Dear Experts,
A person is heading a particular department (say Finance department) and contributing his time equally for 6 different manufacturing units of a group companies. All the 6 units are separate profit centres and the top management wants to share the person's Salary/remuneration equally among all the units. (when there is no separate corporate office and all the units are maintaining separate books of accounts but the Partners or Directors are common or having stake in one another).

How this would be possible by fulfilling the following departments' statutory requirements.
1. ESIC
2. EPF
3. Income Tax
4. Professional Tax
regards
G. Sreenivasan

can u just tell me where the audit fees payable be mentioned as per revised schedule 6

Hi..friends,
please suggest me some books for financial reporting post ca..specially for mutual funds and derivatives...thanx

Dear Sir,

I have one doubt in depreciation,
we have bought one electrical stove for office use, i want book fixed asset, but i don't it's coming under which block? pls suggest me as earliest as possible

hum ek company se apni hi dusri company mai fund trfr kar rhe hai to us company ka ledger ko kis under head create karenge? please help me . thnx in adv

Hi,

My client is proprietary concern.The tax audit applicable w.e.f. AY2010-11.

He has fixed assets of godown and vehicle only. Earlier auditor does not charged depreciation on godown.
1. Can we charge the depreaciation for AY2012-13 of current year
2. Can we charge depreciation of previous year. what will be the treatement in books of accounts and audit and notes and accounts for earlier year depreciation.

Kindly reply as soon as possbile.
Regards
RAHUL KUMAR

SIR
I WANT TO KNOW THAT WHAT IS INVOICE? IS THERE ANY DIFFERENCE BETWEEN INVOICE AND BILL AND WHAT IS CREDIT NOTE AND DEBIT NOTE?
I SHALL BE VERY THENKFUL FOR YOUR REVERT.

A company issued 15,000 fully paid equity shares of Rs. 100 each for the purchase of the following assets and liabilities from Gupta Ltd.:
Plant Rs. 3,50,000
Stock Rs. 4,50,000
Building Rs. 6,00,000
Creditors Rs. 1,00,000
journalise. (Source T S Grewal which he has copied from the book of SN Maheshwari)

Solution given is a under:
Plant Dr. 3,50,000
Stock Dr. 4,50,000
Building Dr. 6,00,000
Goodwill (bal.fig.) Dr. 2,00,000
To Creditors 1,00,000
To Gupta Bros. 15,00,000

Gupta Bros. Dr. 15,00,000
To share capital 15,00,000


is the above entry is correct..... as in 12th standard there is no amalgamation so how cn v solve it as per amalgamation rule.

Dear sir,

How to maintain books of acounts in education society please help on this iam waiting for a satisfying reply.

I WANT TO KNOW THAT WHAT IS PROVISION AND RESERVE? IS THERE ANY DIFFERENCE IN PROVISION AND RESERVE AND WHAT SHOULD BE ENTRY FOR PROVISION FOR DOUBTFUL DEBT AND RESERVE FOR DOUBTFUL DEBT.