Good Evening all of U,
Can Anyone tell me the solution to reduce the profit without effecting cash.
i want other than depreciation
12 Replies
CA Kuldeep Sharma
(JOB)
(23 Points)
Replied 24 September 2012
Exp payable daal do...like salary, Rent etc.
CA Ayush Agarwal
(Kolkata-Pune-Mumbai)
(27186 Points)
Replied 24 September 2012
This Type of Queries Should not Be asked.
Instead of Moderator Should Not Allow To Post Such Type of Queries.
Dear Gokul, This is Not The Right Place to ask.
Rajeev
(CS Final Student)
(22 Points)
Replied 25 September 2012
Dear CA Ayush Agarwal,
Please let other members to express their opinions on this query. If you are not willing to give some suggestions on this matter. Its better not to post your replies saying these things & wasting ur time. I request all other members to advice such new members who have recently joined the World of CA Fraternity in any way they could. This will help them to know the real work of CA's for their clients.
Thanks & Regards,
Rajeev Tilhan.
(Guest)
Hey, Rajeev, Ayush is very right by saying that, this is not the place and more over,, this question can't have any place at all
krishna
(Account & Tax Consultantes)
(60 Points)
Replied 25 September 2012
Dear Gokul and Kuldeep
Accounting is based on documentry evidence. You can not reduce profit by just puting payable, who can u can not enter expenses payable to increase your exp if it is not geniune, this will be cought while auditing.
CA Lokesh Pokharna
(CA (Ahmedabad Bhilwara Chittorgarh))
(4128 Points)
Replied 25 September 2012
Very simple
................... exp a/c DR.
To ...........................exp. payble a/c
in place of ............... put any kind of revenue expenditure.
Replying here , dear gokul its a class 11th question.. not expected here...
krishna
(Account & Tax Consultantes)
(60 Points)
Replied 25 September 2012
Dear All Expert,
Please give your ideas and advice within you Professional limit. Bcoz all this above expert advice applicable to Proprietory and Partnership concern not for company , there is too much section and rule applicable on above mattar.
Gokul is new in this profession so please guide him with section of income tax and companies act.
Prasath
(Cost Accountant)
(22 Points)
Replied 26 September 2012
Please follow Geniune accounting practice & try to make understand the things to such clients. You should be in the position to explain all the things perfectly when you do a geniune accounting practice. Give your clinets best solutions which won't violate or break accounting pricinples / income tax.
Prasath
(Cost Accountant)
(22 Points)
Replied 26 September 2012
Just please go-through previous year Annual Report & do comparision with your current year results with percentage, almost you will catch why profit is in increasing trend, if anything you found a drastic change, just analyse those expense/income. This will solve your problem.
If not please do in-depth analysis until you get the result.
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