asked the party to send a bill for differnce amount.
My qeury is:
- Am I correct?
- Can we pay the amount against this bill?

Pl suggest how can redrease the matter?

what is bank occ a/c ?

Can i show depreciation as per Income Tax Act in Books of account prapared under schedule vi of the Comapany's Act? It is Pvt Ltd Company....

what do you mean by?

Gross profit on cost
&
Gross profit on sales

I am preparing haly yearly bal what depreciation should i charge it is for full or half
what i mean
if my asset cost is 100000
and dep. rate is 10%
it comes 10000
so, should i charge 10000 or 5000
please guide me
thanking you

I have made a sale from Company "X" to Mr A and Mr A has returned goods and payments to My group compnany Say "B".

So How will I transfer the entries in my book taking into consideration both accounting and taxation point of view?

What is the RTGS?
I saw in my company RTGS issued.
so what is this?

Thanks in advance
fazle_sap_fi@yahoo.in

I want to know that as per new syllabus of CA Final, in Accounts other that Accounting Standards are IAS & IFRS required to be done in details??? If yes, which books (students edition ) to be referred for IAS & IFRS????

Under Co's Act,1956, it is mandatory for a company to comply with Accounting Standards as per Sec211(3A),
Like wise, do we have such compliance requirement in cooperative societies Act, Acts governing the trusts?

What is the NFT?
I saw in my company NFT issued.
so what is this?

Thanks in advance
fazle_sap_fi@yahoo.in