Dear Sir/Madam

The following error do not affect the trial balance

(a) Error of partial omission
(b) Error of Principal
(c) Error of complete omission
(d) All of the above

Please tell what is the answer and please explain?

How can we treat the following situation, how it appears in accounts and what is the effect in the quantity and value of stock?

Sample raw material received from a party outside india through courier and all the expenses relating to it are met by the party who send the material.

Respected Experts

I have taken a loan of Rs. 20 Lac from my company, which is pvt. ltd. and I am employee of the company. I have two Query?

1. Which is Fair Rate of Interest back to company on Loan?
2. Being an individual, It is my responsibility to deducted TDS on Intt. Paid or not?

Thanks

in my family there r 4 demat a/cs -(1 of my mother,1 of my father,1 of my grans ma, 1 of me) .of the above i have to mtain only 1 a/c(either my mother /father/my).others i have to close b/c of amc or other mtance. problemsi have no earning as such but my father/mother/grandma has taxable income.wht strategy should i adopt so tht it becomes tax free?

grandmother's shares----(as a gift to me or my father) since relative(as per income tax act in sec 56(2)(vii)).

mother's shares -----to me

fathers share --to me

whether any clubbing provisions apply since i am major son & there r no clubbing provisions regarding major son in the act?

but if my father transfer to my mother there wil be clubbing provision.

consisdering all permutation &combination give me the best advice.

Motor Vehicle Dealers are required to file AIR return??

Dear Sir,

I request you to send me the notes of ipcc-grp1 and grp2. it would be a great help to me.

we r manufacturing in union territory daman while our office is in mumbai. mumbai office having sales from there & raise the invoice in name with there (mumbai address) ,daman sales from daman & raise invoice in daman address name where we have to file return of it & vat mumbai or daman ?

for example: a private limited company's managing director died on 25 mar and company called a meeting on 30 mar to appoint other whole time director to the post of managing director W.E.F from 27th march then
1)what should be the date of dispatch in this case
2)the dating sequence done for this purpose is it correct if not what should the
a)date of dispatch of notice
b)date of passing resolution
c)from which date the new MD be appoited

without changing date on which the MD died that is 25th march

please clarify

WORKING CAPITAL DIVERSION IS USING SHORT TERM SOURCE FOR LONG TERM PURPOSE.THE FINAL RESULTS IS THAT THE UNIT BECOMES SICK AND THE BANK LOAN BECOMES NPA. OTHERWISE,THE CC LIMITS DIVERTED FOR LONG TERM PURPOSE SHOULD HAVE BEEN BROUHT IN BY THE BORROWER.THIS TRANSACTION IS NOT BEING ACCOUNTED FOR AND NOT REFLECTING IN THE BALANCE SHEET AS THE AMOUNT OF CC LIMITS USED BY THE BORROWER FOR LONG TERM PURPOSE.AS A RESULT, THE USER OF THE BALANCE SHEET IS GIVEN WRONG IMPRESSION. WHY THE WORKING CAPITAL DIVERSION SHOULD NOT BE BROUGHT TO THE BORROWER'S BALNCE SHEET? SO THAT FURTHER RISE IN BANKS NPA CAN BE PROTECTED.

Whether limit of Rs 1,00,000 in case of AIR is for the particular transaction or for series of transaction during the year??