Paban Kumar
This Query has 6 replies

This Query has 6 replies

18 December 2016 at 23:36

loss

Why loss is to be shown in balance sheet as asset ? Kindly help me...pls


RAJA P M
This Query has 8 replies

This Query has 8 replies

Dear Experts.,

I have a accounts work for A Proprietors firm in past 5 years. This Assesse's ITR filing one of the Chartered Accountant (FCA). This Assesse get TDS deduction from some Customers for Contract works. The past years TDS amount Rs.235642. These all TDS amounts shown in Balance Sheet under Current Assets like Revenue Authorities. The TDS amount also adjusted/computation in his ITR for every year.

Experts, My Questions/Doubts.,

1. Why these TDS amount shown in Balance Sheet under Revenue Authorities or Current Assets...?
2. What is the rules for maintain TDS amounts in Balance Sheet...?
3. How many year will be follow the TDS amount under Revenue Authorities...?
4. The same rule in Partnership Firm...? or Not...?

Thanks & Regards
P.M. RAJA


Channabasava
This Query has 1 replies

This Query has 1 replies

18 December 2016 at 19:40

journal entry for salary

pass the journal entries in p&l and bank account basic salary hra allowance PF employee PF employer professional tax income tax could you please tell me what Journal entries comes for the above


ahammed hussain
This Query has 2 replies

This Query has 2 replies

18 December 2016 at 18:45

Charity housing woks

The charity housing not completed during the current year, can provide funds for the completion of the remaining works, keeping as a libility in bakance sheet. Charitable trust is allowed for this provision or not. Can anybody answer me sir. Thnx



Anonymous
This Query has 3 replies

This Query has 3 replies

16 December 2016 at 22:25

Introduction of additional capital

Dear Sir,

I have started my own business. i had received cash gift of Rs. 11,100 from parents on Diwali and shown it as capital introduction. I am receiving payment by way of cheque only. Now I wants to introduce additional capital. How can I? My exact point is, if I pass an entry "Cash A/c. Dr. to Capital A/c.", then the question may arise as to from where this cash came?
If i wants to introduce capital through Bank, how can i? i mean, what could be the Journal Entry?

Please advice.



Anonymous
This Query has 3 replies

This Query has 3 replies

16 December 2016 at 11:08

Epf & esi

Dear sir ek F.Y.me employee or employer ka EPF contribution or is par jama hone wala interest ek individual ke accounts me kaha show hoga uski balance sheet me ya I/E account me plz help me


chandan
This Query has 1 replies

This Query has 1 replies

15 December 2016 at 21:05

Income Tax Demand

I had paid Rs. 960 as income tax in F.Y 2014-15.few months back I received a demand notice for 980 from income tax department. I don't understand whay the department has issued such notice to me?? kindly help


chandan
This Query has 3 replies

This Query has 3 replies

15 December 2016 at 13:04

Fixed Assets Sold Out

We had 4 fixed asstes in the balance sheet at the end of 31st march-2016 all valued at approx 8 lac.our company solt out all the 4 assets for Rs. 325000.and such receipt is deposited by company in its bank account.Kindly tell me what treatments are needed to be done in the books of account of the company.Also tell me the status of balance sheet as all the fixed assets of previous year has been sold out


Mahesh.K
This Query has 2 replies

This Query has 2 replies

15 December 2016 at 12:46

Contingent liabilities

1. We got notice from tds ward for defaulting late payment, short payment etc. Should I shown this tds default amount in contingency liability in the audited financial statement?
2. we also got service tax notice for disputes. we now go for appeal. Should I shown this amount as contingency liability or not?


sudip jain
This Query has 3 replies

This Query has 3 replies

15 December 2016 at 00:09

business Loan repayments

sir maine apane business ke liye truck Kharida uski instalment per month De raha hoon to kya installment mere p&l account mein debit honge yaa phir mere Capital accounts se debit honge






CCI Pro



Answer Query

Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details