should the curtain n fabrics be shown as Furniture n fixtures???
accordingly can we claim depreciation on that as well as per IT Act.??

or else it should be written off as revenue exps. in current year.
(Rs. 50,000) expected life 3 to 4 years.

Equity shares investments made by public company in its subsidiary as on 31.03.2016 amount of such investments will be paid with in 31st March -16 but at per ROC records shares title not yet transfer as on 31.03.2016 now the question arise such item of investment company whether it shown as a loans and advances or investment in subsidiary.

Please clarity with support to company and other concern allied laws.

Dear Sir,
Please tell me what ratio and other points to be considered for preaparing a balancesheet for propietor business for laon of Rs .1000000

There were losses in previous year but co. did not make DTA because it was not satisfying VCCE limits . Now in current year also , there are losses .So we can not setoff earlier losses. But now VCCE satisfies. So my question is - can we make DTA for both the years in current year ?  What will be the treatment in P/L ?  Is there any prior period adjustment ?  Please do solve my query.

Hi,
I m in a problem to account a transaction. The transaction is.
We paid some amount cash to some people to gets the contract for our bussiness revenue.
So please tell me how can records thease transactions

we are a Pepsi distubutor. we have purchase 100 no. of Pepsi bottle from Pepsi company as 1000/ (100*10). BUT WE HAVE TO Receivable salary exp 200/ from Pepsi company, but pros i company invoice is 1000-200(Discount)=800.we have to account salary expenses.what is entry

purchase of wall clock amount 2400 for office use is a capital expenditure or revenue expenditure

Do professionals (CA/CS) are allowed to maintain accounts on receipt Basis even if they are under Tax Audit? Is it ok if they pay Service Tax on receipt basis?

At the year end how to pass closing stock entry in book of accounts

Dear sir,

I have question. Client engage in Real estate Property in USA. he collects the deposits from the tenants
Now client has purchased the property from Previous Owner where security deposit credit received from previous owner by Journal Entry
Now client has also given credit of Security Deposits to Tenants. So Account get settled. Tenant ledger is also zero. but client has also created Liability Charge while applying the credit to Tenant and That liability( Security Deposits) account needs to be squared up.so how to close liability account to avoid Tax Liability?what is accounting treatment of this transaction?