what is the difference between prepaid expense and advance.

plz tel me which of book i prefer for accounting standards and particle ques

Mr A Hold 50% share in A Ltd, Mr B (Brother of Mr A) is KMP in B Ltd.

Whether B Ltd is Related Party for Reporting Entity M/s A Ltd?

Dear Members,
We have a unlisted public company and also have some partnership firms and other companies having same directors as parter or director.
Now my question is that we have to prepare accounts including all associates books or else?

Dear Experts,

How to book Expenses relating to get trade mark registration for a pvt ltd company. we paid 55000/- to a consultant it includes
fee for 5 applications @ 7500 total 37500/-
and professional fees to consultant 17500
total is 55000/-.

then how to book these expenses in company books of accounts.

Thanks In Advance.
Narendra Kumar M
9949952188.

Dear Experts,

We are a dealer of Excisable product, during purchase & sales, we post respective ledger like Basic Excise 12% (Purchase) & Basic Excise 12% (Sales)separately.

We are making Quaterly return, at the end of each quater we have to transfer the balance of above ledger to a single neutral ledger account.

Please tell me what will be the name of that ledger account & under which group i will take it.

Regd,

pls saletax setup and cst redeuse kevereti karay

Assesee has car wdv is 45000 but he sold it for 85000 as on 1 june 2013 and he purchased another car worth rs 700000 as on 12 june 2013 what will be the depreciation for income tax purpose

Hello Everyone,

Loan taken for Rs.8 lacs on 17.4.12 and repaid till 27.7.12 ROI 8 percent.What would be the journal entry for the Interest payable?

In the process of financial restructuring of a chronically sick central public sector Enterprises ,Govt of India waived its accumulated loan and interest.As a result the company earned net profit arising liability for payment of current tax.However due to its precarious fund condition,Govt. of India also provided it with fund assistance under Grant-in-Aid for payment of such Income Tax Liability.

In the stated circumstances,I am rather confused about the accounting treatment of such Grant- In -Aid,if it should be treated as capital Receipts in conformity with para 10 of AS-12.or it should be treated as Revenue Receipts in governance with para-18 of the said AS.
Awaiting Suitable response from the Experts in this regard.

Regards

Snehanshu Kar Chaudhuri