Dear Sir
Is is correct to show bill discounting facility a company enjoys with bank as contingent liability. Or whether it is a confirmed liability.?

Dear Experts,
In the field of branch accounting maintain book of accounts separately both branch and head office when finalizing the account can we merge these two books and prepare p and l and balance sheet kindly explain sir.

Thanking You

With regards
M Syed Abuthahir

Dear All,

What are the Procedures involved in Dissolution of Partnership Firm (Practically)?

Regards,
Jordan

When provision of Income tax is not done of income year 2010/11 and assessment made in 2012 . Now how should I made adjustment entry. And TDS on audit fee is also deposited in gov. account entry is needed in same condition.

What is the difference betwwen Letter of Credit & Buyer's Credit

A person who opened up ppf account depart country and migrate to other country, can he maintain and deposit to ppf account annual contribution even after he become citizen of other country and having pio status for india?

WHAT IS MEAN BY RA BILLS IN CONSTRUCTION ACCOUNT AND HOW IT IS ACCOUNTED IN BOOKS...??

Hi we are going to increase salary of employees. what we have to consider while making increments of salary. we did performance assessment except it in the terms of finance.

Two parties entered into agreement for construction of the plant. In agreement it was laid a condition that in every RA bill some % will be deducted as Security deposit and this amount will be paid after completion of the plant and its maintenance for period say 5 yrs.The party not paid full amount as submitted as per RA bill and some amount is still showing as Receivable.

1. How we need to show the amount which is deducting like security deposit.Is it show as Security deposit or it should show as Sundry Receivable.

Please guide me on the above issue.

If need to show as Security deposit then is it require to reclassify the accounting entries passed till date.

plz explain this concept