Dear Sir/Madam,

I want format for MIS & Budget. I also want some guideline for preparation.

Dear Expert,

We have created a reserve for service tax refund receivable (refund application is due with the govt.). This is required as per our Company global policy. while creating a reserve we debited the expense.

But we got a refund against the above refund receivable. so from a accoutning point of view, should we credit the expense or treat it as other income.

Kindly guide on the above query

Can anybody please help me about how to maintain account of a pathology lab center,(Medical professional). can anybody share any account format in details.

As per Note 8 to Schedule XIV,items costing less than Rs 5000 can be fully depreciated in the year of purchase.
My query is- If a company writes off fully all items costing Rs 15,000 as per its Company policy,will that be a correct practice?

A company has incurred expenses towards replacement of Laptop Screen.
My query is, Can it be Capitalised?. If so why? Is it because it increases life of asset? Then why not Laptop Battery & Internal Harddisk of Laptop's are capitalised?

I had credit card in my past and i'm a defaulter of the same due to non-payment. I have settled 3 cards out of 11 cards but there are still some open.

My salary is Rs. 27,500/- gross salary and working in the current company since 7 months and in previous company since 9 months.

I want personal loan of around 5-6 lacs and no banks are ready to support me at this time. Can anyone please suggest me what should I do in this case. As I want loan for operation.

Your prompt response will be highly appreciated.

Regards,

Purchases 10000
trade discount 1000
cash discount 1000
vat @10% 800
In above case seller calculate after deducting trade discount and cash discount.
Please told, how to pass accounting entry in above case.

Whether the rates at which Import and Export to be recorded will be rate of CBEC or Bank at the date of transaction?

Dear Sir,
If a debt recovery case is filed in the court for the outstandings on account of sale of company products against the defaulting party can we.......

1 ) write off such debt since the debt is more than 5 years and the case is on going.

2)if Yes, will this casue unjust enrichment if we later on receive money from the defaulter against the writeoff debts.

Please advise.

Dear Experts,
I have not booked interest on fixed depoist in last year amt rs1500/-for F.Y 11-12 but at time of filing the IT return we had considered the said amt and paid tax on the same. but in the books of accounts entry has still not entered so please help me experts that how can i show the said last year income during the F.Y 12-13 and tds on interest . how will Jv . Please help me out