Dear sir,
i need a clarification about Contra entry.Cash wihdrawal from the bank.for that we should pass contra entry.
but they passed bank payment entry instead of contra.Is it correct?...

Entry in bank payment as:
Cash
to Bank.
It will give the same effect.Then what is the purpose of Contra??...
Explain and give the effect also...

Dear Sir,

Kindly clarify what type of leave the employee should take (like Earned Leave or Sick Leave etc., ) to avail LTA / LTC.

I vaguely remember that, employee should take only EL to avail LTA. But one of our employees argues that, only 3 days if they take EL it is sufficient and rest all days may be SL also.

Can a private ltd company convert its unsecured loan into equity share capital.

Two Fixed Assets A & B purchased on 01.04.2008. Bill for Asset A received on same date and bill for Asset B received on 01.06.2008. Both the asset put to use on 01.04.2008. Depreciation will be charged from which date on Asset B?

Can anyboby explain me the calculation of DTA/DTL in the following situation.

Accounting loss 1000000/- (Depreciation 100000/-)

IT loss Rs 1200000/- (Depreciation Rs 300000/-)

Tax Rate 33.99%

There is virtual certainty regarding future expected profit.

Dear Frnds,
I do like to ask that tll what time the shre application money can be kept without alloting or refunding to any one in same form as share application maoney.
Plz also ref the relevant provision.
Plz also do refer the full procedure for treatment of share application money
Thanx

Hi sir/Madam,

What is the difference between the Travelling allowance and Transport allowance?

Respected Sir,

i want to know a minor child income is taxable or not ? and if it is taxable then what proceedings is followed ? if there is any exemption limit for minor child income


Plz resolved my queries as soon as possible

Can anyboby explain me the calculation of DTA/DTL in the following situation.

Accounting loss 1000000/- (Depreciation 100000/-)

IT loss Rs 1200000/- (Depreciation Rs 300000/-)

Tax Rate 33.99%

please explain me how to evaluate the balance sheet, by the balance sheet of the company, we can get the strength of the company,

dear sir i want to know what are the importance of a company`s share capital, and what is the different between sharecapital, issued, subscribed and paid up capital

thanks