scenario: accrued income accounted in last financial year. invoiced in current financial year and cash receipt also in current financial year. income recognized in last year because it rendered last year. the entries passed are 31st last year accrued income to income this year invoicing party ac Dr to income Bank ac Dr to party Iam planning to reverse the entry made last year to correct the financial statement, by reversal income become zero and accrued income in BS aslo become zero. is this accounting treatment is right is there any alternative treatment with out reversal

can a director be treated as a employee where he himself is director. is there any difference for levy of service tax for any amount paid to him in case of part time director and full time director--this query is in view of levy of service tax on any amount paid to him

how to apply for gst and what i need and what is charges? can anyone explain fully.. with all the details that need to registration? thanks in advance. ..

How to excel in articleship which provisons I have to read to do articleship works efficiently please suggest me friends how to approach any work while doing articles explain me briefly please anyone

My client filed online ITR for the AY-2009-10. Received assessment order u/s 147 r.w.s.143(3) on 30-12-2016. Is it possible to file appeal manually?

I am registered dealer in service tax and I have forgotten my user ID and Passwords. Please suggest me, How can I get My username and Password, I only have Service tax registration No.

Can a Public Trust in Mumbai have social functions for their members with highly subsidized dinner and apply for and get an Excise Dept permit to sell liquor to the members and their families on a cost plus basis.
Out of 1000 members of the Trust only about 75/80 members benefit from such functions held 3/4 times a year utilizing Trust funds (excuse being to build up comradie among members but in fact a way to garner the votes and support of voting members).

I failed to fill the EPF return for the month of november which become due in december.
So now i want to fill the same please tell me the late fees / interest regarding the above issue

Hi,
I have a trading company with 5 branches in Delhi and one head office. All the sales receipts in these branches are either in cash or credit card. All the sales receipts are then remitted to the head office. We use Tally ERP 9 as the accounting software. usually the sales receipts are remitted to the head office on a daily basis. I would like to know a suitable way to account for the remittances in the books of the branch as well as in the books of the head office.
It would be great if you could suggest me a suitable accounting entry, so that the books reflect a correct picture of the accounts. Please ignore stock transfers.

Thanks!

Player has received income from Pro Kabaddi for playing with specific team and has also received prize for player of the match. Under which head the income will be assessed under business or profession or under income from other sources. TDS has been deducted U/s 194J