Hi Experts,
Can anyone tell me what are the activities for month end closing in a manufacturing industry. If you have a checklist can you please share.

Thanks

Sumitha

Dear Sir,

me doing trading business of furniture,me buy furniture from china & he take commission on sale bill than when i paid commission to this china party than we liable to deducted tds on this amount or not

Dear Expert,

How to book the import (Purchase)value??

Thanks in advance.......

one of my client being a Partnership Firm having four Partners engaged in Manufacturing activities.The Factory Premises are in the name of 2 partners jointly & the same has been given to PF on rent as per rent agreement between Partners & PF.

Now query is as under:-
i)Whether Factory Rent is to be provided/ accounted for in Partnership Firm books by means of direct crediting to each partner's capital account equally & debiting to Factory Premises rent at the end of F.Y.through JV as per rent agreement or not.

Moreover the same is admissible as allowable expenditure or not in the hands of PF as per I.T. Provisions.

Hi,

I am having a difference of opinion with my internal auditor on the below matter.
I would request an advice on the accounting treatment on below

Server Purchased for Rs. 2,00,000/- 3 yrs back;
The Vendor given a composite Invoice for all the parts of the server.

Its mother board become faulty now;
The replacement cost is Rs. 50,000/-

Can we capitalise the mother board replaced? But we don't have the breakup of the motherboard cost of the server when purchased.
Capitalising the replacement would inflate the cost.
The ideal scenerio would be to remove the mothercost from the originally purchased asset with Accum Dep and then add up the new cost. But since this could not be possible shouldn't we charged off to P&L.

Please advice

Warm Regards

Ramesh

Is Tds Applicable On "Travelling Expenses" Done By Directors of The Company ?

Dear expert can you tell me what is exactly doing after the finalizing all accounting data? where is submit this data? what is doing CA after completed Finalizing?

Thanks in advance

In case of partnership Firm engaged in Trading ,Manufacturing & Job works related to Ferrous & Non-ferrous Metals, how to be considered the Commission Income i.e. whether Direct Income or Indirect Income with a view to compute GP/NP Ratio so far Tax audit is concerned under I.T.Act while reporting in Form 3CD.

Dear Sir,

My Client aving a Export Business and on the basis of the same he book forwad contract.

Suppose on 31st march 2012 having a 300000 $ forward contract ( Sale ) than kindly suggest me that forward contract gain /loss book on the base rate on 31st march 2012 or not

if book than What entry to be passed Gain than foreign Exchange Gain A/c Cr than What is to be debit

i m accountant in the ltd. co. as a lala co. which cant pay above 15000/ per month so i want to preparation of intereiw to Mnc please tell me the cash flow & fund flow statement tips & finance document which would be need

Thansk & regards