Ramesh and suresh are partners sharing profits in the ratio of 2:1 (ramesh capital is Rs.1,02,000 and Suresh capital is Rs.73,000). They admitted mahesh & agreed to give him 1/5 in share. He brings Rs.14,000 as his share of goodwill . He agreed to contribute capital in profit sharing ratio. How much capital will be brought by incoming partner ?

Dear Sir/mam Karta of huf transfered his property in huf without consideration my query clubbing provision is applicable in the hands of Karta plz suggest how we can save from tax liability of karta

Dear sir,
Our company purchased one disel generater and some expenses incurred towards transportation & installation. There was no qotation or work order for the same. Can I book the expenses as capital expenses ?.

Can i put Hardisk & Ram purchased under "Printing & Stationery head?

Also what will be the effect of tds intimation which we receive?

as a statutory audtor how would you deal with the followng
abc ltd commenced construction of a flyover in mumbai in jan 2004 under BOLT scheme .
The same was completed in Feb 2005. Due to sesonal heavy rans in july 2004 n the area,the work on the flyover had to be suspended for 1 month. The company suspended the borrrowing cost of Rs 12.50 lakhs for that month from capitalisaton.

as a statutory auditor of a public ltd company how would you deal with the following

the comapny had subscrbed to shares of associate companes amountng to rs 5 crores.thes associate companies have incurred substantial loses and have been referred to BIFR for being declared as sick companies. The company does not want to make any provson to the fall in value of investments?

what is the meant by deffered tax asset and deffered tax liability and what is the difference between them? please suggest me thanks in advance.

what is the liability in service tax for security service receiver under reverse mechanism

Dear Sir

what is the difference between single and double entry system ?

which is better to handle account?

pls let me know?

IS PURCHASE ACCOUNT IS PERSONAL OR NOMINAL ACCOUNT IN MY KNOWLEDGE PURCHASE REPRESENT THOSE GOODS WHICH ARE FOR RESALE PURPOSE SO I
TREAT IT AS A REAL ACCOUNT IS IT TRUE...