How can pass Entry when Company deduct sum amount from employees wages for Travelling facility Provide by Company?
Exm : Employee(xyz) Wages
Payment Rs. 12000
deduction Rs. - 1500(Esic/Pf /PT etc.)
deduction Rs. -500 (Travelling Charge is COMPANY Income)
Net Payable Rs. =10000

i am a student from nepal. can i do my articleship from nepal? will it be valid if i do my articleship under ca having membership under icai but working in nepal?

pls help me about revised schedule vi applicable for ipcc students.

Sir

During working with Tally 7.2 version, I got the following error

Error

Existing Tally
F:\Tally\Data\0017\Tr01358.500
Size 75904
Position 75904
Chars 128 (done 0)

I had tried for rewrite of particular company, but the same error finds everytime.

Kindly help me for the same to recover the data as it is very important for me.

Prasoon Maheshwari
email : pmahesh_gwl@rediffmail.com
mobile : 9893050921, 8269180803.

what is CARO report how its use???

The closing stock in the previous year's Balance Sheet was misstated. Can it be rectified as a prior period item this year. If not, then how should the Opening Stock be dealt with in the current year's P/L Account?

Thus counter vailing duty also included in value of Assets?

Will the following expenses be allowable to be set off against business income:

1) Expenditure for formalities of increasing Authorized Share Capital.

2) Expenditure for formalities of Director Change.

3) Expenditure for formalities of name change of co.?


Please reply.

A company is providing 2-3% of provision for doubtful debt in past years but estimated that there will be bad debt of 6% on credit sales for the current year. It made a provision accordingly after analyzing the credit worthiness of the customers.whether the company has prepared the financial statement in compliance with
accounting standards? please clearly explain the provisions

Our Company paid, Rs.2.83 crores to state power distribution corporation for supply, errection, service line for a sub station in our company premises for 2400kva power supply, initially we have old substaion having 1200kva capacity which was totally dismantelled and new one was errected.

Now my doubt is, can I treat such expense as Revenue as I am not having any control over such sub station and our payment is for getting additional power for our production and not to build an asset in the form of sub station.

even though we are getting future benefits from such sub station, is it correct to treat it as Revenue expenses