what is defered tax how its accounting

Dear Respective sir,

I would like to know if partnership company
having two partner,
on partner taking salary and other partner is not taking salary.

will tds applicable on partner salary?

Dear All,

My doubt is regarding few expenses that were supposed to be given effect in the previous year as outstanding expenses, like telephone bill..but they wer not shown in the prev accounts. In this case when the payment is made in this current year, should we show it as prior period income or Current year expenditure??
Hope to get a reply asap..
Thanks for the reply in advance..

what is accounting treatment provision for deprecation when asset is sold?

Respected All,
We are purchased materials against Form C.
Kindly clarify Form C is issued for Quarterly basis or annual basis.

Thankyou.

It is said that Realisation A/c is a nominal a/c because it is used to find out Profit/Loss at the time of Amalgamation or Dissolution of Partnership. But, the rule for nominal a/cs, i.e. Debit all expenses and losses and Credit all Incomes and Gains is not followed here! Infact, there's no nominal a/c which is either debited or credited to Realisation A/c. It contains all personal and real a/cs appearing in the B/S. Then, how can it be a nominal a/c. Is its nature something different? Please help.

Dear Experts,

Under which A/C head wb designing expenses should be charged.

Tnx in adv

Dear Experts,

A limited company (unlisted) runs a business of retial chain stores. The company opened a new showroom . My question in reference to the Co. is:

What is the Account head for :
1) Purchase of ploy bags for retail,
2) Cost of pamplets distributed before opening,
3) Cost of other advertisement.
4) Flower and fooding expenses on opening day of such retail show room .
5)Gifts cost- distributed on such day.

Thnx in advance

Dear Sir,

At first I convey my gratitude for replying my query. Sir, I am in a large private co. my boss has given me an expenses for family shifting to our project location due to transfer. The cost is coming Rs.68,000/ against air fare. My query is whether can I pay the reimbursement in cash or if in cheque, shall I deduct TDS agst that expenditure.

Awaiting your reply.

Dear All!

The query pertains to Debits and Credits.

Expense is debit since money is going out but why is Asset debited when we are actually receiving something. It should be credited i.e. increase should be credited rather than debited.

In short what does Debit and Credit actually mean in accountancy.