The company earns income from the foreign holding company but does not showns the amount of the service tax in the invoice although the same is paid by the company through gross up method. Should the amount of the service tax paid be shown in the financial statement as expenditure or the service income be reduced by the service tax amount?

There is concept of deemed export under excise. Accordingly we have received an order from Maharashtra state electricity board for erection of sub-station but the project is funded by world bank, so it is covered undered deemed export. How shall the turnover from this order appear in the financial statements, wether it will be shown as domestic turnover or export turnover.

we are importing mobile acessories. the prices are in dollars. please advise me entry for same. in invoice they have included only prices for product excluding freight. we paid custom duty i want the entry for this also.

how to treat this situation in accounts please guide me

Dear sir,
i need a clarification about Contra entry.Cash wihdrawal from the bank.for that we should pass contra entry.
but they passed bank payment entry instead of contra.Is it correct?...

Entry in bank payment as:
Cash
to Bank.
It will give the same effect.Then what is the purpose of Contra??...
Explain and give the effect also...

Dear sir,
i need a clarification about Contra entry.Cash wihdrawal from the bank.for that we should pass contra entry.
but they passed bank payment entry instead of contra.Is it correct?...

Entry in bank payment as:
Cash
to Bank.
It will give the same effect.Then what is the purpose of Contra??...
Explain and give the effect also...

Can anyboby explain me the calculation of DTA/DTL in the following situation.

Accounting loss 1000000/- (Depreciation 100000/-)

IT loss Rs 1200000/- (Depreciation Rs 300000/-)

Tax Rate 33.99%

There is virtual certainty regarding future expected profit.

Can anyboby explain me the calculation of DTA/DTL in the following situation.

Accounting loss 1000000/- (Depreciation 100000/-)

IT loss Rs 1200000/- (Depreciation Rs 300000/-)

Tax Rate 33.99%

please explain me how to evaluate the balance sheet, by the balance sheet of the company, we can get the strength of the company,

dear sir i want to know what are the importance of a company`s share capital, and what is the different between sharecapital, issued, subscribed and paid up capital

thanks

In manufacturing of fabric company,they purchased furniture to the extent of full amount including CST @12.5(according to MVAT)whether it is claimable.

How they should shown in accounts book regarding assets and CST??...kindly help me..sir

kindly tell me how to do audit in EJV?....

Dear sir,
i need a clarification that,what is the accounting treatment about freight inwards.If i m showing seperate from my purchase,whether
my valuation of closing stock will reveal correct amount.I heard that freight charges should not show separately.if doing so,it will not reveal correct value of closing stock.The company is using Tally software.They made purchase as purchase a/c and freight as direct expenses.

kindly help me