Please help me!

Mr.A has to give interest of Rs.1000/- and (TDS to be deducted @10%) to Mr.B

What is the journal and payment/receipt entry in the books of both Mr.A and Mr.B

What are the changes given in Schedule Vi Balance , If any have formate of the same please share with.

OUR COMPANY PROVIDE DEPRECIATION ON SLM BASIS. BUT IN CASE OF A PARTICULAR ASSET WHICH WAS PURCHASED 20 YEARS BEFORE THE RATE OF DEPRECIATION IS @ 5.28% i.e THE ASSET HAS BEEN FULLY DEPRECIATED. BUT IN THE SAME GROUP ANOTHER ASSETS WHICH WAS PURCHASED 5 YEARS BEFORE IS ALSO EXISTS.NOW IT IS NOT POSSIABLE TO SEGREGATE THE SAME ASSETS FOR DEPRECIATION PURPOSE. SO IN THIS SITUATION HOW WE WILL CALCULATE DEPRECIATION UNDER COMPANIES ACT.FOR THE CURRENT FINANCIAL YEAR.

Hey.Iam referring ICAI material and Pathuka(Gurukripa) material and scanners for referring accounts..let it be cost or accounts.These books have good concept coverage as well as problems.But..my friends are suggesting TUlSIAN s book for accounting.But..is it worth reading at this moment of time??I have time left..1month is very much..But.I d rather be referring nd revising the planned materials again rather than going for a new one..But..if it is really worthy..I can surely give it a try..Please advise me.........Help....

Can you please explain in 4 or 5 points about the role of an accountant in an organization in general?

do the revised schedule vi is relevant for may,2011 ca exams...???

do revised schedule is relevant for may,2011 pcc exams...???

I came across a Journal Entry :-

Interest Paid A/c Dr. 10000
(Grouped under Indirect Exps.)
To Mr. X A/c 10000
(Grouped under Unsecured Loan)

(Narration : 12% interest charged)

Please explain the above journal entry.



Regards,
Devendra

Dear Friends,

Should Medical/Life/Other Insurance be deducted from capital a/c or Should it be shown in P&L a/c in case of Proprietorship business? What are the tax implications?

Your Contribution will be appreciated.

Respected Sir,s

Iwant to Know that any employee not received any amount of childern education allowance from company. can he claim examption for childern education ?