my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
1507how i got knowledge about custom and excise i want rate list of custome and excise how we summit return of custom and excise , Is it include with ser. tax
1670hi i done mba finance...2008 1 year exp in kpo 1 year i did nt do any job i know all d accounting packages now i am in job search but my exp is not helpful to me ?how can i approach now?
1 2941What are the ratios (in addition to current ratio) to be considered while preparing CMA data ?
2 5042i want the steps involved in the customization for the process order. my situations is if i take the process order for x qty then stores people can issue only x qty not less or not more. how to do this. pls help me
1442Post New Accounting AllOther Questions
I am maintaing books of accounts a Software Co. Kindly advise me Account Head of these exps. (Software Exps.,Internet Exps., Video Exps.,Server Maint.Exps.,& SMS Exps.,) Thanks
is it possible that on dealer of work contract can opt composition and non-composition both scheme in dvat?
Mention some of the major contributions made by you in your present and previous jobs
how enter service bill in the tally and what is the process of service bill. aganst service charge @ 10.3%, sercharge 2% cess 1%
In case of new admission of partner what will be the adjustment for the sharing ratios
paid two years rent N1200, bought Motor van for cash N3000
why funds management doc is generated during migo and miro
last date of tds deposit yearly,tds proforma challan
what is status report? and flow report?
What is the base for issuing of C-form date of sale or date of purchase since goods sent by one quarter ended may reach in next quarter.
what are the differences between Tally and Focus?
Expand-------CSNA
Difference between nonoperating expentiture and non cash expenditure
what is Derivative Documentation,Derivative Settlements,Derivative confirmation?
Which Exchange determine Foreign Exchange/Currency Rate?
