Hi Experts
Electricity Provision was made amounting to Rs. 35000/- as on 31.03.2015 in the books of PARTNERSHIP FIRm
Actually bill was received for Rs. 26000/-
Now excess provision is reversed for Rs. 9000/- by crediting P& L account
But our CA is in the opinion that it should be treated as Misc. Income.
Please explain.
List price of Goods is Rs.5000 sold at 6% trade discount and 1% cash discount. 60% of the amount is paid in cash.
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What is the Journal entry for Business expenses paid from Personal Cash ?
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kindly explain to me example with period
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Dear Expert,
Please give the information on Net Cash accruals to total debt ratio, what is the use of this ration and formula of this ratio.
If you give some example on the same, it would be so help full.
Thanks a lot,
company abc pvt ltd is partner with a partnership firm (not a LLP) is consolidated financial statement is required by abc co.
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I (A Company) have received some amount as security money Rs. 10 lakhs against fixed assets issue to an agency.
agency after some time close his business and did not return my fixed assets. How will i treat this amount of Rs. 10 lakhs in my books of accounts.
I will be thank full if anybody reply soon.
Respected All Pls clarify my doubt Amount deposited in Capital Gain scheme(54F) will be shown under which head Current Asset or Investment in balance sheet ??
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I am a tour & Travel agent . I take money from clients and book the tickets & package out of the money received I n between i earn my commission.
How would I show my sales in my books. It will be shown as gross sales or only net commission. I book travel packages fpr my clients.
Thanks
in advance
If employee purchase a Telephone connection of his name for company work and company pay directly to vendor(Tata DoCoMo,Airtel,Vodafone) etc. Can some one let me there is any doubt in accounting. Please Suggest
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LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)
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Excess provision