The company's financial year ends on December 31. Now it has received an invoice on September 2007 from one of its service provider for services to be performed in the year 2008( invoiced in advance) It has not not paid the amount of the invoice till December 31 2007, it has paid only in March 2008. The expenditure purely pertains to the period commencing January 1 2008. Now the question is how the company will incorporate the effect of this invoice in the accounts prepared for the year ended 31.12.2007. It should not book this expenditure(and show as an outstanding item) in the year 2007 because it does not relate to this period. How the company should give effect to this invoice in the accounts prepeared for the year ended 31.12.2007? Please provide some guidance in this respect.

sir,
one of my client has to pay tds u/s 192 for salary but at the time of deposit to the Govt. it mentioned section 206C as TCS.
as now how he can transfer that amount from 206C to 192.
as Rs.1,50,000/- to 2,00,000/- is involve. so suggest me any possible solution....

hi sirs g. m in my previous question i had asked u that i have passed my cpt in aug 2007 n failed my 10+2 in apr 2007 n now i have passed my 10+2 in apr 2008 can i register for pcc or i should write cpt again n u have said that i can register for pcc n no need to write cpt sir i want to conform because my cpt sir has said to conform by calling to icai other wise i will be booked under the case of cheating n cant do ca in my life which dont want .pls ans sir?

For Corpoate assesee TDS Covered Online Payment mandatory or not w.e.f 01.04.08,Bank is still accepting thru Phy Challan?

Dear all,

pl guide me whether there is entry tax rule in Andhra state

if yes, at what rate i should pay the entry tax on purchase of Earth moving machines.

thanks
nagendra.s

What is the meaning of Revenue deficit and Fiscal Deficit that is there in the union Budget?

hi, i was having query regarding cs final paper 2.utp & competition act2002
The content of utp & competition act2002 was too short as compair to inter .ie: competition act cover in only 3 pages & utp not much information was given section 36 .
There is ammendment to competition act 2002 are these ammendment applicable to us ie:cs final 2008

a school which is run by a trust has PAN in the name of Trust and returns r file in the name of trust know i my query is that is the school has to apply for PAN in the name of school and file returns separately then the trust

hi sir/mam
i have my atempt in may 09 . i just want to ask bout my study schedule so that there is ample time left for revision . i want to give both groups in 1 attempt

wat bout books for law . strategic mngmnt and taxation .?

what about these padhuka series ?

which are the subjects one should self study .?.
kindly guide me regarding this .

REGARDS