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Dear Sir / Madam
Can any one please help me in knowing different accounting entries related to Cenvat Accounting under different situations.
Thanks
Mansi
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expenditure incurred in replacing petrol engines fitted in jeeps with diesel engines in view of the old and defective condition of the existing engines and the price variation in petrol as compared to diesel... is it a capital expenditure or a revenue expenditure?
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WHAT IS NIL BALACE SHEET.
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Dear Expert,
1) If i have buy 10000 share of Rs.10/share & same day sold 10000 share of Rs.12/share
what entry coming??
2) if i have buy 10000 share of Rs.10/share & sold after 6 months of Rs.15/share
what entry coming??
3) if i have buy 10000 share of Rs.20/share
& sold after 13 months of Rs.25/share
what entry coming??
This Query has 2 replies
Dear All,
If some one have small scale business ,like building material shop turnover up to 1 CR ,running from 9 month,then what obligation to be fulfil taxation point of views( Saletax,Excise,Imcome Tax ROC,or other taxation,
please advice
Regards
MKM
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one of my client has a transport business of running heavy goods vehicle. He has not prepared balance sheet for 3 years. Now, he wants to regularise the documents by preparing balance sheet for 3 years since he has to obtain a CC from bank.
My query is how do we proceed and make the balance sheet. And what are the parameters the bank considers for granting CC facility
Kindly help me with the same.
Thanx in advance
This Query has 3 replies
if a co. incurs audit fees,roc filing fees of various forms like form 2, 32, annual filing forms, printing and stationery, travelling exp and other general exp before commencement of its operation in a financial year, then what will be its treatment in accounts and as per income tax?
are they preoperative expenses? what will be the treatment in books if they are same?
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dear experts,
i am an accountant for software company the company was incorporated on 13/12/12 and my query is i didn't posted depreciation entries for that i need to calculate the depreciation on assets so how to calculate the depreciation on assets what are the rates are available present now and which system should i follow to charge the depreciation please give me the solution for this problem.
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DEAR SIR,
I HAVE A QUERY REGARDING ELECTRICAL FITTING EXP IN A BUILDING UNDER CONSTRUCTION A/C.
WHAT WILL BE THE HEAD IN TALLY FOR BUILDING UNDER CONSTRUCTION A/C?
WE HAVE MADE PAYMENT BY BANK TO VENDOR,THEN WHAT WILL BE THE JOURNAL ENTRY FOR ELECTRICAL FITTING EXP UNDER BUILDING UNDER CONSTRUCTION A/C?
2. WHAT WILL BE THE TREATMENT FOR MOBILES & FRIDGE PURCHASED IN CASH BY DIRECTOR FOR OFFICE USE UNDER OFFICE EQUIPMENT (FIXED ASSETS)?
PLEASE REPLY AS SOON AS POSSIBLE
SATYA PRAKASH
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Dear Experts,
My query is whether personal guarantee of directors will come under the meaning "Security" for loans borrowed by the Company. Since in revised Schedule VI, the amount of borrowings have to be classified into secured and unsecured.....
In the Guidance note on the revised Schedule issued by ICAI, there is a clause saying that any personal security of promoters, shareholders or third party (such as shares or other assets) cannot become a security for the purpose of classifying loans under secured loans. However it does not talk about personal guarantee, hence my query
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Cenvat accounting