The full form of Dr and CR is
DR - Debit Record
CR - Credit Record

hello Experts,

kindly help, in cash flow when we pay interest after deducting tds how to show it in financing activity ( Gross or net).

If gross then tds not paid will increse our current liability which will ultimetly effect working capital

plz answer it

Hi,
I am a student of final.. I am confused which book to select for studying Accounting Standards.
Plz..give your valuable suggestions regarding the selection of appropriate book on AS.

Friends, How do i record the rent received from my customers in a rent a car business ?. Do i need to show it under sales or under service charge collection ?. Whether i have to show my cars as fixed asset or current asset ?. what will be the entry when the car has been returned by the customer ?

We have accounting of automobiles company and during physical stock verification it is found that there are difference with account in which some amount of stock is negative and some amount of stock excess in account, my query is that i was match the stock in account with physical stock, so how to adjust the stock of short & excess in account.

what is cash profit in p&l and how it is different from operating profit and how can we calculate the cash profit

What is Fixed Assets Register?
How to prepare Fixed Assets register?

Dear Sir,

if we receive telephone bill in the month of May,2012 for the period 11.03.2012 to 10.04.2012. When we will book expenses in our accounts books?

1. 31st March,2012

2. May,2012

What accounting entry will be passed ?

Plz help me urgently.

We are a firm following cash system of accounting.

One of our debtor is paying us Rs.40000 out of our sale of Rs.100000.He has refuse to pay the rest.What will be the entry for bad debt and what will be the closing entry for Debtors.

As per me entry would be:-
Bank a/c (Asset) 400000
Bad debt W/o a/c (expense P&L) 600000
To debtor A/c 100000

Debtor A/c 100000
To sales(income P&L) 1000000
This entry is not helping me in claiming
Rs. 60000 Bad Debt.

Please Help.

One of my known person is a Homeo Doctor and he practices it.He wants to maintain books of Accounts and file returns accordingly.
Could you please clarify regarding
Wht are the books of accounts he has to maintain.
Wht are the taxes he has to pay like Income tax,Profession tax etc.