On 31st March, 2012, the Capital Account of Proprietorship Firm showed balance of Rs.20 Lakhs. I want to know whether the Proprietor can Invest Rs.5 Lakhs in business out of Capital Account. Will the said amount of Rs.5 Lakhs be liable to Income Tax?

i am faceing a problem of sundry debtors account this sundry debtors never book in sales account now the problem is this sundry debtors not set off with bed debts a/c any one please suggest me how to set of this debtors

sir, humlog ka do company hai dono company ka alag alag bank account hai agar pehli company mein dusri company sey fund transfer hota hai toh kya tally mein receving dikhaney key liye pehli wali company mein naya bank ledger create karna hoga ??

what is the procedure to claim exemption in cs executive.?I got exemption in 2 subjects.

Do we need to charge VAT on reselling an article if we are registered for VAT?

It is not our regular purchase. We purchased a device on which vat was charged to us and now we want to resell it

Cs executive one module I got in cma-74,tax-64,

please clarify the accout head for following items
Weighing Machine
Clock
Water Purifier (Capital or Revenue)
CCTV Camera With Installation (Cost 6 Lac)
Air Conditoner (Capital Or Rev)
Ceiling Fan (40 Nos)
all the above items use for Club House it comes under Club HOuse (Captial Account)or different account head please advice

Dear Sir/Madam
Schedule II of companies act specifies the useful life of the asset instead of depreciation rates which are used in previous companies acts.
By using the useful life of the asset the act is specifying to depreciate the carried amount over the remaining useful life.
So depreciation amount will be Carried amount / Useful life
So depreciation amount will be equal over the useful life.
Is it means that Companies act impliedly asks only to use SLM method for computing depreciation? Can WDV method of depreciation be used for computing depreciation? If yes, how can that be done?

Case 1 :
If an employee has gone out of india from office and his stay & tickets are reimbursed from the client so do we need to account other expenses also? We are not paying him per diem allowance

Case 2 :
If we are paying per diem allowance to the employee so do we need to book her expenses separately in tally as it will be against per diem which the company is paying? Only entering per diem expense is correct?

Please help

Should interior decoration expenses incurred for office be written off wholly as expenses in the year the expenses are incurred
or should be capitalized and depreciated and if depreciated under which block should they fall