self assessment tax for f.y 2010-11 and tax on regular assessment paid in current year 2011-12.

how to show in my accounts / journal entry for this event

Hi all

As a statutory auditor of a pvt ltd company I want to know accounting treatment of the fictitious assets say receivables waived off by debtor , pyts made to vendors in advance which co could not recover now presented in the B/s from past five years. The amount is huge of around 55 lakhs (debit).

Can any one suggest how the same is to be dealt with and tax effect thereon & relevant Company Act provisions applicable (if any).

Replies could be mailed to kirtigkulkarni@gmail.com

As part of expenses the following was shown:
" changes in inventories of finished goods, work in progress , stock in trade"
---appreciate a clarity of this

Can a director of a pvt ltd firm transfer amount to his personal partnership company . WiTH out the Board Approval

DEAR SIR/MAM,
PLEASE GIVE THE REPLY FOR THE FOWLLING
WHAT IS THE "FINANCIAL ACTIVITIES".AND EXAMPLES OF FINANCIAL ACTIVITIES.

Total Salary For a month = 27240
Employee deduction for ESI=481
Net Payment for salary = 27240-481=26759
Employer Contribution for ESI=1294, then what will be the entry
Salary A/c Dr 27240
Salary Payable 26759
ESI Paysble 481
but what will be the employer contribution's entry ie. Rs 1294

Pls answer for this problem.
Thanks and regards

A, B & C were partners in a firm. For financial year 2008-09 the profits were Rs.18,000. The partners shared
the profits in the ratio of 2:2:1. There is no partnership deed of the firm in this regard. The adjustment entry
will be ___
a) P & L Adjustment A/c Dr. 18,000 b) P & L Adjustment A/c Dr. 18,000
To A’s Capital A/c 7,200 To A’s Capital A/c 6,000
To B‘s Capital A/c 7,200 To B’s Capital A/c 6,000
To C‘s Capital A/c 3,600 To C’s Capital A/c 6,000
c) A’s Capital A/c Dr.1,200
B’s Capital A/c Dr.1,200
To C Capital A/c 2,400 d) None of these

Hello expert's ,
Anybody let me know what is the Journal entry for opening stock and closing stock ?

Can you please explain meaning of the term 'Condensed Financial Statements' as per AS-25.

Regards

IFRS IS APPLICABLE FOR NOV 2012 OR NOT???
PLZ tell me..