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?

What will be the accounting treatment of purchase bills bearing date 04.04.2011 but received on 05.04.2011 while material of that bill already received on 25.03.2011 on challan. In what period will the purchases be recorded and what will be the treatment as entry ?

PLEASE TELL ME THAT WHERE I CAN FOUND AND UNDERSTAND THE LIST OF SCHEDULE OF BALANCE SHEET AS PER ACCOUNTING STANDARDS AND ALSO AUDIT ASSURANCE STANDARDS.

Dear Sir Ill interview today for one manufacturing company at mumbai they ask one question (Rs. 50 Is given advance to Mr X for buying stationary and reimbursed Rs.10 Than What would be the entry)

Ill given answer on

1st Entry That : Mr X A/c .......... Dr. Rs.40 (Payment)
To Cash/bank............. Rs.40

2nd Entry That : Cash/Bank A/c ......Dr. Rs.10 (Receipt)
To Mr. X A/c............ Rs.10

3rd Entry that : Stationary A/c .....Dr. Rs.40
To Mr. X A/c..............Rs.40(JV)

Please tell me anything wrong on please sir guide if wrong