Dear Experts,

I have a CC A/C in Central bank. i have made CC A/C. in Bank O/D A/c. under the head of Loans(Liability side of my BS).
Is that correct as per rule? if correct ,then how it is the different from regular bank a/c.


thanking you

Hi,

Our Company is production of film in that we received bill for food provided to main artist to maintain him by village person let me know in that case TDS is applicable or not if yes let me know % and rule

salary entries with pf/esi/ptax deduction

we know that , dividend is proposed before AGM and declared after AGM , so, will the entry before AGM and before closing books be- p&l a/c Dr.
to proposed dividend
and then next year if declared same then
proposed dividend a/c Dr.
to dividend payable a/c
please answer !

Dear sir, we registred pvt.ltd. Company. Now we want open bank account for company name. Bt i am confuse about signing authority and sefty. avoid froud frm partner.

in company account company deduct tds from employee & job work suppler from previous 2 year but did not paid tax to gov & company already loss from 2 year how i adjust entry to dissallwance

I am in a Travel and Tour Operator Proprietorship. I have done some travel insurance through My supplier. He is IRDAI registered. He is charging Service tax on premium. Can I take credit of the same..??

we don't made any purchase or sale yet.do we need to file return this quarter??

Dear friends and experts
I am going to take incharge of accounts of small concern as a part time job. Their turnover maybe around 50 lakhs per year. Till now they maintain a small register in which payments and receipts are recorded separately. They didnt give importance to accounts and there is a lack of manpower. What my question is after taking in charge of accounts as a part time job, shall i follow cash basis of accounts? If i didnt follow accrual basis of accounts what will be it's impact. It will be helpful for me if anybody gives detail information. Thank you very much in advance

while doing proprietorship accounting saving bank interest credited to bank account shall be treated as other income or shall be credited to proprietors capital account?
If it is considered as other income in computation saving bank interest will get considered twice 1.as part of business income (reflected in profit)" and other source income.
Please guide me.