KAAPIL's Expert Profile

Queries Replied : 3630

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Gajjala Satheesh says : Hotel Accounts
Sir, I purchased Rice from supplier by cash / on credit basis 1) How to enter payment for cash 2) How to enter in purchase option F9. 3) How to pass a journal entry And How to nullify if purchases made on credit basis from Aditya group. I am following the method is entering payments in F5 payments option. And nullifying the accounts sundry creditors if Credit basis sales on F7 Journal. P & L and Balance Sheet showing good. Is this procedure good or suggest me a good procedure.

BHASKAR says : direct admission to ipcc
Dear Sir, i passed my icsi executive programe, but i have taken denova while passing 2nd group, so i have two different registriation number in two marksheet, and now a days my icsi stoped to deliver the hard copy of marksheet student should get the marksheet by downloading the marksheet , now my probllem is i have one hard copy of marksheet and one dowinloading marksheet, and in that i have two different registration number , i have a professional enrolment letter issued by icsi, my question is can i eligible to get direct admission to ipcc under direct admission scheme or not

CA Amit Rajput says : Please give your comment
****Welcome to all experts to join in discussion **** I have a case about a an Investment (private limited )company which maintaining books of account on mercantile basis. But company records income on receipt basis from April to Feb and in the month of march a consolidate receivable from April to Feb is recorded and for month of march on receivable basis. my question is that is this practice of following cash basis accounting for 11 month and in March remaining receivable on consolidate basis i.e.(receivable less received) and for only month of march on pure receivable basis is Correct ??? Means following cash basis accounting for 11 months and Accrual basis accounting in month of march is correct or it will be treated as hybrid system. Is there any clarification from ICAI or Department for following accrual basis accounting through out the year? Pls join in discussion

prachi says :
Sir, I have completed 2 years of articleship,am I eligible for CA Final Attempt If so send me link of such notification

tina says : comparing US and Indian accounting system
I have to write around 70 pages of thesis comparing the accounting standards, the methods of accounting (like depreciation), and the tax laws of India and United States. Also, I want to focus on the cultural aspect of their accounting system and how India has been affected by the British Empire and still follows the accounting standards of the British. I am having a hard time understanding how to start on writing my thesis. Can you please help me any way in writing this thesis?