payment of partner salary in case of loss made to partners is compulsory or not. and interest on capital.

please advice me.

In Karnataka,Shall we get input tax credit on purchase of LPG used for manufacturing of food products.?

There is a negative balance(cr balance) as per books of accounts but a (dr balance) positive balance as per bank book. What should be the treatment as per Revised Schedule VI?

Whether expenses incurred for moving goods from one clearing port to another port before reaching to company warehouse shall be added to Landed cost of Goods

Dear Experts Please let me know whether TDS to be deduct on payment to Packers and Movers as bill amount is 27715.00. This packer and movers is under private Ltd.

Say a person has a proprietary business. Naturally he'll have a current account as well as a savings account. If that person has not Incorporated the savings account in his books, but has transferred substantial sum of money from his current to savings account, how will you treat this transaction in his books of accounts?

We have purchase many air-conditioners for office every year. There are many air-conditioners scrap every year. How these has to be shown in Fixed assets when AC is purchase. Whether for every AC purchase separate assets account or all the ACs should be put in one Fixed assets -Air conditioners. How these entry for purchase and scarp should be booked. How this will be shown in Fixed assets register.

How does one treat vat on closing stock in a manufacturing concern for the quarterly return.Is it that you can claim full input vat even if there is a closing stock at the end of the month/quarter.Please revert!

hi respected guys , I have recently cleared bcom and persuing ca ipc recently I have a client who has a kirana store , he wants to do accounting of their business by me , how can I start accounting with various types of inventory there , and how can file final accounts ....

We have 2 firms at 2 place but there one is mine and another is my father's firm. My point is.... IS THERE ANY WAY to transfer My firms capital or profit into My father's firm without any vat queries or loan.