The Company is into Construction ( service Industry)

Example Case
During FY 2013-13
Revenue billed to Contractor - 1000 Rs.
Work Certified by Contractor - 800 Rs.
Debit note raised by Contractor - 50 Rs.
Revenue as per POC - 900 Rs. (Hence revenue recognised in PL should be 900 and 100 should be shown as Billing in excess of revenue?)

Now my query is - my Book shows debtor of 1000. But debtor has confirmed 750 (800 revenue and less 50 debit note)

So what is the accounting treatment for the difference of 250 between the books and statement by debtors.

Totally confused. Appreciate quick response

Windows 8 purchased for Rs. 90,000 (qty-10) should be capitalised or treated as revenue expenditure? If capital then as per which AS?

One of our client is dealing in foreign exchange. The client engages in sale transaction (Selling of Foreign Exchange and Collection of INR)sometimes during the evening hours which is done on manual bill at his customer premises. Later on the transaction is recorded in the system on the next day.

In few cases, it has been noted that transaction happened on 30th September and client has booked the bill on 1st October.

Will it affect revenue recognition principle. In my opinion revenue should be booked in the month of September 2014. However client is insisting on October 2014.

Please suggest

Whether The Transaction of Mobile Phone Currency by a dealer has to be shown as turnover or only Commission has to be accounted as the Company deducting TDS U/S 194H,whether total turnover subject to Tax Audit or Only Commission has to be accounted.

if a assesse paid TDS after due date than the interest charge there on and paid by assesse is also deductable from profit and noted in 3CD...

dear sir/madam
iam little confuse . As Per Incometax Department only that person is liabile to pay tax who,s income more than 250000
But i face a confusion
i fill a audited firm return total Profit 20000 and my software show its taxable income
my question is:-
if tax lying on 250000 income then how this firm is liable on his 20000 income
please suggest me

How can i view ITR,and 3CB,3CD reports in PDF format before submitting to income tax. for the purpose of checking easily because of question corresponding answers.

Please suggest us.. if is there any application for convertion send me link for download...

Thanking you..

i had purachased practice manual of audit paper for my november 2014 attempt which is of revised edition july 2014 where company audit have 2013 provisions bt my friend said company audit should be refferd from CA 1956 in exam plz reply me soon

Should we take NOC from previous auditor under CA Act before giving consent to company for appointment, because now acceptance after appointment is replaced by consent before appointment.

I join my articleship before some days and my principal send me for audit in a pvt. company and now he say to me to do audit self So please can anyone tell me how to start audit and what to do and how to do Right now i am totally confused... Please help me