The co. has paid application money for allotment of shares & bonds but no shares/bonds have been alloted on the date of Balance Sheet. How this application money is to be shown in the Balance Sheet?

is selling & distribution exp. covered in FBT.

ABC co. has purchsase The DEPB through agent from the market at 95% (including VAT).The bill amt raised by the agent was = DEPB Amt. + Commission + VAT.

Query :
1) wether ABC co. deduct TDS on whole amt. or only on Commission amt.?


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If Co. purchase parts for plant & Machinery, then what will be its accounting treatmnet?

Dear experts,
Please and anybody guide below mentioned issue:
While purchasing the materials, the CST rate was @3%(Interstate purchases). Now they have raised a debit note (in March,09) as they didn't supplied those invoiced materials. Now CST rate is 2%.
Please clarify whether debit note should raised for 2%or 3%. (My confusion is invoice raised for 3% but debit note raised for 2%. Is this correct)

Regards,
Bharath CV

Dear Sir,

If there is any special notification for Pune or for Maharashtra , Said that Rent for the the month should be paid in the begining of the month. Example. If April-09 rent should be paid before 07.04.2009 like that.

Please Clarify.

With regards,
Sathis.

I want a file in this section which has a tally commands?
I have searched a lott but colud'nt find a good one?
It wolud be better if any one here will provide a link.

What is self balancing system and sectional balancing systems ?What is difference between the both?
Also how to rectify errors in both before preparing trial balance and after preparing the same?
Thanxxxx in advance for your use answers
answers in detail

what are the scopes of accounting?

sir,

on 23/3/09, we recd a wrong amount(not due to us) of Euro 100000/- in our EEFC account from one of our customer.
When they pointed out the same, we issued the credit note to them for euro 99700/- on 31/3/09 as the bankers would be deducting the bank charges of approx 300 euro at the time of remitting the money back.
The bankers actually remitted back euro 99700/- on 4/4/09.

How should we treat this in our accounts on 23/3/09, 31/3/09 & 4/4/09.

Kindly explain.

Thanks

Subhash