what is the journal entry of dishonour of cheque in the books of both issuing & receving party ?

What is Debit & credit note ?
What are the conditions to issue debit
& credit note ?
what are the journal entries for issuing debit & credit note ?

My friend is running a soleproprietorship concern for the past4 yrs. he has availed OD for the business purpose & housing loan for his aquiring a house. The interest on OD is debited to p&l account under finance charges & interest paid on housing loan is debited to his capital account.However,both the loans are serviced through his business account. What would be the effect on profit/NW of the concern if the interest paid on housing loan is debited to P&l Account? Is it correct to debit the interest on HL to Capital Account?

is there any difference between Networth & Tangible Net worth?

Whether payment for expenses made in F.Y. 2008-09 for expenses incurred in F.Y. 2007-08 is allowed as an expenditure in F.Y. 2008-09.No provision is made for the expenses incurred in 2007-08.Also please specify the applicable section under I.T.Act,196

Hi,
I was working on Tally 7.2 in educational mode while posting sale entries my computer turne off because of power failure. I tried to rewrite the data but when i work in particular month in which i was working it hanged. pls. help

Pls provide steps to scrutinize trial balance

Is the amount received from the MD of a pvt ltd company for carrying on the day to day activities can be shown as a loan for the company from share holder???????

hi

I just have the following query

... A company under construction hasn't created any provision for tax ... Is there any requirement for calculating deferred tax as per accounting standard issued by ICAI.


Thank u

What is mis reports in accounts?
how to prepare mis reports