Last year there has certain amounts in a account shows debit balance in Balance sheet which was foreing exchange loss and the same has been not claimed in P & L. the annual return has been filed. Now what should the treatment in current year for that Account. what are the ways to resolve the same.

How the gratuity payment made, after 5 years or any event happened like death, disablity,immediate employment, the employee or his/her survior gets benefits from the gratuity act. what is the rules and regulations let me know. it is pvt ltd co. what about the rules for central and state govt employees.
Sreenivas.S.R.

What is the accounting entry for discounting of bill?

1.If a Fixed asset put to use and remain idle for some time, then whether we can calculate depreciation on the same as per companies act and as per accounting standard? and what is the provision for the same in Income tax act?

2.Revaluation to a fixed asset is acknowledge by companies act and as per AS 6 we can calculate depreciation on revalued figure? but it is not clear to me whether revalued amount is accepted for depreciation calculation as per IT act?
Please help.

If a developer of shopping complex or a mall builds at his own cost roads also,then how we can treat in our books of accounts whether of capital nature or of revenue nature.

Hai plz help i working as accountant one of transaction is like this on 15.5.08 ch issued to bank managerRs 50000 to credit x A/c 15000 y A/c 20000 z A/c 15000 but one of A/c wrong credited insted of x a/c it gone to R A/c i have entred in cash book x a/c 15000 again after two days R had redeposited the 15000 which was wrong credited so my dought what shall i write in cash book shall i write r deposited in to bank plz help me give me example

A Firm has charged certain expenses in its Profit & Loss Accounts on accrual basis. But payment is not made in that year so as per sec. 43(b) of income tax act. these expenses shall be disallowed so in that year, is it Deferred tax Assets/ Liability.

Can you explain the salary (What basis the salary to give employees for ex: Annual salary is INR 2,00,000 how to split up this one (Basic, DA and all allowance is their is any percentage or what basis.

If book profit of a company exceeds Rs.1 crore the MAT cannot exceed following
(Rs 10 Lakh+Book profit-1Crore )+EC+SHEC

What is that meaning

Hi,

we have purchased some material like Plywood, Fevicol ,sanitarywares etc. for makes some desks for office use against 3 invoices.

:while preparing assets register, How can I show each desk against particular invoice number or transaction in assets register?

:Is it necessary to show like this?

:Any other way that will be better for physical verification of fixed asset.?

:How can we maintain the fixed assets data by using Item code (Asset code) for every desk.

Regards
Vijay