sir i m a student of ca final plz guide me study tips for theroy subject like audit and law ... plz guide..

Dear sir,

I have to book the expenses pertaining to site.
Intially i have given site advance of Rs. 100. When i give an advance. The journal entry is
Site Advance A/c Dr. 100
To Bank A/c 100

subsequently i have to book the expenses of the site in the books.

Expenses A/c Dr. 25
To Site Advance A/c 25

Is it correct?

thanks
with regards,

R. Gurucharan.

The following is the query:-
There is a loan transaction between two NRIs in SGD (Singapore $) but the repayment is made and accepted in INR in their respective bank accounts in India. The Loan transaction never appeared in the books of accounts in India but since the repayment is in INR how to reflect the same in the books of accounts of the lender? Request the experts to give your opinion on the above matter.

dear sir,
i am maintaining the accounts of chocolates & flower company here we decorate the item according to customer requirement (Our expenses are tape,wire,gum Etc..)to prepare & the decorate this expenses are done.this expenses are direct expenses or indirect expenses other wise it this added as item.same like in manufacturing company

thank u for Your reply

I'm working in a 5 Year old partnership firm. for the past years they entered the transactions informally in Excel sheets. Roughly estimated the profit and losses and shared as per the ratio. Last month i have joined as a financial analyst in this company. Really worried about this accounting system. Now i don't know how to continue this system. Please give me an idea ... how can i develop the partnership accounts system?

CESTAT has set aside the order of demand 85 laca and asked to predeposit 10 lacs and remanded case back to adjuticating authority.

can we have to disclose contingent liabilty.
Note..currently 85 lacs has been disclosed as contingent liablity in notes to accounts

Dear Sir
A Pvt. Ltd.Co.(x) raised a bill as under
1.CLEARING & FORWARDING CHARGES
2.AGENCY CHARGES
3.FREIGHT INWARDS

i have deduct TDS On agency charges only.. It's labile for Clearing & forwarding charges and freight inwards charges please advice me

regards
Prashant T
Accountant

Is closing stock of excisable goods can be valued under section 4A of excise act 1944 insted of accounting standard 2(AS-2)?

plz advise me in which head domain charges should be debited ?

i dont understand the concept of poor selling line please help me