Please tell me what will be the journal entry of following transaction and also income tax treatment:-

I book shares 1000 shares100000. & sold all 1000 shares for110000. and a cheque of net amount10000/- recd.
I did not made any payment regarding above transaction only10000/- cheque recd.

what will be change if this type of transaction occurs 20 to 30 times in a day and net profit or loss amount received at last day of the year

What required things to be consider for PMS
accounting

What is treatment of gain or income realized from PMS holdings

What will the treatment of expenses before start of business and VAT registration in case of Partnership Firm? The expenses has been incurred by partner itself What is the accounting entry?
Plz explain in detail?

Hi...I have an sb a/c in corp bank,recently my relative wanted a DD for 750000 rupees, so we went and deposited the amount in my sb a/c and in an hour v got DD for the required sum.. My question is,is there any tax amount i need to pay to the bank? i never transacted such a amount of money before, as i am a student... are there any future consequences??? Pls respond.

Hi

Please tell me whether depreciation is to be calculated( both days inclusive ) i.e date of purchase and closing date or exclusive of one day.

Also tell me that we have purchased a Syntax Water Tank .....how should i Depreciate the same .. under which head .. and what depreciation rate is to be affixed

Kindly help

In a private Ltd. there is foreign currency balance as on 31/3/2011.

US$-600

HK$-455

Euro-755

What is the accounting treatement.?

Also is that like cash balance, so in tally new _______account have to create?

Also is there Link to find out the value on 31/3/2011. i search in google but didnt get the result.

Is there any FEMA regualation have to follow.?





Thanks in Advance.

Dear All,

What will be the journal entry for warrenty extention of the computer. The warrenty period is from June2010 to May 2011.

What will be the journal entry for the financial year 2010-11 and 2011-12

what is red inkinterst

one of our client started a pvt ltd company having share capital rs.100,000/-. date of incorporation 01/06/2010.

1. before this date he had paid for office furniture rs.100,000/-, laptop rs.50000/-, shop deposit Rs.100000/-.

2. on 01/08/2010 he deposited rs.100000/- from his personal account into company bank account.


what entry should be passed for these transaction.

one person having income from Sale of comodity i.e guwar, chana etc and also sub broker (he is not actual purchase guwar item physically and not sale physcially.) he does it online...


also we mention op.stock and cl.stock of each item.

how can i make notes about revenue recogination in notes in a/c