Is it possible to change the accounting period under Indian
GAAP from 1/Apr-31March to 1/January-31/December?
There is any restriction in doing that, i mean for example
for fisal purposes?
Thank you all!
Answers were Sorted based on User's Feedback
Answer / tapan
According to IT ACT you cannot change your Accounting Year but in case of ROC you can change the Accounting Period i,e 1st January to 31st December
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / utpal bora
yes.i donot think there is any restriction in law.but is
very taff.
| Is This Answer Correct ? | 2 Yes | 3 No |
Answer / sanjeev
yes its right accourding to the suitation of the company...
| Is This Answer Correct ? | 0 Yes | 1 No |
If salary paid per month Rs.60000/-I will deduct TDS from his salary per month
what is capital reserve?
What is the meaning of summarizing?
Amortization
My firm got Rs.1,00,000/- as consultancy charge after deducting Rs.10,000/- as TDS. Now we have to pay Rs.15,000/- as Service Tax. Net effect we will receive only Rs.75,000/-. How can i account this.
Purchases book records: (a) All cash purchases. (b) All credit purchases. (c) Credit purchases of goods in trade. (d) None of the above.
contingent goods?
Is it mandatory having Knowledge of auditing to an accountant ?
what is insurance ? how many types of insurance?
what is deprisiation?what is upprisiation?what is bill receable and payable
GOODS LOST BY FIRE 100 RS, INSURANCE MONY RECEIVED 120,40 PENDING FOR FINAL SETTLEMENT- Journal Entry
what is differenct between capital expenditure and revenue expenditure?