i purchased a crane to give it on hire. Full payment of the crane has been made by my father from his own account. now how should i account for this crane in my books of accounts? I m a proprietor and have no other business.

hello sir/mam, which is the most helpful reference book for practicing numericals on AS-accounts (CA final)? thanx in advance.

Hello Sir,
I want to know which ratios banks consider for sanctioning Cash Credit Limit and what are the standards for those ratios.

I m working as Ass Accontant in UK . I m sponsored by X Co. but m working for Y Co ( sister Concern of X co.) both are proprietor ship firms. my question is my salary is paid by Y co. Can i treat my salary as Expense of Y Co rather than Showing Intercompany Transaction?? Would like to know abt this situation in the light of IFRS. or Indian GAAP. writh some ref

Thanks & Regards
Athar M Parkar
Itlia Groups Of Comapanies
UK

a bill imported from china of usd 9280 but payment was made from hdfc bank of 20000 in advance so what rate of dollar will be used to enter purchase amount rate of invoice date or rate of fund transfer date

TCS will collect on every scrap of sale?&it's only for manufacturing company or for all ?

What will be the entry of TDS on FD?
Shall I enter it in the capital A/c?
And if I enter it in the capital A/c, will there any problem??
Guide me...

Dear Expert,

pls tell me how should I present Profit & loss account as per Sch. VI...

Revenue from operations Gross :

1.should I add Vat amount on sales of goods made or it should be net of Vat... as vat is not revenue for us.

2.Same in case of Revenue from Services ... Amount of service tax to excluded or not.

Hello everyone,
I want to ask that Is it necessary to match turnover that will appear in 26AS?
Bcos we take tax deducted at source refering to form 26AS.so what should we do if client does not provided sales record properly?
what points should we considered while doing tax audit? what adjustments we can do?

Respected Members',

Is there any difference between the terms named 'Sales','Turnover' and 'Gross Receipts'? If yes what are they?

Please suggest...