10% Capital Investment Subsidy received from Central Government on september,2011 aganist the investment made on plant & Machinery during the financial year 2004-05, but for the same no accounting has been provided in the books. kindly suggest the Accounting Treatment for the F.Y 2010-11.

Can anybody please tell me the difference between Amalgamation and Merger
Plz reply as soon as possible

Dear Experts,

Pls tell in which head E.S.I.C. expense will come in balance sheet or profit & loss a/c.

i came to know from one of my friend that costing syllabus are based on cost standards.he told me that costing standards changes each year.but when i searched google there were no amendments for costing in last few year.i had studied costing in nov 09 from one of the recognized teacher so i want to know whether there is any change.And if there is change from where i could download it.

thanks in advance

Dear All

One of our senior officer transferred from Bangalore to Delhi and his household transportation charges are paid by the office. so could you me advise that what is nature of expenses i.e. it is perquisite to an employee or it is office expenses. if office expenses, in which head would be booked.

Regards
Bhoop Singh

Dear Sir / Madam,

My MD Sir Salary is Es. 67050/- on that much of amount Rs. 7000/- is deducting as TDS per a month.

If the Salary is Rs. 86550/- how much the amount to be deducted as TDS per a month.

Could you send me the message to my email ID Plz.

satheesh.safal@gmail.com

Dear Sir / Madam,

Could you please advise me.
We are deducting our MD Sir Salary67050/- on that amount, We are deducting TDS7000/- per a month.

But the Salary increased to86550/- can you advise me how much the to be deducted on this amount of Salary.

Plz Sir.

Thanks & Waiting for your reply.

G. Satheesh
Sr. Accountant.
satheesh.safal@gmail.com
gss2satya@gmail.com

one of our client received payment in advance for a non-civil contract on 16/03/2011. he also made the provision for service tax and paid on 31.03.2011. Now as per service tax law it is cumpolsury to raise the invoice within 15 days of advance payment received. my client raised the invoice also on 31.03.2011. But my friends the contract is not started in F.Y. 2010-2011 but it is started in April 2011. Now i want to know how we can recognice the revenue for F.Y. 2010-2011 for this part. Please tell me asap

Here my query is whether Borewell to be capitalized under Buildings or Land as Land development. Further whether can I capitalize drilling cost, PVC Pipes, Electrical Compressor and other accesories all put together as borewell.

Three parties X,Y AND Z
"X" sold goods to "y"worth Rs.80000. "X" has given discount to "Y" of Rs. 30000

In the books of "Z", "Y" has a debit balance of Rs.38000. He settles the same by paying Rs. 8000 and asks to adjust the discount of Rs.30000 received from "X"

"X" and "Z" have continuous running balance in each other's books.

will "X" be able to take credit of discount given in his books? if so please suggest the accounting entries