What is the exect difference between Contingent Liabilities and Commitments? Can anybody explain it with proper example....Experts plz help

can a bank overdraft be taken more than the paid up capital of the company..

Dear sir,
I have a query in Tally ERP 9.
I have entered all openning balance of ledgers in correct manner, but in the balance sheet there is showing a difference in openning balance on liabilities side.
What this balance indicates ???
Kindly awaited for your reply!!!

In case of joint bank account , in whose hand bank interest will be taxable and in whose account it will be shown in asset side .

one of our employees who is given salary for this Month Rs. 14500 vide cheque.His actual salary is 13000/m.he has given the company Rs. 1500 back now.how to adjust this cash kindly help.

Good afternoon Experts, I want to know whether my CA has filed our companies Tds return or not.Kindly tell me how can I check that online.

if at the incorporation the share capital is Rs.1,00,000 in cash and preliminary expenses are 45,000. now I will show 100,000 under share capital and 100,000 under cash. then how should I book the preliminary expenses of 45000. how my balance sheet will get tally????

I am a stockiest of cement and I want to sell 1000 bags of cement. Can I take old 500 & 1000 notes as cash payment for depositing in bank account . I don't have old cement stock . I want to sell the same from fresh stock.
please suggest

. I required allowable indirect expenses list for accounting of hospital.

Resp. Sir,

1. We bought ASSET and by oversight have utilized EXCISE full (100%) for OCT 1617 and file ER1.
2. Now we wish to return it 50% passing JV.
3. Please let me know how to pass JV Entry in the books of accounts in NOV 1617

For example:

Dr Cr
???? A/c 100
Excise (Cenvat) A/c 100


Please advise

Regards