Respected experts,

I want to know about the points which are consider for attention in the audit and account of the contractor partnership firm....

Please tell me which points should be notes and get to mind for accounting of contractor and also for audit....

Thanx.....

We had applied for drug licence in Chhattisgarh.

The licence has being issued to Jai Medical (Trade Name which we wanted)and it says issued to Directors of MPR Healthcare Pvt limited.

How should I get the bill book printed as licence is issued to Jai Medical but company is MPR Healthcare.

Also TIN, Gumasta should be in the name of Jai Medicals or MPR Healthcare.

Await a feedback and thanks in advance.

Loan availed 50 million payable after 10 years at 0 % interst rate. What would be the accounting treatment if i book my liability at its present value lets say 40 million . kindly guide me in the line of IAS 39. What would be overall treatment in the first year, and for the next 10 years. Kindly provide immediate guidance

Dear sir,
What should be minimum no of employees in the company to get the Provident fund facilities?

Dear sir
Please tell me about what are the accounting for FD in bank if Interest are compounded and TDS is deducted by bank on interest.interest are not received but the value of FD is increase by the interest value.
Tell the entries for TDS

how to account a option which will expire after balance sheet date as off balance sheet date.? option is not traded

Dear Expert,

I want to know that whether there is any criteria to divide whole salary into Basic/HRA/other various allowance etc.

for ex: if Mr. X gets 10000/- as whole salary so how can i divide that 10000/- under Basic/HRA/Other allowances etc.

is there any % wise distribution???

Please tell me the way which is more beneficial for the Employees under Income tax Act.

Waiting for your valuable response......

Thanking you.

Please suggest a company decucted penelty from cerditors and recorded as a income in a currnt financial year , further in a next financial year a official order passed such penelt to be paid my question is when i paid penelty can i debited above credited income head in next financial year

Our company offer customers discount rate in USD currency Invoices

Client just reduce the sum from Invoice and make the USD Payment

But our account must match with total Export
How can we explain this to the bank

Sir i have doubt, what is the logic behind considering direct cost to calculate gross profit and at what situation considering of direct cost is irrelevant..