In FAQ of ICAI, stores and spares i.e. inventory is always current asset even if it is not to be consumed in normal operating cycle and not to be sold in 12 months from b/s date.

Hello Sir,

This is balaganesan cwa, i am working in construction company, i want to know what is mess expenses, what are the expenses are we considered as mess expenses and what is the difference between mess expenses and canteen expenses, and how we have to consider the this spend for labour and office staffs
Please answer me as soon as possible

Thanks & Regards
S Balaganesan

Is there any RBI guidelines issued for writing off of Doubtful debts??
Is it necessary that the company needs permission of RBI for writing off its doubtful debts for which already provision is made?
Is there any limit till which such permission need not be sought for?

Dear Sir,

My principal is deducting p.t on my stipend.
according to my principal i am getting stipend more than institute slabe, so i am liable to pay p.t.
Please confirm me p.t is applicable or not.

thanks

Accounting entry for grant of gift vouchers for purchase above ,say, Rs 10000. having a particular validity, say 2 monhs.

KINDLY INFORM ME ABOUT RATE OF TDS ON FREIGHT

When we pack the goods to send it to the customer's place and the packing is necessary for it to reach the customer .. Is it primary packing or secondary packing and where would this appear in the final account ?

a private ltd company showing cash balance around 600000/-

what is the way to make this balance as debite to take loan in cash or incrise the sale in cash

but if i incrise the cash sales then vat and service tax get distrurb

so what is the way to make this cash balance as possite

What is the qualification required for sales tax practitioner enrollment as per Tamilnadu VAT?
As per my knowledge B.com is sufficient please guide me

Regards
S.Mahendrakumar

A Company purchased a land together with building for a consideration (say Rs.1 crore).
No separate value allotted to Land & Building in the Sale deed.

How to allocate the cost between land & building for capitalisation in the books of accounts as per AS-10?