2000 Rs. paid for the licence fees for the year ending 30th sep.2011 had been written off.
what will be its impact on P/L adjustment a/c for the year ending 31-march-2011 and why ?
1 Replies
(Guest)
Excess License Fees Rs. 1000 would be added to Profit & Loss A/c
for the year ended on 31.03.2011.
The reason being that Rs. 2000 paid as License Fees, is for the Period
From 01.10.2010 To 30.09.2011.& in books it has been written off among
6 months Period only. [From 01.10.2010 To 31.03.2011]
Recent Topics
- SECTION 148 PROCEEDING
- GST AUDIT 01 - NOTICE
- Capital gain purchase date
- Transmission of deceased's shares in physical form
- Income tax notice but unable to file updated retur
- Income tax depreciation deductions
- GST Notice (Under Section 73)
- Asset Declaration in ITR2 for flat purchased in jo
- Active pan but invalid
- SECTION 128A For those who filed appeal and order
Related Threads
Trending Online Classes
-
PF & ESI Course - Labour Code 2019 Along with Examples and Case Studies
Mr.Balamurugan Ranganathan13 March 2025
CAclubindia
