we have imported raw material from USA. while recording it in books of accounts, what should be date of purchase :-
1. date on Purchase Invoice or
2. date on which we received material at factory

dear all,
i am working an accountant in a firm and getting part time from others also, i want to open my own counsultancy. so any registration is required. i wnat to do it in rajasthan as a sole propriter.
thanks

Dear Sir,

I am swapnil. i want to know about cash flow & Fund flow in practical business and there importance

Dear Sir,
I am swapnil here. I want to know concept of Account payable & Account Receivable & the process of account payable & Account receivable

What is deffrance between Bank Cash Credit Limit & Bank Open Cash Credit Limit,
Can one company avail this both limit at time

If A buy the Bike in Fy 11-12 with borrowing bank loan but he was not liable to file to IT Return for the same year. But in FY 12-13 he is liable to file IT Return.

Buying Cost is Rs 50,000/- in FY 11-12. So which Opening balance I have to considered for Accounting for Return.

Shall I considered the Depreciation as per provision of IT for FY 11-12.

As per my knowledge if A buy the bike after Sep-11 then its depreciation will 50000*15%/2 i.e. 3750/-.

Kindly suggest whether it fine or not?

Sir,
I have received purchase invoice from my party it show Transportation charges, I want to know which account head like (Purchase A/c or indirect expense or any other) Transportation charges, Freight or Forwarding charges and Cartage to be take in Tally for accounting purpose.
Waiting for reply.
Thanks,
Pravin.

if a private limited company with rs 10 lakh is started and all the money is given as loan. so will that be called a loan company and nbfc provisions will apply or its just a private limited company

if the tds certificate which was received by us is lost or damaged what is its alternative way to find the same

Hi, what is the meaning of present obligation and possible obligation in relation with contingent liability and provision?