i have passed the following entry

cwip A/c Dr.
To party
To tds

Later on i came to know that was wrong entry now i want to correct it but i have paid tds. Now will be the reversal entry for cwip

Can you please guide

in a question under debtors method it has been asked to pass journal entries..however in the suggested sollutions there is no entry for opening bal i.e branch ac dr. to opening stock .. why is it so ?

Hi,
Mine is a start-up firm (LLP) which was registered in December'2011. The firm is not functional yet and I have not opened the Current Account also. I want to know if it is mandatory to open a current account immediately and close accounts for financial year ending Mar'12. Thanks.

1.on diwali gifts given to employee & most near businees client relation, what is the proper account heads to charged?
2.what is the diff bet reapir & maintenace a/c with computer exp a/c .is one & saame?

DEAR ALL

PLS TELL ME ENTRY OF INCOME TAX

WE A PVT LTD COMPANY

THE TAX OF LAST YEAR PAID BY US ,PLS TELL ME ACCOUNTING TREATMENT FOR THAT ,WHICH A/C HEAD I DEBIT AND WHICH A/C I CREDIT THAT

THANKS

DEAR ALL

PLS HELP ME

I WANT TO KNOW ABOUT TDS

1) TDS RATE CHARTS
2) ENTRY FOR TDS
3) AND THEN PROCEDURE FOR PAY TDS
4) WHICH FORM WE GIVE TO PARTY AGAINST TDS AND WHERE WE COLLECT THAT CERTIFICATE ?

MY ID priyankbhatt85@gmail.com

THANKS

We have received monthly basis invoices from our clients by narrating "Raw Date", "Website Revamp" & "Web Contents" for our Website Recurring & Development Exp.

Kindly give your expert opinion.

If d company has not declared dividend, then it need not charge depreciation in itz buks of a/cs..True or False..
i know its false..but is there any provision relating to depre n dividend as such???

If payment made by partners to pay his personal expenses e.g.personal credit card exp paid, his home mahanagar gas , cloths, food , pmt made to his relatives , his home electricity exp, and other his personal exp by current account then how do we record those expenses meanse under which head.

Dear Sir,

On the purchase of Fixed assets like M/c, we are Dr.it to M/c a/c & Cr. to Party a/c.
Can we show the same m/c in purchase a/c first in Mfg. & Trading a/c & then pass the jv to trf. it to fixed assets.

pls suggest.