Trial balance error and it shows difference in opening balance . how can I intercept the particular opening balances.

The company started in 2012 2012-13 accounts not computerized manually maintained.

Inorder to arrive the opening stock entry has created so for current financial year it is showing difference.

Please advice

Regards,
Sankar

I am working in organisation from 1st August , 2013 and my total gross is exceed the exemption limit of Rs. 200000/- but taxable Amount is below exemption limt for the year 2013-14.

Can my Employer deny for issue of Form 16 as TDS is not deducted from salary this year ???

One my client is considering this as a part of inventory. However, I do not agree with the treatment and advised to follow the chain of entries:-
1) FPS scripts receivable a/c Dr
To Duty credit script
( being income recognized)
2) FPS scripts certificates on hand Dr
To FPS scrips receivable
( Being the certificates recd.)
3)Bank/or Imp Duty paid on Machine a/c Dr
To FPS scripts certificates on hand
Please advise whether I am right in my views.
A little detail explanation will be helpful

how get discounting rates ans through excel

how can a loss from illegal business be set off ?

Dear All, pl help me with the formula,, If a peson works for 100 hours, if he gets Rs.10,000, for getting Rs.2500, how many hours he needs to work. ? pl send the reply with formula pl..... (kumar9vk @ yahoo.co.in

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We usually Prepare a Debit Note, when Faulty Goods return by customer and Prepare a Credit Note when we send back the repaired goods to the customer. Whether the above is correct accounting wise? Whether we have to mention separately in Sales Return and Purchase return? Generally what entry has to be passed for the same? Pls. explain with suitable egs.

Company is providing security agency service to various customers. The company raising its invoice of service provided to customer after completion of month services ie. service provide during the month of April is being billed in 1st May and book the revenue in 1st may in account book. However, all the expenses related to the month is being booked in last day of month says 30th April in this case.

The question is come in place at last month of financial year booking where at the end of financial year, company has booked March month expenses itself in March month as per running practice but income is booking in 1st april (Next financial year).

Company want to book the income on 31st march itself so that full income should be charged in P&L against the expenses charged for the period.
March service month bill has been served to client on 1st April date.
Can anyone suggest what accounting entry company supposed be passed. Can the bill value of March service month may debited in “Income accrued but not due” ledger.

our company is newly setup a news channel my query is our employe (news reporter and camea man) Travel the outstation for the purposes of collecting the news and they sent various expenses like petrol, , hotel telephone expense and some time they hire the vehicle also and we are taking all expense under the travelling expense is this correct?

Hi,
I am working in a manufacturing unit as an accountant. The owner has three companies, A B and C. Company A has given loan to company C. I wanted to know whether the entry in the books of A will be showed as unsecured loan to C? and in the books of C will be loans and advances?

Thank You