IS IT NECESSARY TO MAKE PROVISION FOR NPA INTEREST IN THE BOOKS OF ACCOUNT OF COMPANY WHOSE TERM LOAN ACCOUNT IS BECOME NPA ,ON THE BASIS STATEMENT OF UNCOLLECTED INTEREST RECEIVED FROM BANK?

what will be the criteria for making provisions for Non/Slow moving inventory for Finalisation of Accounts. Is there any legal requirement under any law/AS/AAS. Kindly reply ASAP.

With Regards,
Sabir

Pls Define Excess Short Provision?

thanx
regards
Ghanshyam

What is difference between cash flow &funds flow statements?

Dear Sir
As one of our Company's Executive Director claim the reimmbursement of exp. incurred on hire of taxi in mumbai but don't get any bill for the same.

I want to know what I have to demand from them as a supportive to the Cash Voucher if they don't produce any relevant evidence of expenditure done.

Pls let me know whether Put to use certificate is essential to issue to user department by the accounts head for any addition to fixed assets during the current year.

in schedule xiv no where it is mentioned that company has to depreciate its assets upto 95%. then how a company can depreciate its assets upto 95% following schedule xiv rates?

Hello to everyone out here.
My brother has just started an interior designers firm. and i want to have certain system set up for accounting of the same.One of my problem is the business is divided into two parts.
First the trunkey based projects in which we purchase all material, hire labour agencies and pay them, and supervise all the work and then charge our design fees.
second is the service projects in which we just have to assist the client for purchasing the material and hiring of labour etc. we charge only for our design fees.

so can you please suggest how should i maintain accounts in tally giving certain guidlines including groupwise details. and also how should i prepare the invoice whether i should include material in and labour in the invoice or just design fees.

A company which follows schedule xiv rates of Companies Act for depreciation. But this company depreciates its assets upto 95% of the historical cost of the assets. There after it does not provide any depreciation in the books. whether company is correct in doing so or not?

we moved on to our new office very recently. all the furniture and fixtures were got new and we opted for a lease for the payment of these. Thru the Lease arrangement we are required to pay a monthly lease rental to the funder.Will it be ok for us to treat such a lease as an operating lease in the books.We dont intend to possess the assets after the expiry of the lease term...Please advice..