i have recd Rs 243595/- & i have to return after 45 days in 2.5. so how to calculate plz help me

What is the treatment for preliminary expense as per the revised Schedule. Is it the same procedure as followed earlier, writing off in future period in equal amount(say for five years}.

I could not get the concept of Higher Relative Capital Method in partnership account..Can any one make me concept clear?

dear sir/Madam


My Name is kumar.i have small doubt regarding adoption of computer programme in accounting?i.e do business holders should adopt computer accounting?if we need maintenance of computer accounts then why?under which act persisting?

Is there any amendment in AS-11.

Please any one post the latest AS-11 link here

Thank u

In FY 2011-12 the company had done a project and received some commission from the Vendor. The Vendor received the amount from the customer.

In the commission received by the company there is Rs.3,20,000 included which is payable to customs.

In Financial year 2011-12 the company has not paid the customs duty. While finalising the accounts even that RS.3,20,000 has been recognised as income for the company.

Provision also not done for the amount payable to the customs.

But in FY 2012-13 the Company has paid that Rs.3,20,000 to customs through bank cheque.

But the receipt was issued in the Vendor name by the customs department.

While finalising the accounts for FY 2012-13 how to treat this amount and how to maintain in books of accounts?

Please help me

Thanks in advance

Sir,
Mine is a proprietorship firm with turnover of approx. one crore per year subject to statutory audit.
Maintaining mercantile system of accounting.
am i required to make provision of payment of monthly rent and salaries before its actual payments.We make payment of rent monthly and make entries of TDS payable etc upon payment only.
Is it an acceptable system of accounting what we follow.
Hope i could make my query specific.
pl advise, as i do my accounting myself and then get it audited,

Regards,
ashok thakker

A booked invoice has subsequently cancelled due to various reasons, for which the TDS paid on due date.
Would like to know the treatment of TDS?

Hi,

I purchased a Bill for Groceries in the Hotel Field. That Bill is including with Auto charges.

Can I take including auto charges or I have to show auto charges seperately.

A company is under construction. it pays ROC fee & Audit fee.
Whether these expense shall be part of capital work in progress or revenue because these are not incidental expenses