If a company wants to do business of taking money to make members and organizing quiz for the members and pay them for the correct answers.

Along with this, the company pays the members commission for further making members and continue the membership tree?

Is doing this business valid and if it is what should be the objects mentioned in the MOA?

Please reply.

Dear all,
Under types of accounts, we take any Bank a/c under Personal a/c because bank is an artificial person.But if we categorize cash a/c under Real a/c, why we cannot take Our own bank a/c (where we kept our cash) as real a/c so that we can apply the rule of real a/c (Dr what comes in, Cr what goes off)?

Hi,
Can anyone please tell me what are the Accounting Standards and IFRS applicable to service providers like commission agents?

Thanks in advance

Can u please provide feeded finalcial staetement and trial balance

Sir,

my query is like this.

1) a director/promoter of a private limited company inputs cash into the company's bank account.
2)then a cheque is issued from the company bank account to a insurance company i.e. icici prudential.
3)icici prudential issues a health insurance policy in the director's/promoter's name.

1)to which account head should the director's cash input go to.
2)the bank account is credited, which account is debited

please resolve my query.

regards
vijay

what is the entry of accrued interest in final a/cs...?? is it appear in Balance sheet under assets side?

Respected Sir

As per Income Tax Rule 6DD, Cash payment can be made upto Rs.20000=00 for one transaction if cash pyt exceeds Rs.20000=00 then it will be disallowed.

Is the same rule is applicable to Statutory Body also.

Can you suggest any book to refer Accounts of Statutory Body?

Thanks

Please notify me whether there is any change in pattern or subject matter in Chapter Electricity of IPCC Account group 2 for the Students appearing in November 2013 .
If so, then please Share the link where I can get that update ..

sir how to make accounts subject easier who are fram science background... else how to learn that subject

Can you suggest a best material for quantative aptitude rayhen than ICAI study Material