Hi,
I am working with IT company in India and we are raising domestic service invoice as well as export service invoice. while raising export service invoice in foreign currency, based on the RBI website reference rate on same date of invoice, i am accounting in indian rupee value in tally. while receiving the payment, excess or short also accounting as Exchange fluctuation in P & L. Is it correct ? or any other accounting method to be followed. please clarify and suggest.

Sir,

Whether Printing and Stationary Expenses related to Raid cases charge to Legal Expenses.

Dear sir,
how & where to account this disallowed expenses in under income tax act ex.
1.penalty paid to vat office
2.Bank Opening balance difference
3.cash payment 20000 above

i want to know at what ratio service tax is charge as in case of recruitment,taxi etc i want full chart of all this

Dear sir,
there is a huge balances of the advances collected from the patients and which is unadjusted for a long period in the balance sheet.


What is the treatment to be done for old advances recived in the books.

with regards,

R. Gurucharan.

On of my client places an order for Machinery when USD rate was INR48.
Payment terms were 30% after receipt of proforma invoice, 60% after 2 months and remaining 10% when Container is unloaded in India.
My client made payments accordingly and the rate increased at each of the payment compared to INR 48 = USD 1.
I know that after 31.3.2011, any kind of Foreign exchange loss in debited to P&L A/c. by Foreign Exchange Translation Loss.
But, here the commercial invoice is not received by my client when he made payments and he got possession of machinery only after he made all the payment.
Does he need to recognize the loss in P&L A/c. or he can add to the Fixed Assets cost of the Machinery?

Thank you in advance..

When accounting standards are applicable to companies ??

Dear all,

I have a query i am newly joined a company and i have to submit monthly debtors sheet in bank so pls help me and give me excel format.

Regards

Abadh kishor

company act 2013 ...means act n books .... kab tk market m aajayegi...

do students who have finished cs executive will be exempted from cpt ?