Accounts QnA [Resolved]

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Anonymous

This Query has 1 replies

14 April 2014 at 11:02

Balance sheet

Is Cash Credit Facility from banks for working capital a part of current liabilities?

In the old schd VI it was shown under the head Secured Loans but in the revised Schd VI it has been covered under Current Liabilities .

By taking the Cash Credit in Current Liabilities, it adversely effects to derive the net working capital (Current Assets-Current Liabilities.)

pl clear the status at the earliest.

thanking you

Shivani

This Query has 7 replies

13 April 2014 at 14:33

Direct indirect expenses

Dear Experts

Repairs to Machinery
Depreciation on Machinery
Machinery Running Expenses like oil etc.

Are above direct or indirect expenses?

Why?

shivani
shivaniadream@gmail.com

Shekar R Nandiboina

This Query has 1 replies

13 April 2014 at 12:29

Quarry in financial

hii friends my name is Shekar N I m working shriram finance I have one query in financial pls guyed me on of my client in ITR there are in the loss in asst year 2010-11 gross n net profit is on loss of 20.10lacs.still he is showing loss in books but turnover increased in every year it is possible.this year customer booked sales in 1.74cr the net profit is 2lacs n the gross profit is 3.85 lacs now he is applying businesses loan for us

ankit

This Query has 3 replies

12 April 2014 at 22:38

Tds on salary %

tds on salary ..

AVINASH AWASTHI

This Query has 1 replies

12 April 2014 at 07:24

Ct 1 2 3

what is the difference in CT-1 CT 2 AND CT 3 IN CENTRAL EXCISE

dbmnaidu

This Query has 3 replies

11 April 2014 at 18:44

Depreciation

depreciation entries

Anonymous

This Query has 4 replies

11 April 2014 at 17:32

How to calculate rate of interest in overdraft account

We have bank overdraft account against our FD. Suppose bank charged 9.7% p.a interest. and debited it monthly. How can we calculate the rate of intersest /day.

bishal

This Query has 1 replies

11 April 2014 at 11:45

Insurance premium

what is entry in book of account for the insurance premium paid Rs 8700 ( Rs 7948 + 742 service tax )for the period 14 april 2014 to 15 april 2015?

sakshi

This Query has 1 replies

10 April 2014 at 21:14

Applicability of companies act2013

My attempt is november 14. is companies act 2013 is applicable for nov 14 or not?

Anonymous

This Query has 3 replies

10 April 2014 at 17:30

Regarding conveyance reimbursement to retainer

Dear Sirs,

We are obtaining services from a professional by paying a retainer ship fees.
He is asking to reimburse his conveyance expenses separately kindly guide me can we do same.