why the Partners' capital account Dr why not to expenses account can i pass following entry
(31/3/2008) jv
income tax dr (indirect expenses)
income tax payable cr (provision)
1/9/2008 payment
incometax payable dr
cash/bank

If a manufacturing company is using Oxygen cylinder for the purpose of welding, can the company claim the set off of oxygen used?

I am using Tally 9 without Inventory and entring items purchased in Purchase A/c and Sales done in Sales A/c. Now, I want to know at the end of the year how to enter the Closing Stock. Please Help Me very Urgent

I m qulified chartered Accountant and hold CP from 1-september 2008 so is it necessary to me to avil CPE houres for calander year 2008 ?

PLEASE TELL HOW TO CLASSIFY FOLLOWING ASSETS:


AIR CONDITIONERS
AQUAGUARD WATER PURIFIER
CAMERA
CELLULAR (TELEPHONE)
EPABX SYSTEM
FAX MACHINE
FIRE EXTINGUISHER
GENERATOR
FURNITURE & FIXTURE
MACHINERY
PHOTOCOPIER
PLOT (AT KUNDLI)
REFRIGERATOR
TELEVISION
TRANSFORMER
WATER COOLER
CAR CONSOLIDATED
SCOOTER
COMPUTER
COMPUTER SOFTWARE
PRINTER
UPS
WEIGHING SCALE
BUILDING
ELECTRIC INSTALLATION
BOILER
ELEVATOR
FIRE PROETECTION SYSTEM
TYPE WRITER
CYCLE
TELEPHONE
ELECTRICAL EQUIPMENTS
MOTOR CYCLE

ACTULLAY I WANT FIXED ASSET AC HEAD FOR THIS ASSET. for e.g. Air Conditioner = Office Equipment

i m a CA student and have started my articleship in July. At that time i had completed with the registration formalities but a month later i had registered for my B com correspondance.
I didn't knew abt form 112 clearly but now plz can anyone tell me that is it required to fill that form.
Plz help me...........

1. What method of depriciation is applicable as per companies act 1956 (wdv or slm) in books of account?

2. what are the depriciation rates on "pollution control equip." & "energy saving equipment", on "live stock" & "book" as per companies act 1956 (both as per "wdv" & "slm")?

1.I invested Rs.2,50,000/-in the equity shares of a Private limited company in the year 2005-06 from my savings from salary income and other savings.
2.Now that private limited company is received the Scrutiny order from the Income tax department for the years 2005-06 on wards.
3.Now that company is asking me to produce my personal balance sheets and Profit&Loss account explaining the source of income for that 2,50,000/-
4.since no need to maintain the books of accounts.I have not maintained any books for the years 2005-06 onwards.
5.for the FY2007-08 only i filed my first income tax return.
6.can any one please help me what i need to tell to that private company.they are asking me to produce the Balance sheet for the year 2005-06.
7.I am salaried employee.I don't understand why i need to maintain Books of account like balance sheet and P&L.

hi
this is regarding partnership firm accounting.please say me where should i post income tax payment made of firm for previous year in this year
income tax for fy 2007-08 paid on 1/9/2008
posting entry in books of partnership firm


regards survesh

hi
this is regarding partnership firm accounting.please say me where should i post income tax payment made of firm for previous year in this year
income tax for fy 2007-08 paid on 1/9/2008
posting entry in books of partnership firm


regards survesh