DEARS

Kindly explain with entries for following eg.

If A company make cash sales, that cash deposited in company B a/c. In this case company A shows cash balance Dr. But in company cash balance show cr.

Explain how to reconcile

If Non-current Liabilty ,Non -current Asstes balance is 0, than is Mandatory to disclose the amount on the face of Balance Sheet ,as per Revised Schedule VI. Its Urgent

what will be the accounting entry for the tds to be deducted on advance payment?

Thanx Aayush,

But here it is a pvt.ltd. Company and we have can show B/S for nil assets and nil libilities like :

Liabilities :

Share Capital : RS. 100000

Assets :

Profit & Loss a/c (Debit balance) : Rs. 100000

Now, Can it represent Nil Assets and Nil Libilities.

Pls, reply

Dear Sir(s),

For Closure a Pvt. Ltd. Company under Fast Track Exit (FTE) Mode, here required Nil Assets and Nil Liabilities.

How Balance sheet turn into Nil Assets and Nil Liabilities ?

Or, Nil Assets and Nil Liabilities means Zero B/S for a Pvt. Ltd. Co. ?

Pls, advise me sir(s) on Urgent basis

Our company has made an advance payment of Rs. 1,00,000.00 to web designing company to design our company's website.
Do we have to deduct TDS on the amount and if we have to, then under which section?

Dear All U,
Let me know if I was issue the C Form for 1 quarter in that C Form by mistake some invoices were missing, so can I issue the new C Form for the same quarter on remaining invoices?

I want to know how many C Forms will issue for one quarter?

1. company had paid advance to staff, but due to death of the person or they are leaving the organisation, company not in position to collect it..

what to do with it?

2. there are so many loans and advances given by the company but not receivable... so what to do with this also?

Can anyone please tell me the correct way to calculate depreciation with the following details :

W.D.V as per Co act as on 31-03-2012 : Rs.19,06,589

Depreciation for F.Y. 2011-12 as per Co.act : Rs. 6,66,907

W.D.V as per Income Tax act as on 31-03-2012 : Rs. 24,82,886

Depreciation as per Income Tax Act for F.Y 2011-12 : Rs. 4,49,693

Opening Deferred tax balance : NIL

Kindly show the complete detailed calculation .

Thanx...

1. Is it mandatory to charge depreciation every year in case of partnership? what are the consequences, if we dont charge depreciation in any F.Y.?

2. what shall be the treatment, if we don't pay any interest to any partners on his Capital, instead we are giving him loan? Is this Possible? Can we do this?

3. If we have received any technical consultancy, for which we have paid the amount, can we capitalize it?

please help me on this doubts.........