How entry of Dues bills [in which account] in Tally ?
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Answer Posted / sachin
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Define the term material facts in accounting?
A Company has not deposited its ESI /PF dues from 01-04-10 till 31-12-10 in a year (Both the shares). What is the maximum time limit for that and is the liability as on date. Management wants to daly at the maximum, but want the calculations of each & every aspect- monthwise. The avrerage no. of employees are 50 and the salary is around 2.00 to 2.5 Lacs per month.
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Wipro Limited What is the definition of manual accounting? M/s ABC Brothers, which was registered in the year 2000, has
been following Straight
Line Method (SLM) of depreciation. In the current year it
changed its method from
Straight Line to Written Down Value (WDV) Method, since such
change would result in
the additional depreciation of Rs. 200 lakhs as a result of
which the firm would qualify
to be declared as a sick industrial unit. The auditor raised
objection to this change in
the method of depreciation.
The objection of the auditor is justified because
(a) Change in the method of depreciation should be done only
with the consent of
the auditor
(b) Depreciation method can be changed only from WDV to SLM
and not vice versa
(c) Change in the method of deprecation should be done only
if it is required by
some statute and change would result in appropriate
presentation of financial
6
statement
(d) Method of depreciation cannot be changed under any
circumstances Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e.
Furniture & fixture a/c Dr.
To cash/bank a/c
Along with this, I have to pass following journal entry on 31st Mar 07??
P&L a/c Dr.
To Furniture & fixture a/c Tell me do you possess any knowledge about accounting standards? why are accounting firms needed? What does an accurate trial balance suggest? what is apply SI post What does the standard journal entry includes? kindly send the TDS tariff on Security expenses, rents,
transport charges etc., As you know account executives need to be talented salespeople. Do you have experience making sales? HOW CAN I OPEN A CC A/C ? WHAT ARE THE MINIMUM REQUERMENT
TO OPEN A CC A/C ? WHAT ARE THE FACILITY OF A CC A/C IN
THE BUSINESS FIELD ? WHAT ARE THE BANK CHARGES AND INTEREST
IN CC A/C ?
What are the objects of cost accountancy?
