in preparing cash flow statement though indirect method information given
receipt of govt grant 12 lakhs depreciation provided 20 lakhs
net increase in working capital 1500 lakhs excluding changes in cash and cash equivalents
they do not provide information regarding amortization of such grant
now my question is if we modify that there is amortization of such grant[adjustment] 7 lakhs
now we deduct 7 lakhs from net profit in order to arrive at operating profit
what adjustment to be made to working capital changes considering this new adjustment made by me
we have to deduct such 7 lakhs from net increase in working capital 1500 lakhs and we have to deduct working capital increase of 1493 lakhs from operating profit we found to arrive cash flows from operating activities
i want to know the reason?

What is the definition of salary for Professional Tax?
PT shall be levied on gross salary or basic salary?
Shall overtime be considered in the definition of Salary?

can i put in accounts a new phone purchased from abroad?can i capitalise

what is the effect on working capital position on receiving grant from government?
and we amortize the grant so received over a period of time

Please help me
Mr. A received Interest of Rs. 74865/- on Security Deposit from Electricity Company and TDS to be deducted @10%
What is the entries in the books of A for both Interest and TDS.

expenses paid for registration of vehicle under which accounting head.

What is the entry for below scenario ?

Suppose we have contract with customer to sale goods of Rs 100,000 and freight outward Rs 10000, totaling Rs 110,000 billed. We don't have transportation facility so we gave to third party and freight outward recovered from customer. There is no relation with customer and third party.

In case of Export, when the sales which are exported shall be taken for accounting purpose?
For Example: the sales invoice is raised on 29-03-2017 in USD on US customer. The documents are verified by custom authorities and Bill of Ladding is prepared on 02-04-2017. The goods are actually despatched from the Gujarat custom port to US on 03-04-2017.
On which date the Sales entry should be passed in the books of account?

Dear Sir,

I have a query about Gratuity, i completed 4 years of service in our office, still how many days of service required for me to get eligable for gratuity.

Dear sir
I am new CA article students.
Please tell me how distribute lFollowing loan statement in long term liabilities in current and non current portion in balance sheet as at 31 March 2017.
Long term liabilities :-
1. Current
2. Non current
Month-Year Principal Interest Balance
Feb - 2015 2394 833 100000
Mar - 2015 2414 813 97606
Apr - 2015 2434 793 95192
May - 2015 2454 773 92758
Jun - 2015 2474 753 90304
Jul - 2015 2495 732 87830
Aug - 2015 2516 711 85335
Sep - 2015 2537 690 82819
Oct - 2015 2558 669 80282
Nov - 2015 2579 648 77724
Dec - 2015 2601 626 75145
Jan - 2016 2622 605 72544
Feb - 2016 2644 583 69922
Mar - 2016 2666 561 67278
Apr - 2016 2689 538 64612
May - 2016 2711 516 61923
Jun - 2016 2734 493 59212
Jul - 2016 2756 471 56478
Aug - 2016 2779 448 53722
Sep - 2016 2802 425 50943
Oct - 2016 2826 401 48141
Nov - 2016 2849 378 45315
Dec - 2016 2873 354 42466
Jan - 2017 2897 330 39593
Feb - 2017 2921 306 36696
Mar - 2017 2946 281 33775
Apr - 2017 2970 257 30829
May - 2017 2995 232 27859
Jun - 2017 3020 207 24864
Jul - 2017 3045 182 21844
Aug - 2017 3070 157 18799
Sep - 2017 3096 131 15729
Oct - 2017 3122 105 12633
Nov - 2017 3148 79 9511
Dec - 2017 3174 53 6363
Jan - 2018 3200 27 3189