imprest a/c
This query is : Resolved
28 July 2009
My Question is whether there is any legal problem if we show imprest account in balance sheet.
My Question is whether there is any legal problem if we show imprest account in balance sheet.
28 July 2009
You can show the imprest account in the Balance sheet. There is no legal problem.
1) Make sure that the expenses are booked during the financial year. It should not be kept under Imprest account.
2) If the employees taken tour advance etc make sure that the tour will not be performed allready, If so you have to book the expenses, it should not be lying in the imprest account
1) Make sure that the expenses are booked during the financial year. It should not be kept under Imprest account.
2) If the employees taken tour advance etc make sure that the tour will not be performed allready, If so you have to book the expenses, it should not be lying in the imprest account
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- NRI starting business in India
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- Resigning a auditor from the company for misconduct
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- EXPORT COMMERCIAL INVOICE HSN CODE
- Capital gain on sale and purchase of plot
- Form 140 tds
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
