Dear Sir,


Kindly reply for the below query:-


I have to prepare balance sheet of a partner ship firm. There was no sale ( no business) during the year 2012-13. It has fixed assets. I understand depreciation will not be allowed by tax authority. Is it correct? If yes will I have to book depreciation ( based on IT rate as it is non corporate assessee) in balance sheet and to disallowed in computation of income.

How to Make Salary Entry (Which Covered Professional Tax, PF, ESIC ) at one time to differnet legders?
Plase explain with Accounting Heads.

IF a firm has branches, what entries should be passed in Head office A/c to take effect or branch A/c. How Branch stock would be merged in Head office? Please help.

Hey all,

What would be the accounting entries normally passed if salary is not directly credited and debited to the respective employee's a/c- that is bulk salary due and payment entries for all employees?

how apply for account technician course after B.Com.

Will TDS be liable to be deducted on payment for advertisement exp. to Pensa Media Solutions Pvt. Ltd which has been an Authorized Google AdWords Agency in India since January 2011?

Please reply.

Hi Sir,
whether it is taxable if company provide a gifts to their employees and if so on which head should deduct the tax.

What is the meaning of Increase/Decrease in Stock in trade and work in progress and finished goods.

Can anybody tell me about website which gives relationship of doller n Rupee from year 2007 to till date.
I wanted to know doller rate in year 2007/2008/2009

Advance giving for advertisement expenses if it is current asset or we can enter normal expenses please give a complete entry for this

Thanking You

M Syed Abuthahir

Accountant