Plz tell me accounting entries of following:-

Income tax payable 500000/-
Advance Tax 100000/-
TDS Deducted 50000/-
Net Income tax payable 350000/-

I have a query whether in accounts provision for made for the full amount i.e.Rs.500000/- without adjusting advance tax and TDS.and if yes adjustment entries when is required to be passed whether after final payment of tax and whether in finalised bal. sheet this adjustment entry to be considered.Pls reply

Initially the materials was imported without payment of custom duty.
Due to non fulfillment of installation condition within three years,
DGFT demand the customs duty suppose Rs. 100/-
Interest was also demanded for entire period which comes to Rs.15/-

What will be treatment of both expenses?

sir plz guide me regarding the accounting treatment of the following situation in case of a private Ltd company :

Tax payable = Rs.5,00,000

TDS deducted = Rs.2,00,000(standing in the books)

i want to know how much provision for tax should be made in the books of account.

sir the client has done the following treatment:

Profit and Loss Account

Profit before tax 8,00,000.00

provision for tax 3,00.000.00

tds deducted 2,00,000.00

net profit 3,00,000.00

Sir is it right presentation to take
tds deducted to profit and loss account instead of adjusting it with provision for tax.In my opinion he should make tax provision for Rs 5,00,000 and adjust the tds with tax provision. sir plz reply soon.

i want to know when manufacturing account is prepared as one of our client is engaged in manufacturing of pet bottles but instead of preparing manufacturing account he prepares trading and profit & loss account for the last five years.i also want to know as he prepare trading a/c he is charging factory rent as indirect expense which I think is wrong. plz reply soon. thanks in advance.

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.