WHAT IS DIFFERENCE IN BETWEEN NORMAL ACCOUNTING AND AN INSURANCE (GENERAL) ACCOUNTING??
INSURANCE CO'S ARE BOUNDED WITH IRDA GUIDE LINE. HOW IT WILL IMPACT ON THE BOOKS OF ACCOUNT
IF WEB SITE DEVELOPMENT EXPENSES TO BE TAKEN AS EXPENSES OR 'SOFTWARE-FIXED ASSETS'
What is the calculation of lease according to AS-19 for private limited company?
What is in AS-19?
Dear Expert,
Solve query in urgency
My Query is that we Paid Providend Fund Amount for The PARTNERNSHIP FIRM from Private Limited Company Bank Account.
Please Tell us now how i can correct the Entry.
Or
I should make entry in Partnership firm by Crediting Pvt. Ltd. Company A/c and Debit to Providend Fund A/c
Reply if anyone have solution for this
Thanking you.
i need depreciation chart as per comapany act and as per income tax act. so please send me depreciation chart.
If I transfer a sum to my father for his livelihood through bank.
The journal entry would be
Drawings A/c___________Dr.
To Bank A/c
or will be treated as loan
Loan A/c___________Dr.
To Bank A/c
(Note: the amount is not refundable & nor i am charging any interest, its my responsibility to take care of them and hence its a transfer so that they can meet their expenditure as I live outside town)
X company is dealing in software & Technologies. They have a Demo machine manufactured in house and is considered as Fixed Asset. This machine is being sent to clients for trials in order to grab orders from the clients(sales promotion). Moreover it is not held for sale in the ordinary course of business. Now the query is that what should be the treatment of Demo machine in the book of the company.Should it be considered as inventory or fixed asset?
Pls tell me What's the depreciation rate for all depreciable assets.
I want to know as a Statutory auditor of P Ltd CO what step we are to take to write off huge around 40lakhs drs and 30 lakhs crs.
Is board resolution with full details of write off is enough.
What will be the tax implication in each case ?
Is there any relevant point to be considered as regards to Company Law.
Please advice by mailing me to maheshkulkarni29@gmail.com and thanks in advance.
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ACCOUNTING NORMS OF INSURANCE CO.