hi,
i have a doubt,when will the expenditure payable and outstanding expenditure exists
(according to my thinking,payable exists when the right to payment exists and outstanding exists when the payment is not been made till the balance sheet date)

Need help on the procedure from starting to upto finalisation of Balance Sheet

Whether the Jobwork charges Received is Sales or Direct Income in the Trading Account?
plz send the answer

heamnth

sir,

1.please give me a deprication chart as per income tax act & company law,
2. what is difference between income tax act. & company law.
3.what type of entery we enterd in book of account
4. what type of deprication we take in balance sheet.

thanks
regards
sunil kumar

we are thinking of importing machinery on lease from a uk based co. Can we do that ? if yes, What precautions we should take before entering into lease agreement? Whether RBI permission is required ? Whether this will attract service tax as service tax is consumption base levy.

Our company is privat limited company in india we have subsidery company in singapore the book closure for subsidery company is 31st MArch 2007 it any mandatory for subsidery company balance to be included in the holding company balance sheet

I can compare sales with closing debtors in case of Debt Turnover Ratio & closing creditors with purchases for creditors turnover ratio.

Can you please let me know when do we use closing debtors instead of average & closing creditors in place of average creditors.

Please advise the accounting treatment of consignment sales. If possible please provide the enteries to be done in case of consignment sales.

I went through annual reports of Many companies but i am still not able to understand

how to calculate amount of tax paid to be deducted from cash flow .

Cash A/c Dr.
To Cash




I wan't to know the narration of above journal entry or else I want to know in which situation the above journal entry will be passed?