1. Can anyone inform me if there is any provision in UTTAR PRADESH regarding transfer of unpaid wages, salaries, bonus, incentives and other employees benifits to labour commisioner account after expiry of three years from the date of provision been provided in the books???

2. Can workmen compensation paid to employees be net of with the insurance claim received????

Dear All

How do i calculate depreciation of the assets purchased in the middle of the year according to comp act as well as IT act

And also what is the rate of depreciaiton for mobile phones purchased for staff according to companies act and income tax act

plz urgent

As per AS 26 whether preliminary expenses are to be written off immediately and not to carry over the period of years? If yes then from when it is applicable?

Hi Experts,

What is basis of leave salary Calculation?
whether HRA to be included for the calculation?
What are the statutory obligations for the same?

Thanking you in advance

Satish

WHAT IS DIFFERENCE IN BETWEEN NORMAL ACCOUNTING AND AN INSURANCE (GENERAL) ACCOUNTING??

INSURANCE CO'S ARE BOUNDED WITH IRDA GUIDE LINE. HOW IT WILL IMPACT ON THE BOOKS OF ACCOUNT

WHAT IS DIFFERENCE IN BETWEEN NORMAL ACCOUNTING AND AN INSURANCE (GENERAL) ACCOUNTING??

INSURANCE CO'S ARE BOUNDED WITH IRDA GUIDE LINE. HOW IT WILL IMPACT ON THE BOOKS OF ACCOUNT

What is the calculation of lease according to AS-19 for private limited company?

What is in AS-19?

Dear Expert,

Solve query in urgency

My Query is that we Paid Providend Fund Amount for The PARTNERNSHIP FIRM from Private Limited Company Bank Account.

Please Tell us now how i can correct the Entry.

Or
I should make entry in Partnership firm by Crediting Pvt. Ltd. Company A/c and Debit to Providend Fund A/c

Reply if anyone have solution for this

Thanking you.

If I transfer a sum to my father for his livelihood through bank.
The journal entry would be

Drawings A/c___________Dr.
To Bank A/c

or will be treated as loan

Loan A/c___________Dr.
To Bank A/c

(Note: the amount is not refundable & nor i am charging any interest, its my responsibility to take care of them and hence its a transfer so that they can meet their expenditure as I live outside town)

X company is dealing in software & Technologies. They have a Demo machine manufactured in house and is considered as Fixed Asset. This machine is being sent to clients for trials in order to grab orders from the clients(sales promotion). Moreover it is not held for sale in the ordinary course of business. Now the query is that what should be the treatment of Demo machine in the book of the company.Should it be considered as inventory or fixed asset?