Best self-study book for basics or fundamentals in accounts
Dear CA club members,
I am a CA-IPCC student, appearing for Nov 2013 exam for both groups.
I am aspiring to proficient in accounts, as Accounting is a subject which is highly demanded in a profession of CA.
On contrary I am not well versed in the subject of accounting, (even lacking in basics) I am seeking guidance from all CA club members to help me by suggesting , to self-learn all basics of accounting.
I request all of you to suggest me with the best book for:
Self-learning, also be proficient on: Basics/fundamentals of accounting.
Which could form a foundation for IPCC accounts and advance accounting. Also endeavouring to gain good marks in above mentioned subjects of IPCC
Which could include all basic and even minute details. With full of examples or illustrations.
I humbly thank all CA club members in advance. Have a great day.

hello friends,
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Hello Experts,
My Query is,
A company has obtained car loan from NBFC, so is TDS applicable on the interest paid on such loan? This NBFC is subsidiary of a Banking Company.
if yes, then what should be the accounting treatment and disclosure requirement??
the installment is paid through ECS so company is not deducting TDS on interest but same is paid to Govt out of its pocket and later it will recover from NBFC, so such TDS paid, where to be shown in Revised Schedule XI??
Thanks in Advance

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Hi,

Some one kindly send me template (format) for Trading, P&L account and Balance sheet in excel or pdf format (which should list all the items appearing).

Email : bjayaprakashshetty@gmail.com

Thanks in advance...

Regards,
Jayaprakash B

We have incurred processing fees for Term Loan, Bank Charges, Travelling & Conv. Subscription & Donation etc. and entered these in Preoperative Expenses in 2013. Our project is not yet completed.Commercial Production to be started in July,2013.Our Civil construction cost, Deep tubewell cost, Furniture is kept under Capital WIP in balance sheet in 2013, Can we capitalise those Preoperative Exp with Capital WIP proportionately in 2013 Balance Sheet? or should we capitalise those Preoperative Exp after commencement of commercial Production in 2014 Balance Sheet?

Respected Sir,
kindly request to you explain how maintain petty cash in tally & excel sheet, question 1. if i give xyz to 5000 for petty expense & xyz give bills to accounts for 4000 then how much entries passed in tally & how many column in excel sheet,

question 2. if i give xyz to 5000 for petty cash, xyz give bills to accounts 8000 then how much entries passed in tally, my e-mail id is nitinverma850@gmail.com


Regards : Nitin Verma

Respected Sir,
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