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Hi, what is the meaning of present obligation and possible obligation in relation with contingent liability and provision?
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Dear Experts
One of our client is failed to pay and booked the expenses/Provision of their Water and sewrage bill for last two financial years.
Bill is as under:
01.12.12 to 31.05.13= 9605/- Rs.
Includes previous balance of Rs. 7605/- for previous two F.Years
Please suggest whether 7605/- should be shown as "Prior Period Expenses" or not??
Thanks In advance
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Sir,
I want to know the treatment of preliminary expenditure (misc exps to the extent not written off) in revised schedule vi format ?
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sir i am a private medical practitioner. annual turnover about 30 laces(including dispensing medicines ).i want to know ;
1.should i maintain account books for clinic?
if yes what types of ac books should i maintain.?
2. somebody told me that accounts maintain is not necessary up to 1 crore turnover.
please clarify.
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interest paid for the late payment of TDS, and interest is paid on 31/05/2013, whether it is shown in account as Provision for interest on TDS is Payable.
This Query has 1 replies
are there any changes in adavmced management account for ca-final 2015 attempt
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What Is the Last Date of Submission Of Monthly Stock Statement???
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A company spends 2Lacs on its name Board affixed above the entrance of Building is categorised an asset under which Account Head.
Kindly resolve ASAP.
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Sir,
If i purchased 10 chairs costing each 3000/- and invoice raised for 30000/-. so in current year what is depreciation amount that i can claim?
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Hi,,
ours is start up company we have 5 staffs and each staffs salary comes around 5 to 6 lkhs
please advise how can make salary structure
Eg Mr A Salary is 566400 p/a
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Contingent liability and provision