different between income accrued and income receivables

3 Answers  

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how to do audit of bank in respect of advances?

1 Answers  

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During the year a firm has received TDS of Rs.30 lakhs and out of this an amount of Rs.9 lakhs was adjusted against the taxes. However, in the balance sheet under the head assets,the firm shown Rs.30 lakhs towards TDS. Is it correct. In my openion, in the balance sheet, the assessee has to show only Rs.21 lakhs as asset in the balance sheet, after reducing the tax adjustemnt of Rs.9 lakhs. Pl. Clarify.

1 Answers  

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I am managing a partnership firm which has a turnover of 50 lakhs in its first year business i.e 2008-09 and in previous financial year 2009-10 it has only 27 lakhs turn over. Please let me know when we have to file our IT return. whether it is before 31st July 2010 or 30th September 2010.

2 Answers  

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Assume we have taken a vehicle on leasing Cost Of vehicle Rs.2445000 (vat 261964.00)on 22/12/09 ,the vecle lease for 4 years and made intial paymenent as Rs.25000 &the monthly leasing amount Rs.59806.00,pls let me know the double entries for this finacial year (with figers)

1 Answers   Fidelity,

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How will u handle accounts receivable?

20 Answers   Ask Agro Chemicals, Genpact, State Bank Of India SBI, Wipro,

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What are the basic steps to be taken by an auditor in order to express an opinion on client’s financial statements.

1 Answers  

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How do you audit derivatives?

1 Answers  

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Can we claim for the amt. of CST paid if in the case of sales return with in six month?

7 Answers   Genpact, NCGH,

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What are 15 major mistake done while writing books of account? What are 5 major fraud done by Junior Accountant?

0 Answers   Ecobank,

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WHAT IS DIFFERENCE BETWEEN TAX AUDIT AND STATUTORY AUDIT?

2 Answers  

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i need to pay around $90000 to Mr.R and the agreement clause says that any amount payable as tax are not included in the amount.So how much i need to deduct TDS...??

1 Answers   Caretel,

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