Resp. Sir,

1. In Partnership firm whether IT paid during the finance year (Self Assessment of Previous F.Y)
to be transfer to Partners capital account before Finalizing a Balance Sheet.

2. In Partnership firm whether IT refund received form IT department to be transfer to Partners capital
account before Finalizing a Balance Sheet.

Please guide/ advise.

Regards

Can any one let me know why deferred tax on land to be created.
We neither depreciate the same or going to sell in near future.
Please give a light on this under US GAAP and IND As.

Dear Sir,
What is CDR and CMS in Banking and how to pass journal entry in the company book.

Please advise

Dear Experts

What includes in Finance Cost, whether Bank Charges includes finance cost which requires to be added to P & L as Non Cash Items ?

Well, I came across this que in a interview.. written test.. the question was as below :

"Outstanding in Account - Is it a Liability or Asset"

Can anyone brief me the ans .?

Our Company Purchase a machinery from Gujrat. Machine Cost 12000.00 Ex Duty12.5% 1500.00 Cst2%. 270.00 Total 13770.00 And our Company Reg in Service tax and take Input Credit of Excise Duty paid on the machinery at the time of purchase against the service Tax charge by our company while providing Job Work service . So what Entry Will Pass for the Purchase Bill of machinery . with keep in mind CST 2% And Excise Duty

important AS for CA finals

I am a tour & Travel agent . I take money from clients and book the tickets & package out of the money received I n between i earn my commission.

How would I show my sales in my books. It will be shown as gross sales or only net commission. I book travel packages fpr my clients.
Thanks
in advance

If employee purchase a Telephone connection of his name for company work and company pay directly to vendor(Tata DoCoMo,Airtel,Vodafone) etc. Can some one let me there is any doubt in accounting. Please Suggest

Hii , what is method to be followed if a company took over all the assets other than goodwill of the transferor company