Dear Sir,

Whether stand by equipment which is ready to use but not in use can be capitalized under Ind AS 16 or not.

Is there any requirement of writing a note in notes to financial statements with respect to Revaluation of assets in the years subsequent to revaluation ? If Yes, what is the note to be written ?

In the b/s of march 16 an autosweep a/c was not shown but during the p.y 16-17 its closure are received and interest is also received during the year and tds is also deducted on it.
Plz tell me how its accounting would be done now??
M not having the previous year data.

Transmission amount received in tally under which Head?

MY DJB BILL 5000/-, At the time of expense booking i booked below entry. Please tell me is it ok or not and how to treat with DJB A/C

Please reply fast

water expenses --dr
water expenses payable --cr

If i have sold an asset during the year 2015-16. Then while preparing Depreciation chart for Balance Sheet for the year 2016-17 purpose whether to show Gross Value and Accumulated Depreciation of such asset?Ultimately showing nil value of such asset just asking way of presentation

Dear Sir/Madam,

we are paying monthly rent 50400/- & Invoice amount on Rent is 55,000/-(Including Service Tax),we are deducting TDS 4800/-,Basic Amount 48000/- & Service Tax 7500/- how can i pass journal entry in Tally.

Dear All, I want to minimize petty cash balance without bills. Can anyone suggest how it will happen.

abc Co.
Insurance A.c
2014-15
Date Particulars Debit credit
1. 4.14 Prepaid Insurance 18600/-
22.5.14 Bank 3755/-
18.7.14 Bank 17405/-
10.9.14 Bank 3442/-
8.12.14 Bank 1011/-
5.1.14 Bank 658/-
24.3.15 Bank 16680/-
-------------------------------------------------
31.3.15 Prepaid Insurance --- 23600/-
-------------------------------------------------------------------
61551/- 23600/-
--------------------------------------------------------------------
Closing bal 37951/-
2015-16

1.4.2015 Prepaid Insurance 23600/-
16.5.15 Bank 4108/-
13.7.15 Bank 13299/-
21.9.15 Bank 4169/-
4.3.16 Bank 1088/-
18.3.16 Bank 16966/-
31.3.16 Prepaid Insurance ----- 23590/-
closing Bal 40386/-
2016-17
1.4.2016 Prepaid Insurance 23590/-
9.5.16 Bank 4372/-
27.6.16 Bank 12041/-
8.9.16 Bank 4315/-
12.12.16 Bank 1035/-
6.1.17 Bank 832/-
9.3.17 Bank 1093/-
24.3.17 Bank 7169/-
24.3.17 Bank 7113/-
Please Calcution Detail
Prepaid Insurance Calcualtion in Prepaid Insurance 14-15 23600/- 15-16 23590/- 2016-17 Please Detial In Prepaid Insurance Calculation

Sir,
ABC Co .
Insurance a/c
01.4.2016 To 31.03.2017
Date Particulars Debit Credit

1.4.2016 Prepaid Insurance 19,860/-
9.5.2016 Bank 1.894/-
21.11.2016 Bank 8,278/-
13.2.2017 Bank 3.746/-
24.3.2017 Bank 546/-
24.3.2017 Bank 4,649/-
---------------------------------------------------------
Total---------------------------------------- 38,973/-
Please Prepaid Insuranc Calculation Detail