varma2233
15 December 2011 at 16:40

Accounts payable & accounts receivable

what is a/c payable
what is a/c receivable
what are the duties of a/c payable clearck

what are the accounts payable & receivable work in amazon company

please tell me

thanking you sir



Dhanapal
15 December 2011 at 15:49

Regarding pf entries

Sirs,

How we make entries for PF contribution of employee and employer. In employer contribution we split their contribution like 8.33% for pension plan and 3.67% (totally 12%). Whereas how we make entry in company's book. how we verify the same. please explain clearly

Thank you,

Regards,
Dhanapal.


Tejasvi gupta
15 December 2011 at 15:03

Share capital

What is the treatment of 'expense on increase in authorised share capital' in books of accounts and income tax purpose?


Neeti
15 December 2011 at 13:55

W/off of closing balances


Dear Members,

A company has Turnover of 4 Crores.and as on 31st March . Debtors of 10 lacs have been w/off.

Is there no limit on the amount to be written off.


Thank you.



Anonymous
15 December 2011 at 13:05

Sales of fixed assets

sir
we are manufacturing of two wheeler Bike accessories, we have sale one machine to any other manufacture & charge CST, my query is that Sale of Machinery will be Count in Sales Accounts or decrease Our Fixed Assets from Balance Sheet.i have done below entry as example

(1) Party A/c Dr 102

Sales A/c Cr 100
CST Cr 2

(2) Sales A/c Dr 100
Machinery A/c Cr 100

kindly suggest.



Guest

We are an Interior Designers Pvt Ltd. Co in chennai. We do Interior Designers work for corporate. we do outstation projects also. in Mumbai there is a big project going on, for that we have 2-3 site supervisiors available. sometimes in urgency of fund for site expenses we transfer the fund to this supervisior personal A/c from our Co. A/c. Plz suggest me how can I adjust or how can I show this amount in our accounts.



Anonymous
15 December 2011 at 11:30

Entry for loss on investment

Dear Sir,

We are Pvt. Ltd co. we did investment of Rs.7500000/- in Pvt Ltd co.during 2006-07 now in December 2012 we sold the share and we received Rs825000/- so what will be entry for the same?

Thanks in advance.....


nishant sahai
14 December 2011 at 18:54

Journal entry

WHAT ENTRY SHOULD WE PASSED IN BOOK A PERSON HAVING SALARY BASIC 10000.00 HRA 4000 PF 1500.0


Anil Bhandari
14 December 2011 at 17:30

Bank guarantee

What is Bank Guarantee?


Hardik Lakhani
14 December 2011 at 11:01

Deferred tax creation

Dear Expert,

For FY 10-11, do we create DTA taking a surcharge of 7.5% or 5%.

I believe it shall incorporate known changes in tax rates, even though it may not be for the current assessment year. (with reference to para 22 of AS-22 which states that certain announcement of tax rates and tax laws may have substantive effect of actual enactment.....measured using such announce tax rates and tax laws)

Kindly advise if my opinion and/or basis is right

Thank You.






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