Hi,

While preparing financial statement, I was confused regarding fees collected and paid, in receipt and payment I have shown fees received and paid, my query is fees revived and fully paid should be shown in income and expenditure or in balance sheet, please help

1. is ppf account safe in any bank including privte banks ?

2..presently which option is better for fix deposits ...banks or post office ?

Kindly provide me the format of company audit report for FY 2016-17.
Also suggest where to make report of Specified Bank notes in report

Kindly mail me :ravikabra74@gmail.com

A company has introduced capital in the form of Land in a partnership firm. If value of the land is rs7000 in company books but invested at a value of rs10000, what will be the entry in company books?. Kindly help me in this issue.

I want to renew the registration of my society in up, but they want financial statement of society for 5 years... So, i want to know that which accounts should i prepapre?? means profit & loss and balalnce sheet or receipt and payment, income & expenditure and bal sheet...
please suggest me which account should i prepare for society??
Society is registered in up only..

is freight paid on purchase of goods is added to the amount of purchases for valuation of stock ??

whether UPS purchased for computer already in the company can be capitalized?
no computer purchase in the current year

Who will be responsible for the TDS deduction on Transport bills in the case of C&F agents who give the transport reimbursement bill.

Dear all if anyone guide me?? while depositing tds I wrongly mentioned assessment year 2017- 18 instead of 2018-19 on tds challan for the month of April 2017,how it can be rectified? and what is the procedure? what is the effect if it is not rectified?

hello Experts,

Can the below mentioned treatment in Balance Sheet is sound for any Proprietorship Business (No tax audit):

Liabilities:

Opening Capital 20,00,000
Add: Current Year profit: 4,00,000
Less: Loss on Sale of Part Business: (3,00,000)
Less: Loss on Sale of Fixed Assets : (20,000)
Less: Drawings : (10,00,000)
__________ 10,80,000

Loss on Sale of Part Business : Assessee has sold his major loss making unit.
Loss of sale of FA : Assessee has also sold some of its depreciable assets at a loss (i.e below its wdv)

Now i need your advice on this, can we show these losses in balance sheet like this ?
As if we treat these losses to be in P & L, the same should ultimately affect the capital, with a Current year net loss.

Thanks & Regards,