Machinery loan is taken in pre construction period in new under construction factory. How to post that interest in books of accounts of asessee?(partnership firm)

income tax- dr
to, provision for income tax

is this entry correct? if correct then how this income tax a/c & provision a/c will nulify after assessment.

how to show interest(u/s 234 c) on advance tax in account tally package.
what should b treatment for it.

dear sir,

y we always do proivison entry for any expenses.


regards,

avinash korde

Dear All

We have system to purchase material from china and then export it. At 31.03.2011 some purchase bills are received but sales against that purchase is not made/effected as on 31.03.11. Whether we should book the purchase as prepaid expense or we should not book it at all. Purchase Bills are dated 31.03.2011

Namaste Experts,

I am a Dealer for the branded Ready made garments.

I sell on commission basis & get reimbursement of some expenses.

I sell to the final consumers.

Now,Please let me know how do the accounting of purchase & sales.

Thanking you in anticipation.

REGARDS.

what is accounting standard 7 before revision in 2003 along with its disclosure requirements?

hi everybody
I HAVE NOTIFIED THAT THE ANSWERS GIVEN BY DIFFERENT AUTHORS AND ANSWERS GIVEN BY INSTITUTE VARY PARTICULARLY IN CASE OF CONSOLIDATION AND AMALGAMATION
MOREOVER SAME THING I HAVE FOUND IN CASE SFM SOLUTIONS
CAN ANYONE GUIDE ME THAT SOLUTIONS OF GIVEN BY DIFFERENT AUTHORS AND ANSWERS GIVEN BY INSTITUTE ARE BOTH CORRECT

sir,
Our's is pvt. ltd. co. & we have recd. our profession tax no. just on 12/5/2011 & our incorporation dt. is 17/10/2010
now what is last date of filing prof. tax challan cum return for ay 2011-12 fy 2010-11.
Our amount payable comes around 23000/- from oct to march 2011.
also tell me do late payment interest will be charged or not - as we have recd. our pt regn. now only
urgent

Dear Sir,

I Had booked a bill in March 2011 and made the part payment against that bill after deducted the TDS, tds is also deposited before the due date.Now,my query is that the Balance Payment was done in the current A.Year after deducted the TDS, now can I deposit the TDS with current A.year