Hi All.
I have availed CC limit of Rs.100000/- I have utilised the whole amount. I want to know what and how is this presented in the balance sheet.?

Is it going to be presented as Loans and Liabilities or Negative Cash Bank Balance or it should be shown as Current Liabilities.

If only one effect of certain transactions (in terms of debit or credit) has been recorded in the books of accounts .. does it come under single entry system?

1.Loan taken from bank we have to pass journal entry or contra entry?
2.Loan taken from bank Rs.100000/-in that Rs.50000/- paid to bank for loan repayment how to pass the entry in tally ?

sir, i have some problem i.e assume A company taken a loan from bank for land purpose and such land is for investment purpose now tell the treatment of interest on loan will be capitalised or write off??
As per AS 16 Land will not include in Qualifying Assest becz not making any construction on such land ?? can you solve this query plz

Dear Madam/Sir,

A Fixed Asset has been transferred from one Branch to another Branch then in such case:
1. when (date of Tr./date of receiving/date of installation) FA should be capitalized by receiving Branch?

2. Should depreciation be charged during transit period from one Branch to another branch.

Thanks,

"B" taken office on rent from "c"& after "B" sublets to its subsidary co. "A" on same amt of rent , so "A" is directly paid rent to "c" so tell me the Jouranl Entry in the books of "A" & B"with statutory requirments.

1. Whether Interest paid on borrowed bank loan for construction of building to be capitalised or not? If to be capitalised on what basis & what are accounting entries involved?
2. How new & old outstanding expenese to be treated in accounting

TDS on various incomes in AY 2011-2012 was Rs.20110
Against this there was a tax liability of rs.635.
However in AY 11-12 the entry for provision of tax was not passed.As a result the TDS refund for AY 2011-12 continued to stand at Rs.20110

The auditor realised this in AY13-14.

The refund received from bank in Oct 2012 was 20450.
Can the tax provision be recorded now?If yes than how? As an expense?
Would the entry be
Tax (AY 2011-12)Dr 635 {Tax is grouped under expenses}
Bank Dr 20450
To TDS (AY 2011-2012) 20110
To interest on IT Refund 975

Can anyone tell me what all ifrs are applicable for ca final may 2013 attempt...

could u help me regarding the following issue
its urgent pls.suggest me.

1.what date is to be booked as purchase in the books of seller in case of high sea sale.?whether it is on the date of agreement on the stamp paper or on the date of ware house bill of entry if it is issued in the name of high sea sale seller?
2.whether purchase is to be booked for exporters invoice value in dollars or for the sale amount made to high sea sale buyer(ie buyer of high sea sale)in indian rupees?