scenario: accrued income accounted in last financial year. invoiced in current financial year and cash receipt also in current financial year. income recognized in last year because it rendered last year. the entries passed are 31st last year accrued income to income this year invoicing party ac Dr to income Bank ac Dr to party Iam planning to reverse the entry made last year to correct the financial statement, by reversal income become zero and accrued income in BS aslo become zero. is this accounting treatment is right is there any alternative treatment with out reversal

Dear Sir/Madam kindly advise me where we have accounted of fan purchase under fixed assets. many thanks in advance

What is balance sheet reconcillation ?

i pay to broker behalf on sale. than hkw to entry ? and where can i entry in accounting software ? payment or journal ? thanks in advance. ..

when i entry sale invoice in tally , it shows both in inwords and outwords and closing stock for this reason comes zero..plz kindly solve my problem.

Dear Experts,

Please explain the treatment of Fixed assets write off in companies act 2013 and Income tax act in below situation:

1: Fixed Assets write off WDV is zero
2: Fixed Assets write off with WDV value Rs.160000/-

(Salvage value is zero)

Sir,

Is there any format for fixed asset numbering to make a fixed asset register.
How will we categorize FA in to P&M, F&F, Computer accessories, Etc.
If you have any excel format plz send me.

Please send cash gift deed format

Hi,

this is to request you to please help me on posting entry of Labour welfare fund deduction from employees ( yearly ones).

how to accounting this cost in books.

Section 129(3) Reads that Where a company has one or More subsidiaries, it shall, in addition to SFS, prepare a Consolidated FS and of all subsidiaries in the same form and manner as that of its on which shell also be laid before AGM of the company along with the laying of its statement under subsection 2 provided that the company shall also attached along with its financial statement a separate statement containing the salient features of the financial statement of its subsidiary for subsidiaries in such form as may be prescribed provided for that that the central government may provide for the consolidation of accounts in such manner as may be prescribed explanation for the purpose of this subsection the word subsidiary include associate company and joint venture rule number 6 of the companies accounts rules 2014 provides that the consolidation of financial statement of company shall we made in accordance with the provision of schedule III of the act and the applicable accounting standards provided that in case of a company covered under sub section 3 of section 129 which is not required to prepare consolidated financial statements under the accounting standards it shall be sufficient sufficient if the company complies with provisions on the consolidated financial statement provided in schedule III of the act for the provision inter alia provides that nothing in this rule shall apply in respect of consolidation of financial statement by a company having subsidiary of subsidiaries incorporated outside India only for the financial year commencing on or after 1st April 2014 Now my doubt is that 1) to ensure that what constitutes subsidiary what constitutes joint venture and what constitutes associate should I accept the veiw provided by accounting standard are you provided by companies act 2) if I have only associate company or only joint venture company do I required to prepare consolidated financial statement