While i was audit of my client i came to a query that is client has paid in nov 2015 500000 rs. rent for 110th AGM FY- 15-16 held on 1 july 2016. Now query is that rs. 500000 paid toward rent to booked in p&l account in 15-16 or 16-17. Plz support with relevant accounting principle

if any company is constructing a new factory building at another place than what kind of expense consider under that building cost

Dear expert i want to know that as per u/s. 44ad there is no need to maintain books of account but while at the time return file it is necessary to feed 4 items i.e. sundry debtors,creditors,cash and stock but my doubt is if we don't maintains books of account than how we are able to acertain that 4 items? please reply soon

can assessee recieve payment for sale of joint holding immovable property in any of the one account holder account?(joint holders are husband wife)

How to Prepare personal Balance Sheet of Propreitor. Where balance in capital in firm to be shown. Where to show tds and advance tax. whether difference is adjusted in drawing and cash balance or actual balance of drawing or cash can be calculated.

if i put a FD prin amt 5000 int.rate 9% p.a.maturity period 3 years.
so how can i entered 1st year entry, 2nd year entry, and 3rd years entry

at present i practice
Dr. FD , Cr. bank
Dr. Accrued INT (Bal.Sheet) , Cr. Int. (p&l) (Which Reverse in Next Year)
and when matured take actual int. received int. taken in P&L
so we can track Prin.amt fd every time with pysically FDR.

pLease Helap me

Respected experts, I v cleared group 1 in this last attempt & the last date for articleship registration is 30th april. Also I have my mcom regular exams going to be started in this very month.So I am in a great confusion that whether I can register myself now i.e. before exams? Also I have already joined a firm for learning work experience so I am just waiting for my registration in the same firm after getting solution for this query..I M HIGHLY CONFUSED, PLZ HELP ME OUT SO THAT MY CA DEGREE WILL NOT BE AT STAKE..

if we are registered pan in income tax site but when activation link send on email , then account is not activated by open email by us. Now we are required to break the password already entered while reg the ID. Now no guess what the password , even forgot password option is also not working . Now what is the procedure to break the password

In the Blance sheet of a firm , the debt equity ratio is 2:1. The amount of long term sources is Rs 12 lac . what is the amount of thangilble net worth of the firm?
A. Rs 12 lac
B. Rs 8 lac
C. Rs 4 lac
D. Rs 2lac
Answer is given B . Pls explain how it is.

Hi Professionals, I left the job from India and withdrawal my PF and superannuation. It is deposited with interest to my bank account in the same current financial year. Now I am shifted to Singapore, but not NRI for current financial year as I shifted on 20th Oct 2015, i.e. spend 202 days in INDIA. is there will be tax applicable for PF and Superannuation amount? Also my employer registered me with Singapore Government as a tax payer... So for current financial year is it necessary to declare my Singapore Income in IT return?