Company A is listed Company
Company B is non listed co.
Company A is a subsidiary company of B
whether INDAS is applicable to Company B

A person is on tour for business purpose, hotel, phone , food expenses bill under which accounting head, or we directly debit to tour expenses A/c or we bifurcate them bill wise

Hello,
My query is regarding Advance payment made for Hall for a function.
In the Balancesheet of 2017-18 this is shown as Advance paid,on the Asset side under Current Asset
What should be its current year treatment?

Dear Sir.

I am an finance manager in pvt company. I have received a bill to make payment for weigh bridge. can you tell me which ledger to be account this transaction.
(i) whether TDS is applicable?
(ii) if applicable what is the slab and the rate of TDS?

Notes:
In our factory every truck will check the weight and then it will allowed inside factory and the month end they person will submit consolidated bill .The weigh machine is owned by individual and not by the company.

Dear Sir's

A Partnership Firm have entitled a Commission on Book Profit @ 90% of First Rs. 75000/- or 100% of First Rs.50000/- whichever is more, 60% of the next Rs.75000/- and 40% of the Balance Book Profit " as per agreement made by the Partners.

Ratio of Shares are 70% & 30% accordingly.

The Firm having a Book Profit of Rs. 2,85,316/- during the year before the Partners Commission .

Would you please advice , how can we calculate the Partners Commission?

Its very much help us for accounting the same ? Waiting for your valued reply

Regards

Dear all,

I have a doubt about formation of Sch III of companies act,2013.
Schedule III will start with Equity & Liabilities head then Assets head will come.
But in Listed companies financial statement, it will start with Assets & then Equity & Liabilities
Why there is a format difference?
Can any one please help me.

link of one listed companies financial statement
https://www.itcportal.com/about-itc/shareholder-value/annual-reports/itc-annual-report-2018/pdf/ITC-Report-and-Accounts-2018.pdf

What is non budgetary control?

Dear members,
How TDS payable will be accounted in cash basis accounting of an individual for whom tax audit is applicable?

Is tds is a indirect tax? If yes why it is collected by income tax dept.[it is direct tax].

Kindly clarify my quary.

With Regards,
Tapas kumar

As Per Companies Act 2013 in Balance sheet under current assets Inventories are shown, which inventory is this closing balance of last year?
In profit and loss account three entries are shown1)Cost of Material Consumed 2)Purchase of product for resale 3) changes in inventories of finished goods, work In progress, and product for sale is this for current year up to February or before 3st march?
I have searched google for changes in inventories, wip it says the same is produced previous financial year how same is adjusted in this year? this item particularly shown in auto sector companies. Based on this how to do fundamental analysis, if want to make Discounted cash flow statement then how to make, can anybody guide with example?