Accounts QnA - Page No 1322

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sandeep

26 October 2010 at 00:46

Tds

I want to know in case of a pvt. Ltd. Co. If director recieve salary.what is its entry in tally. And all entry in case of tds deduct on comission.

vicky

25 October 2010 at 22:44

General

Sir,

Please tell me the difference in Mercentile System of Accounting & Accrual Basis of Accounting.

Regards

Devendra

25 October 2010 at 11:12

Amortization of expense/income

what do you mean by amortization of expense/income in accounts? Please explain.

Regards
Devendra

Anonymous

24 October 2010 at 23:02

DEAR SIR
I TAKE ONE L/G FROM BANK RS.20000/- AND BANK DEDUCTED FROM US RS.21000/ AND MARGIN STATEMENT FROM BANK SHOWING RS.21000/- BUT L/G SHOWING ONLY RS.20000/-
SO THE ENTRY MUST BE

MARGIN ON GTEE DR RS.1000/-
L/G DR RS.20000/-

TO
BANK RS.21000/-
THIS ENTRY IS RIGHT OR NOT PLEASE HELP ME

Anonymous

24 October 2010 at 22:50

BAD DEBTS

DEAR SIR
HOW WE WILL CREATE PROV FOR BAD DEBTS PLEASE GIVE ME ONE EXAMPLE AND WHAT IS THE DIFF BETWEEN PROV FOR BAD DEBTS AND PROV FOR BAD & DOUBTFUL DEBTS

Anonymous

24 October 2010 at 22:19

EXCESS AMOUNT

DEAR SIR
I MAKE INVOICE TO ONE CUSTOMER RS.1000/- AND THE CUSTOMER PAID TO ME RS.1100/- (ONLY ONE TRANSACTION IN THIS A/C,AND I DON'T WANT RETURN THIS AMT) HOW I WILL ADJUST THIS AMOUNT OF RS.100/- WHAT IS ENTRY PLEASE HELP ME

Guest

24 October 2010 at 20:56

Capital budgeting, FM

I have 2 doubts:
1)Why do we not do 'net of tax' to salvage value?
2)In questions of NPV, if there is additional investment made at the end of, say, the 5th year, then do we discount it with PV of 5th year or the 6th year?
According to me, it should be 6th year but the answer was 5th year so I'm confused.

Thanks a lot in advance.