Whether architectural model of plant should be capitalised? If yes, does it should be added to cost of plant?

a company deals with "A" Brand cell phone. It has got appointed as distributor for "B" Brand cell phone also.

Both model cell phones are being sold to same debtors. is it advisable for the company to maintain 2 ledger names for the same debtor. eg. both A & B brand sold to M/s.A Ltd., Now the company wants create M/s.A Ltd - A Brand, M/s.A Ltd., - B Brand so that the company can take out the outstanding report clearly brand wise. Is it legally allowed or any restriction.

Kly clarify.

With kind regards
k.thyagarajan

Is a private company can issue preference share to public?

A member of private company holding equity share can transfer share to relative. Hear what is definition of relative?

dear sir
i have not paid tds for fy 2008-09 for period april 08 to feb 08 the amount of tds is rs 74695
interest rate for tds is 1% per month

so plaese check the interest calculated on the amount say is it right figure

tds april to feb rs 74695
due dt 7 of ech month
delays days 11 month

tds 74695.00
11% int 8216.00

total payable today is 82911.00

is it right

sir
one of my staff is paid salary per month rs 23000.00 but our firm doesnt have any salary structure please can u provide salary structure because some expenses are allowed & some disallowed

regards

sir
we are a cha firm.I have not deducted tds from april 08 to feb 09 now i will deduct tds for april to feb.the tds amount is rs 74695.00 but i dont now how to cal. the interst.so please say me the formula for cal. interest on tds. 1% interest is charged so from april to feb its 11% so i should cal.74695*11%=8216.00 is it right please say.

please say me the accounting entry to pass the tds for party
party dr
interest dr
tds payable cr
is the entry right.

regards
survesh

can u tell me when company issue his share at discount?

A company rendering telephone services provides them free of cost to its employees. The employees may use it for official as well as private purposes.
The company does not account for this.
The company's contention is that it incurs no additional cost.
Is the contention of the company valid or is it supposed to transfer a part of its operating expenses to employee remuneration and benefits?

If we have to follow only mercantile system of accounting then why do we mention in notes to accounts and in 3CD report that the compamy follows 'mercantile system'

Who can adept cash or Mercantile system of accounting ?

What is the major difference in cash and mercanile system of accounting ?

Can a company follow cash accounting system ?

please also tell when it can follow cash accounting and mercantile system of accounting ?