Dear Sir/Madam,

I have one query now I am doing accounting,

our office have office insurance Rs.6,590/- and our office assistant accident insurance Rs.165/- for one year premium. please tell me how the amount calculate on above mentioned insurance prepaid insurance with full details how calculate the days, insurance period valid from 1.03.2009 to 2.03.2010 for my knowledge.

Thanks,

Poonam

Dear Members

Iam working a limited company. We paid Rs.21,00,621/- towards preium to under Met Life Group Gratuity Scheme. The details as below:
1. Rs.27,315/- towards Risk Premium.
2. Rs.2,59,850/- towards Current Service cost and
3.Rs.18,13,456/- towards pas service liability.

4. The Gratuirty provision outstandint as on 31.03.2009 Rs.15,62,567/-.

Plese advise me treatment in books of accounts.

Dear Professional Colleagues,

I am working in a UK based insurance company. We are a listed co in London stock exchange,

We have almost 50 subsidiaries. We have only 3 entities who has bank accounts for transactions.

We have lot of inter company transactions which kept accululated since 2003 onwards.
We now want to clear this inter co receivable & payables.

Seeking your advise on the ways in which we can settle those .
1.Bank Payments (Between 3 entities holding bank a/cs)

2.Elimination of common payables & receivables

3. Utilization of Free Reserves.

Any other methods, plz suggest.

Regards,

CA Sachin Hinge

Dear Friends,
We have Opened a new Company in F Y 08-09. Up to 31.03.09 the Construction the Plant is going on. Yet any revenue not started. The production also not started. We have incurred the following type of expenditures. Now should we capitalise these expenditures? In which Asset head we have to keep these?

INTEREST & FINANCE CHGS-OTHERS
INTEREST ON FIXED PERIOD LOANS
INTEREST INCOME ON FDR
COMMUNICATION EXPENSES
FREIGHT AND OCTROI OUTWARD
INSURANCE
LEGAL & PROFESSIONAL CONSULTANCY
MISCELLANEOUS EXPENSES
PAYMENT TO AUDITORS
STATIONERY, PRINTING & PHOTOCOPY EXP.
TRAVELLING & CONVEYANCE EXPENSES
STAFF WELFARE

Hello,
In tally 7.2 this is my first time making entries in tally . see i have some petty cash which is used for expenses... so in tally what entry first i have to make like payments or contra or journal ....
please help me

Muskan

I have deducted TDS @10.3% from broker & deposited into Govt.A/c. The entry of TDS has been passed at the time of payment (but not at the time of due). Now the TDS amount on brokerage @10.3% is not being tallied with actual TDS deducting deposited. How I will reconcile the brokerage with TDS. If varied, then how it will be rectified?

Can the assessee claim depreciation on the asset used for 11 days in the last year Under the Companies Act, if so at what percent.

what are fund/non fund based income for banks? pls explain in detail

IN CASH SYSTEM OF ACCOUNTING, IS IT NECESSARY TO SHOW TDS PAYABLE A/C

Sir,
i want to know the accounting entries of ESI & EPF .
Please tell me also what it is & to whom it is applied or its application of provisions .