Please help,

Managerial Salary is Rs 3600/- in Trial Balance, but as per calculation (Adjustment) is Rs. 5723/-. Then what is the effect of Balance amount i.e. (5723-3600) 2123/-. As per ICAI Notes its shown in Sundry Creditors under Trade Payable. Please tell it is right ?

DEAR SIR,

WHAT IS THE MAJOR DIFFERENCE BETWEEN SINGLE ENTRY & DOUBLE ENTRY SYSTEM AND WHAT IS THE MAJOR DIFFERENCE BETWEEN P&L A/c and income & expenditure a/c. in p&l a/c we take jv' s or not. in p&l a/c Exp & profits really occured or estimation.

Sir i checked Reliance Communication Balance sheet in moneycontrol.com website. i saw RCom make 9 month balance sheet in 2005 and after 2007 it made 15 month. As per my knowledge Company made balance on that period at first time. Kindly clarify

plz suggest i had made payment of Rs.1350000/- out of invoice 1500000(150000) tds deducted but not paid into goverment.payment made on sept 10.now i want to deposit dis 150000/- as tds.plz suggest is it attract any penalty for not depositing tds within time...or what else options r there plz suggest....the said payment made to advocate (Professional Fees)

One bank does a provision as staff training payable every year.Once,one staff was sent to us(firm) for training ....with a advance of USD 2,500....with INDIAN exchange rate of 48....later, he returned and have to reimburse rs 500 USD...in which exchange rate was 43......where to charge such diffErence???
PLEASE HELP ME BY AS,IFRS,GAAP ..any appication ???

plz suggest accounting entry for leave encashment and bonus payment

sir, why is P/l a/c is debited in the entry for provision for bad debts??

i.e P/l a/c dr.
To,provision for bad debts A/c..


Also what do we mean by write off. or written off.

also sir, is this entry correct when bad debts are recovered??

Cash a/c dr.
to bad debts recovery a/c..

Sir, while calculating Rebate on Bills Discounted ( Banking Companies)is 3 days of Grace shall be added or not?
Eg: 1. Bill Date 09.02.02, term period 4 months then how many days should have to take into consideration, shall we add grace days or not?
In some questions we are adding grace days and in some it is not added. plzzz clear it sir.

Dear Sir/Madam,
We Accountants often visit various statutory Departments for various Statutory Jobs. Accordingly we do spend some amount of money over there for getting various jobs done.In which best suitable account head these expenses may be booked-can any one please tell me.
Thanks & Regards,

Please Explain the difference between Accounts payable & Creditors or AR & Debtors?