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

The ITR 4s sugam that 8 % of business. Is this applicable for anyone? or Is it has any more requirement to file this itr?

how to fix photo on ky profike plz tell

SIR,
A MANUFACTURING UNIT IS RUNNING FOR THE LAST SEVERAL YEARS.IT HAS INSTALLED A NEW PLANT AND MACHINERY IN THE SAME PREMISES.
THE PLANT AND MACHINERY IS ON LOAN FROM BANK.
INTEREST CHARGED BY THE BANK FROM THE DATE OF FINANCE TILL THE DATE OF PRODUCTION IS RS. 3.00 LAC
SIR, WHETHER THE AMOUNT OF INTEREST WILL BE CAPITALISED OR WILL BE DEBITED TO PROFIT AND LOSS ACCOUNT
SIR, PLEASE GUIDE ME

Can anyone let me know what are potential equity shares? What does that includes?

my sir told that in trial balance if trade expense is given than it.will appear in PNL account but. in trial balance trade exp n other exp like miscellaneous n all r given than it will appear in trading account can u explain y is.it so

Dear Experts,
I would like to know the accounting treatment of the following transaction :

I have a Creditor i.e, Mr.A which he owe Rs 25,000..I have an debtor Mr.B also which i owe Rs 25,000. I have told Mr B to transfer the money in the account of Mr A..

I would like to know the accounting treatment in my books..??

Pls suggest !!!

My chairman purchased a high end laptop for cash in hongkong. It is now in india office for office use. How can we capitalize it in company books