Sir, we are in wellness industry . We paid almost 3 crore in branding . So we capitalized as deferred revenue exp. and amortise for last 5 years. We approach bankers for Finance , they told as per rules you can't amortise the same.. you have to book full exps. Sir, we paid as a Renovation on our our new centre, it is on lease for 8 years , so we treated as leasehold premises and amortise for last 5 years.Banker told me that you can't amortise . Kindly explain so we could explain in better way.

Our society paid Rs.9800/- as labour charges for the electrical work for the electricial and helper. for 6 days work. Can I account the same as Labour charges or have to show in Repairs & Maintenance ? Kindly reply.

sir i am fully confused about the treatment of goodwill in case new partner doea nt bring it in cash dk goel suggests that we should debits new partners current a/c and credit old partners capital a/c but t s grehwal suggests that we ahould debit new partners current/capital a/c and credit old partners current /capital a/ c respectively as per fixwd and fluctuating capitals also why dk goel suggeateg to debit new lartners current ac in case of fluxtuating capitls also pls help me

Hello Sir,
Can u Advice for indirect expenses,
when any person go to travelling then also do food exp& hotel exp
how can to entry plz suggest

thanks

A loan worth Rs. 20 crore is now payable in 10 installments worth rs 50 lakh each. The remaining 15 crores are to be written off as liability no longer payable. the first EMi of 50 lakh is payable on 21.03.16, the last being payable on 21.12.16. Should the complete loan be written off in march itself since the settlement has been arrived at or it should be written off proportionately ? Also the bank has said if we do not write off complete 15 crores in march then we will have to pay 6 crores instead of 5. Please suggest the appropriate accounting treatment

In ipcc accounts paper I forgt to tick d question which I attempted...will they check ma paper?? N if yes will they deduct any marks for it??

A society receive a bill as on 29.12.15 for contract services but society make payment as on 10.1.16.Then in such case when tds amt to be deducted either on 29.12.15 or on 10.1.16 and in which quarter this bill come for tds return.Kindly guide me in this matter.

Dear All,
Wanted to know what are the consequences or is there any consequences of not contributing capital as mentioned in Partnership deed. In our case out of three partners, two partners have not invested capital as mentioned in partnership deed.

can i show prepaid salaries in balance sheet as a asset?

suppose we have make payment against voucher on 02.05.2016 and we will receive bill on 5.05.2016 for petrol expenses my question is when we will make entry in system on 2 nd may or 5 th may please suggest answer