dear sir,

if employer is paying salary under following structure and amount paid by bank through a consolidated cheque, then how they should pass entry in account :-

Basic 15000
HRA 6000
other all 4000
petrol 1000
mobile 1000
--------
27000
----------
whether a consolidate entry of rs. 27000 should be passed or for petrol & mobile he should make a separate entry

In case of a related party transaction between a company & a partnership firm, is it necessary to disclose the profit earned by the company from the firm in the company's P&L account??

100% w/o of asset purchased less than rs 5000, as per companies act 1956 ? explain in detaied

Hi Sir,

Average rate for Year 2007-08 what does it mean..
Is it average rate of foreign currency form april 1 2007 to march 31 2008

or average of exchange price As on april 1 , 2007 and 31st march 2008

I would be thankful if any one can help me on this issue

Suneel

Hi,
If some company has given some material as sample and some as FOC with main item sold, then how to give accounting effect.Whether any compliance under Income tax , or VAT need? Plz give reference if available in any accounting standard, Guidance Note or any other pronouncement.

CLARIFICATION REQUIRED REGARDING COMPANY HAS HYPOTHECATED THE VEHICLE AND LOAN HAVE BEEN TAKEN AND MONTHLY REPAYMENT HAVE BEEN REGULARLY DEPOSITED

MY QUERY IS WHETHER DISCLOSURE IS REQUIRED TO BE MADE IN ACCOUNTING STANDARD OF LEASES OR WHETHER IT IS NOT APPLICABLE

How we show the take over of a company (with similar activities) by another company in financial statements.

Amount paid to the owner to transfer the ownership.

Give me the notes to the item in the balance sheet.

S.K.

Hi,

I m using tally 5.4. Can I upload entries from excel into tally as it is done in SAP? If yes, pls tell me how.

Hi,

I m using tally 5.4. I want to export data to MS excel. I have used Alt+P & Alt+E. But both don't work in my version. Pls help.

would any one explain the concept of deffered tax and accounting treatment of it with help of some short examples