This Query has 3 replies
I have just been handed accounts from previous accountant.Am seeing a big balance in BALANCE SHEET under Forex GAIN/LOSS...
Is there any method to delete that ?
I think its because the previous accountant didnt put a Currency Symbol when entering voucher of MULTI Currency....
Please help !
This Query has 3 replies
A company shifted itself to new premises.The assets of old premises appearing in accounts proved worthless.The company is neither in a position to sell these assets nor it is able to use them.How these worthless assets be treated in accounts??
This Query has 2 replies
The company's financial year ends on December 31. Now it has received an invoice on September 2007 from one of its service provider for services to be performed in the year 2008( invoiced in advance) It has not not paid the amount of the invoice till December 31 2007, it has paid only in March 2008. The expenditure purely pertains to the period commencing January 1 2008. Now the question is how the company will incorporate the effect of this invoice in the accounts prepared for the year ended 31.12.2007. It should not book this expenditure(and show as an outstanding item) in the year 2007 because it does not relate to this period. How the company should give effect to this invoice in the accounts prepeared for the year ended 31.12.2007? Please provide some guidance in this respect.
This Query has 1 replies
i cleared my cpt in Feb'08, my result was out on 26th Feb'o8 & i have started my articlshp on 14th March'08, so when will be my PCC attempt ?
This Query has 4 replies
dear sir,
if employer is paying salary under following structure and amount paid by bank through a consolidated cheque, then how they should pass entry in account :-
Basic 15000
HRA 6000
other all 4000
petrol 1000
mobile 1000
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27000
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whether a consolidate entry of rs. 27000 should be passed or for petrol & mobile he should make a separate entry
This Query has 2 replies
can any one tell me the accounting entry at the end of the year for tds deducted by debtors i mean it is to be written off or carried forward
This Query has 5 replies
In case of a related party transaction between a company & a partnership firm, is it necessary to disclose the profit earned by the company from the firm in the company's P&L account??
This Query has 2 replies
If goods are kept for demo than what will be its accounting treatment in the books of Accounts.
This Query has 3 replies
100% w/o of asset purchased less than rs 5000, as per companies act 1956 ? explain in detaied
This Query has 2 replies
Hi Sir,
Average rate for Year 2007-08 what does it mean..
Is it average rate of foreign currency form april 1 2007 to march 31 2008
or average of exchange price As on april 1 , 2007 and 31st march 2008
I would be thankful if any one can help me on this issue
Suneel
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
Tally 7.2- Forex Gain/Loss, how to delete that ?