There is trust formed and intial amount received from settlor. my question is in accounts where shall i group the ledger of settlor in capital or loan liability

Hi,
I'm Working as a Financial Analyst in a 6 years old partnership firm. There are 7 partners who was shared their profit for last 5 years in the proposed ratio which they agreed . It's an architectural firm. Every partners are involving in project works. Here 2 or 3 partners earning much than the others.So for the past 5 years those earning partners are contributing more money for the office development than others. Now they felt that the partners who are contributing less money for office development are also enjoying the whole benefits. They reported me about this issue and asked me for some plans to change sharing system. Please give me a suggession for this issue. Is it possible to share profits against the ratio which is agreed in deed?

We have manufacturing unit in punjab & purchased Boiler from Delhi @ 120000.00 agst. C form with 2% cst.

My Q. is what will be accounting entry for the same as i wants to show it in purchase ( for getting C form from sales tax department) & in fixed assets also ( to charged Depreciation )

Kindly Help.

can we do ips aftr completing CA

hi, what is no tax against c form, in our co. we hv purchased plastic bags from daman so party has given us invoice mentioned no tax against c form, whether we are liable to issue him c form for the same? pls help me

Sir,
I have received Cheque of Rs.43315=95 after deducting 10% TDS. I want to know on which amount this cheque amount get. Any formula for this calculation or reverse calculation method?
Waiting for your reply.
Thanks.
Pravin.

Hello sir,

Suppose a company has taken loan of Rs.3600000,

[A] co. receive Rs. 3400000 through bank:

Bank Dr. 3400000
To Bank loan 3400000

[B] Advance EMI Deducted by bank

Bank loan A/c Dr. 150000
To Bank Loan 150000


[C] Stamp duty[expense of company] directly paid by bank

Stamp Duty Dr. 50000
To Bank loan 50000

Bank Loan Dr. 50000
To ?????? 50000

Now which account should i credit to settle loan account ??

thanx.

Pl. let me know below entities are related party as per AS 18? Pl. explain also

Company A Holds 99 percent equity share in Company B. Company A holds 40 percent equity share in Company C.

Whether B and C Related Party as per AS18?

Hi Team,
could you please provide the sbi rtgs format in word format.I shall be highly thankful if arrange soon.

what r statoury reserves