Is it legal for an organization to keep two sets of accounting records; one for tax and one for book? Why or why not?

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What is the definition(meaning) for the Final accounts adjustment 'Uninsured goods lost fire'?

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if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?

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Mutual Funds

2 Answers   Bank Of America,

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how to maintain the books of accounts in the organization

1 Answers   ITI, Madhucon,

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(a) What is special Audit under section 14AA of CEA? (cenvat credit Audit) (b) Who can conduct such audit? (c) Who can order such audit? (d) What is the time limit for submission of report

1 Answers  

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In tally, i want indirect expenses to be an outstanding expense for me in such a way that if i include it in the sales voucher, it should not add to the price of the product but rather only indirect expenses should be credited. How is it possible?

5 Answers  

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are loose tools come under current assets ?

12 Answers  

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What is personal a/c ,real a/c

8 Answers  

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Hi I would like to know what is journal entry for buying securities with Margin Trading I mean 50% of cost is paid by broker. 2nd question is when we withdraw extra money from the balance we have in bank account which means our balance become (-) what is journal entry for that, should I just credit the bank or should I put the extra money with-drawled as a liability account ? Thank you in advance!

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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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what is the manual procedure for accounting

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