why is provision dor bad debts of previous year removed from p and l

debenture holder agreed to take over freehold property book value rs 100000 at a valuation 120000 in part payment of their holdings & to provide additional cash of 130000 secured by a floating charges on companys asset at an interest of 8% pa.. amount of freehold property is 425000 6% dentures rs 3750000...can u tell me journal entry for internal reconstruction please

My boss is a director in his sister company.The company pays director's remuneration of Rs.900000/-.The Accountant by mistake deducted TDS for 100000/-i.e Rs.10000/- more.I want to know what accounting entry to be passed in his personal firm in which he is the sole proprioter.
Please give me what journal entry to be passed in his firm.

Dear friends,

Need your help in the below case:

1. Machinery sold to customer.
2. Servicing of machine done by us.
3. Damaged parts removed from machinery and sent to vendor for repairs.
4. Repaired parts received by us.

Please explain the flow of entries...

can anybody help me out, please prodive me with the treatment of bonus, preference shares dividend and proposed dividend, its urgent please....

If in capital account there are frequent drawings,then can we calculate the maximum allowable interest on capital i.e.,12%p.a.simple interest on opening balance or should we use product method to calculate interest on time basis.

if A company not have own fixed assets. and he use the fixed assets of own group companies. then they can share depreciation or Not?

if life insurance paid by partnership firm in favor of partner what will be account entry in books of firm and what will be account entry in partners personal books of account??????



Thanks in advance

When Salary given as advance to staff entry is : staff is " PRAVIN "

"Pravin" A/c DR. 1000/-
to Bank A /c Cr. 1000/

my question is what is the entry at the time of salary given the salary of pravin is 10000/-

i want to take backup for Audit.
i have written 2yrs Account.
but i want to take bakeup only current year i.e. 2010-11 in Tally9.
plz help me its urgent...
thank u