This Query has 3 replies
Can a C.A. firm prepare/help in prepration of Financial Statements of a company as a Management Consultant?
The definition of the expression “Management Consultancy and other Services” by ICAI includes "Preparing cash budget, cash flow statements, profitability statements, statements of sources and application of funds etc".
This Query has 3 replies
company has 2 divisions.for 1 division MAT is getting attracted.
for other division regular tax is attracted.when consolidated it is attracting MAT.
In this case how to provide tax for individual divisions required for provisional balance sheet for bank loan
This Query has 1 replies
hi
if a party contracted with other party for supply of raw material at FOB price. the other party raises the invoices at full value and not deducted the freight amount. the party booked the entire amount of invoice in its purchases instead of segregating the freight amount and purchase amount. but it also deducted tds on the freight amount but amount of freight not shown as expenses instead it is booked in purchase account. is this treatment is correct?
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This Query has 2 replies
I am purchasing something goods from Party A and paying by credit card. And after some time pay the credit card Bill.
The entry will be
Purchases : purchase Ac dr
credit card ac
Payment Credit card ac dr
to bank ac
Is the above entry correct?
If yes then what about the Party A ? whether we have to pass any entry relating to Party A. If yes then what ?
This Query has 1 replies
SIR,
I WANT TO KNOW ACCOUNTING TREATEMENT OF PROVISION FOR INCOMETAX, TDS RECEIVABLE, MAT. WHAT ENTRY SHOULD PASSED AS THE YEAR END(31ST MARCH). INCOME TAX ASSESSMENT IS NO COMPLETE. CAN I ADJUST TDS WITH PROVISON OF INCOME TAX IN BALANCE SHEET OR SHOW BOTH SEPERATELY.
This Query has 2 replies
Bank Balance is to be shown in balance sheet as per shedule VI as follows:
With schedule Bank :
With Others :
What is the difference between both?
We have a bank account in Citi Bank. Balance on 31.03.08 of this bank to be shown under which head?
This Query has 2 replies
Respected Sir,
I have one query regarding treatment of sale of units of mutual fund as per IFRS.Suppose i have sold some mutual funds and made a profit out of that.Then what would be the Treatment of sale,Profit & Investment as per IFRS?
Kindly reply asap.
Thank you.
This Query has 2 replies
During the year 2007-08, we received advance from our debtors. Now in the debtors ledger, there is a credit balance... which include some debtors (dr. Balance ) and some debtors (Cr. Balance)and net debtors is credit balance.
How this will be present in Balnce Sheet as per Shedule VI?
This Query has 2 replies
I would kike to know more about the statutory & genaral reserves of companies in India & GCC countries
S.K.
This Query has 2 replies
I have taken a Bank Gurantee for 2 years for submission to our client office. I want to know that BG commission for 2 years accounted once a time or prepaid
BG commission basis. please advise me.
Thanks
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