Hi, I want to know that when we recorded the credit card statements in tally, we recorded the credit card under the head of current liability ... so i why credit card is recorded under the head of current liability not under the head of bank ???? kindly reply...

what is value addition after completing certification in IFRS in my CA career? It will explore global opportunities for me..??

I registered for CA under direct entry scheme and I will complete ITT and Orientation in the month October 10th 2015 ........ Can I register for Articleship on 11th October 2015 or if I want to wait till the ICAI issue ITT certificate?? Please Suggest me.....

I Have received goods from buyer through Transport but some goods are damage and and some are short so Buyer assure me they pay the damage cost without alteration the invoice. nd now he paid me damage cost cheque.How can i Account for in books.If i allready paid invoice amount.

A prop. has withdrawal cash from his saving account for purchase of Materials for construction of his house.

How he will account for such withdrawal in his audited account as cash balance is coming more...

Can he debit the same withdrawal in Construction account and the same can be transferred to Plot(Fixed Assets)...

Kindly help...???

what is the last date of finalisation of balance sheet from someone i had heard that for audit companies it is 30th september and for firms other than audit it is 31st august is it true
please tell me at my email.id
it is ankitgola301093@gmail.com or 9899388913

What should be the accounting treatment of Gratuity. and leave encashment Both Current and Non - Current Liability will be booked as per actuarial certification??

Dear sir,
we have purchase pots/utensil item for bakery shop and utensil item life is lump - sum 6 to 8 month so i want know this item will be fixed assets or not then why? please guide me.

Thanks & Regards,

Pradeep Kumar

how to do cash flow analysis for loss company. its patnership firm (service)

Dear Sir,

I am working in a Manufacturing concern of readymade Garments, which sales on SOR (Sale or Return Basis) to MBO's(Multi Brand Outlates.
And after selling these readymade garments we offer Discount on Schemes (Like 50% Off on MRP).

We raised invoices on Full value as we are unable on the date on issuing Invoice, the exact value of such type of Discount.

Please advice me how to account this Discount in our books of Accounts, like a Trading Part or P & L Part in the final accounts.


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