What is the accounting entry for issue of sweat equity shares to directors for consideration other than cash?

please let me no how to make entry for letter of credit transactions in the books

Dear Friends / Experts,

Please let me know the way to overcome the rounding off amounts especially for service tax 10.3%.

This is my situation.

12500 Fees amount
1287.50 Service tax 10.3%
0.50 ?????

Please advise suitably.


Thanks.
DK.

Debentures in books of holdin co.
(75000 of100 each ). - 75 lakhs

Subsidiary holds 45000 debentures standing in its books at 42 lakhs

How to consolidate and what will be effect of the same while analysing for capital and revenue?will3 lakh be considered as profit and added to revenue side of p&l a/c while analysing the capital and revenue chart if yes then why ?

dear friend / sir / madam.

i simply come to point...
ie
some transaction are given bellow ....

05/12/2010 : rahul collect salary advance
250.00 dhs
15/12/2010 : sameer collect salary advance
500.00 dhs
( here rahul salary 2500.00 dhs/ month )
( sameer salary 2500.00 dhs / month)

the co,does not pay salary at end of the month,ie 31/12/2010 and they will paid 15/01/2011.
here how many entries need in tally ...
and which amount will come salay payable ..
and which amount will come as salary
pls provide brief information as early as possible ,,,,
and mail me umer.binhassan@gmail.com

Dear all

Kindly let me know
How to account following transactions in Books of Accounts & Trading account

1)Intra day Transaction of 600 shares Purchase at Rs. 100 & sales at Rs. 105
2) Short sale of 500 shares at Rs.100 & buy back at Rs.105 ( loss booked)
3)F&O Purchase of 1000 shares at Rs.50

I will be thank full if you solve my problem

Thanking you
With regards

Can any body tell me that goods purchased on 29.03.2010 and not entered in the books of accounts as goods in transit on 31.03.2010, and subsequently entered as purchase on 02.04.2010 will be a prior period item or not?

The goods are received on 02.04.2010 and the MRN is of the same date.

What will be its treatment in income tax ?

What are the accounting entries to be made for gratuity in the following cases :-

1.When the employer makes payment to LIC linked gratuity.

2.When the gratuity amount is received [from LIC] in the name of the company .

3.When the payment is made to the employee.

Thanks & regards,

ABC CO-OP HOUSING SOCIETY collected Rs.50000/- as sinking fund. this amt is credited to sinking fund reserve a/c.
as per rules this amount should be invested.

company has invested Rs.50000/- in bank FD for 6 month on 01/01/2010. on 31st march suppose accrued interest is Rs.500/-. what will be the accounting entry on 31st march.

What is difference between Corpus Fund and Earmarked Funds