We hav two partners in firm their fixed capital is 25000 per head and for trasaction they hav deposited 500000 per head. as per partnership deed they are liable to take 12%PA int on the same.
please explain me the accounting treatment and Calculation for Interest.
When shall i pay the same

We hav two partners in firm their fixed capital is 25000 per head and for trasaction they hav deposited 500000 per head. as per partnership deed they are liable to take 12%PA int on the same.
please explain me the accounting treatment and Calculation for Interest.
When shall i pay the same

my question is why closing stock is not reflecting on trial balance

i am appearing for pcc in november 2009
can anyone suggest me some of the important topics that i should give more weightage? i think following are the some of them

hire purchase
cash flow & fund flow
advanced partnership
single entry
amalgamation of co.
branch accounts
NPO

have a company, we have to pay our C & Fs every month. One of my CAs says that we need to accrue the payment for their services everymonth (irrespective whether I recieve the invoices or not) & pay TDS next month ,other CA says that there is no need for accrual .We should wait for the actual bills to come & only after crediting/payment (whichever is earlier) ,we are liable for TDS deposit.Please suggest

Dear Mr Srinivasalu

We have decided to purchase the exacavator machine within india only i.e.
interstate purchase. Please clarify whether are we eligible against C Form since we are in builders and developers.

if a co rec. advance from its customer in us doller and want to convert into share capital what will be implications of ROC and RBI in this regard ?

Sir

Is that there is any guidelines for accounting treatment of derivatives.

Regards

CA DIMPAL GOEL

at what rate we will record closing stock of investments

Hai,,

Is software will be under an asset or expenses? and the software renewal charges will be an asset or expenses..