I m very confused...for preparing financial statements of companies...ddt is to be deducted or not? In books...it is shown but tution frnds say...they have been taught nothing like that.....if yes? Then at what rate? In books 10% is taken .....we have to take present rate or 10?
What is present rate? Please clarify...may exams are near...

Cost 105000
Scrap value 5000
Life 10 years
Cal. Dep. Rate Wdv method

Hello everyone !!!
coluld you please tell me the applicabilty of revised schedule VI on companies ??
and XBRL is applicable for which companies and from when?

Can anyone provide me some items (with LOGIC indicated against them)requiring provision to be made????

where to enter deposits in revised schedules- vi

Plz help

Vat reversal entry of the same

dear sir,

please tell me the difference between the cash credit & bank overdraft.

foreign exchange difference on account of acquisition of fixed assets needs to be capitalised or not? as as 11 doesnt permit it to do so ? but schedule vi does

Sir,

My firm is a partnership firm.Their are bills for Electricity ( MSEB)Telephone (BSNL)Mobile ( Vodafone) and Internet Charges ( Tata) for Month March which I am making Payment in April till today.

Please say me can their should be provision for all this expenses in march.
What should be the account head for all this expenses and under group Provision or s.creditors.

Please Reply.

Thanks & regards

sir / madam

i have a problem with advance to employees procedure our employer's driver is working on contract basis from one contracting firm now he wants 30,000/- rs advance for his brothers wedding and boss said give it to him advance form our institues accounts
he order to issue cheque in his favour

but is it right to give an advance to him from institutes acount.

i am working in on education institute

so please help me out

thank you.