does sales invoice could be issued to creditors or no?

I am a ca ipcc student and got a project of creating a pvt ltd company through my sources. I wanted to know can I construct the company on my own or professional help of a ca or cs is compulsory as I already know all the provision and requirements of same thanxs for your replys

Hi All

can anyone help me out what is the entry for Round off

Example 1

Debtors pay less Rs.2/- what is the journal entry to adjust it.

Example 2

Advance payment done Rs.1800.92/- paise but the creditor sent goods for Rs.1800/- what is the adjustment entry for Paise 0.92

Round off comes under which head it is a indirect expense or indirect income


Thanking you

If a company purchases Movable Security Cabins (Container Cabins) for its construction site, whether that cabin is classified as Building or furniture & fixtures ?(Urgent)

Dear all pls help me about this. Ques.

A of surat consings goods to b of jaipur to be sold at or above invoice price . B is entiteled to gat a commision of 8%on sales at invoice price plus 25%-f any surplus realized .b accepted a bill of exchange drawn byA amounting to 50%of the invoice price.

In the year 2010 goods consigened by A were invoiced at rs250000.these goods cost to A rs 200000 inculuding freight .sales made by B during the yera amounted to rs 235000 at the end of the year goods unsold with B represented an invoice value of rs 60000. During the year A had recived fromB RS 40000 BY BANK DRAFT,certein remittances being in transit on 31dec 2010 prpare ledger in the book of both the parties . Also show how thw consigntement stock will appear in the balnce sheet.

Sir,
i did Frankig of agreement of Rs.27,500/- in cash. will i get the Cash benifit in Income Tax Returned or it will be Dis allowed?
Pl Reply its urgent.
Thanks

kindly enlighten me with the term industrial training as this is just a word because we just cant find anything regarding CA industrial training except that it is done only in the last 9 -12 months of your articleship period . as per icai norms. but what after that .. where are the industries? see icai website .......... i know so only serious replies please. thanks ......

what are the bank account types

If there is increment in salary at what proportion amt should be increased in basic salary

please clarify

Can misc. expenditure be deducted from Reserves & surplus since it is deducted while calculating Shareholders' fund? If No, then where to treat it? Plz help.