Please let me know:



When Letter of credit is opened in favour of Seller by the company



1) what accounting entry needs to be passed?



2)What disclosures are to be made in notes to accounts?


Please answer questionwise.Thanks.

Please let me know:

When Bank Guarantee is given on companies' behalf

1) what accounting entry needs to be passed?

2)What disclosures are to be made in notes to accounts?

Please answer questionwise.Thanks.

Dear Sir,
Please tell me what are the parts of training during the first year of training as i am residing in a small district and i want to conform that what i am learning here from my principal and what should be my task.
please help me.

Thank you Sir

Chandraksh
(PCC Student)

hii frnzz,
i hv a doubt regarding userid and psswd.
my client had filed the return last yr
(FY 2006-07) VIA ELECTRONIC FILING.
Nw wen i login to upload this yr's return(ITR 1) i get an error message saying invalid userid and psswrd..
wen i try to create new userid and psswrd a message saying "entry exists" flashes on the screen...wats d solution?????

i will be very happy if i get a solution as soon as possible..

SIR CAN YPU SUGGEST ME HOW TO CONTINUE ARTICLESHIP AND GRADUATION AFTER RULE OF ICAI

Dear Friends,

Pls.tell me if any new articles,circulars,& any others which I need from caclubindia,how to I keep all this things in my login in caclubindia site.Likewise all important mail I keep in my rediffmail site.


Regards,
Prakash Jasani

wat is imprest account....for wat purpose is it opened...? pls give details...is it necessary to open it?

Plz help me, Is the reimbursment of Internet Exp to Employee is liable to charge Fbt or not.
Thank's

Can Service Tax CENVAT Credit on Input Services be availed from before the date of Registration. One of my Client are engaged in Export of Services which are Taxable Services though exempted under Export of Services Rules. Centvat Credit can be availed for the Input Services/Capital Goods Used for the above Services.They have recently got Registartion and now also supplying Services in Local Market entailing Service Tax Liability. Can they Claim CENVAT Credit filing Return for the Period before the dt. of Registration by filling return (after paying Penalty for Delay in filing Return of Rs. 2000/-)and utilise the same for paying service tax liability.

MrAXZ co. received goods on 30.03.2008 but received invoice only on 25.04.08.
How should the liability be recorded?
Should we create a liability in the name of the creditor or park in the deferred account?