CA Jithesh C
This Query has 1 replies

This Query has 1 replies

20 July 2009 at 10:43

Accounting of DD drawn

Dear Experts,

If a DD has been drawn in favour of a third party from the company's regular bank account and keep pendng to issue, how should it be accounted in books. Should it be accounted as cash drawn from bank.

Thanks


deepak Kumar yadav
This Query has 3 replies

This Query has 3 replies

18 July 2009 at 14:24

postin of transaction

in the current year i have make a provision for tax of Rs. 50,000 and paid advanced Tax of Rs.40,000 tell me the effect of transaction that is provision will show on P&l dr and B/s Liabilities what about advanced Tax Paid? post the entry for provision for tax and Advanced Tax separately


Naveen
This Query has 1 replies

This Query has 1 replies

18 July 2009 at 13:07

Tally

Hi,
1) I wanted to know the what should come under Receipts and Payments in Tally 9, as I am confused to make entries.

2) The account Tab is coming in both receipt and payment vouchers, but the cash is in current asset, if i make an entry all the accounts are showing in current assets including the expenses, so please help to make proper entries.

Thanks
Naveen.C


venu
This Query has 2 replies

This Query has 2 replies

17 July 2009 at 20:35

applicability accounting standards


An Indian private ltd company which satisfies first four conditions of sec 2(f) of Companies (Accounting standard rules) 2006 to qualify as a smc. But it is a subsidiary of a foreign company which has the turnover of more than 50 crores during the immediately preceeding accounting year.
In that case will the Indian pvt ltd company be smc or non smc? Thank you in advance.


jitesh
This Query has 3 replies

This Query has 3 replies

17 July 2009 at 18:21

Fixed Assets

Whether fixed assets received free of cost can be capitalised at nominal value or zero value ?


chirag ahuja
This Query has 1 replies

This Query has 1 replies

17 July 2009 at 12:55

accounting standards interpretation

whats the meaning of Pt. 7 & 8 in AS-18


vinod
This Query has 2 replies

This Query has 2 replies

dear sir,

can accountant use of green or red pen for checking vouchers.

also give me information abt who use green & red ink pens. especially in accounts / internal - external audit.


Guest
This Query has 1 replies

This Query has 1 replies

Hi,
My Company have a foreign branch in USA. Whenever the invocie is booked in INR it has to be converted to the USD for the local reporting in USA. So at which date's Foreign Exchange Rate should be consider for the conversion. The conversion should be done on the invoice date or the date at which invoice is booked in the books.
Thanks,
Kailash


PREM KUMAR
This Query has 1 replies

This Query has 1 replies

16 July 2009 at 16:56

Treatment relating to preproduction

Hi everone, I have a query regarding accounting treatment towards preproduction expenses. I have taken this as a deferred expenses. Now I want to write off this expense after considering the Accounting Standards. Can anyone please help me regarding this.


meenakshi
This Query has 1 replies

This Query has 1 replies

16 July 2009 at 16:25

Business Promotion

Can Sharing lunch with clients be treated as Business promotion expenses?
Please explain the difference between advertisement and business promotion expenses?






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