While preparing balacesheet of Partner(Indiviual), where to show negative capital balance in partnership firm.
1. To be shown as Negative balance under Capital Account, or
2. Negative balance to be debited in partner capital account.

Pls guide on this query.

ABC mutually aided employes housing ltd is registered under A.P. mutually aided employes housing socities act 1995 in 2007-08finalcial year but from 2007-08 society doesn't have any operations up to 2015-16 and capital of 90000 which it collected is deposited in Xyz coperative society as FD for 12%intrst rate in2007-08 society is following receipt basis for accounting and for 2007-08 and now society shows the value of FD in assets as90000 but actaul value is 160000 so whether it is correct or not! if not what is the corrt treatment up to now society haven't recived intrst from another society for FD

Dear Expert,

can unlisted Limited company show Self generated Intangible Assets in its balance sheet?

Please guide.

Thanks you

i have 10 crore rs which i earned from outside india after completion of 10 years of job.so i want to invest it so that i can avoid tax at best side.... so what i have to do to minimize my tax and to become tax free income

Dear all, One of the newly joined employee doesn't want to the employer to deduct the PF From salary . The employer is bound to deduct as his company is registered under PF act and meet all criteria. The employer wanted to know is there a way out of this . The salary amount is Rs 28000. An earliest reply will be helpful.

Our society purchased Lab Furniture from Chennai. It includes

Fume Cupboard (motorised equipment with exhaust) Rs.142500/-
Wall Table Rs.46,000/-
Island Table with sink- Rs.198500/-

Is this comes under Furniture & Fittings or to group under any other ? Kindly help

Sir, I wanted to know about the accounting traetment of statutory demands raised by the income tax or sales tax department against which an appeal has been filed by the company. As of now as we have a proof of demand being raised shall it be recorded as liability or on the basis of doubt it should be recorded as contingent liability ??

i m auditing a pvt ltd which incurring losses more than its networth. i wants to know any foot notes required in financial statements for this? if yes let me know what to write in foot notes

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Friends

One of our client purchased 20% sharesholding in Partnership. The company has paid Rs.10 lacs to purchase shares in the partnership firm and Rs.5 lacs has paid to the retiring partner as Goodwill.

Total investment from the company is Rs.15 lacs.

How to disclose in the financial statement, whether to disclose Goodwill as intangible asset separately in FS or total investment Rs.15 as investment as AS 13.

Hi,
One of are companies had Rs 2000000 in account on 29th March, however they issued cheque of Rs 2700000 on 31st March. Should i show Bank O/D and if yes where in the balance sheet as per schedule iii companies act 2013. Is there any other way to present if I dont want to show negative bank balance provided all the expense pertains to FY in question.