If Vat & Service Tax are charges in Indirect Expenses suche as Printing Stationery,Repairs etc,Service tax charges in Maintanance,Repairs,Rents Etc.How should the Expenses Accounted.Whether setoff or Benefit can be taken.Please give some Logic.how should i account.

Muncipal Tax Paid what should be the account head.

Regards

Dear Sir,

A Prop. has purchased Land.The Land is Capitalized in FY 2009-10.In April he Has paid Grampanchyat Dues say about 60,000.00

What Should we the Account head for Such type of Expenses.what entry should i Pass in Books of Accounts

Regards

Dear All,
Kindly give some idea on Input VAT Credit and Cenvat Credit in case of VAT, Excise Duty, Service Tax.

sir,
how to treat accounting entries for super stockist/sub-stockist of mobile phones easy recharges and pre-paid coupons.
1.One super stockist of mobile phones easy recharge purchase easy recharge of mobile currency from bharati airtel ltd. through transfer of balance to the company against RTGS, after getting the stock to his mobile phone,this balance transferred to his sub stockists through his mobile phone. For this he would get 4.5% commission from the company and for such commission he would pass 3.5% commission to his sub stockist. Whether this transaction treated as purchase/sale transaction or net commission transaction.
2. similarly the super stockist bought pre-paid coupons of mobile currency from the company against RTGS, and the stock will receive through courier services, for this he would get some commission. such stock he would resale to his sub-stockist, and give some commission.

How to treat these type of transactions in the financial statements. If they treat these transactions as trading transactions his turnover will cross over 10 crores or more. But he will get only 1% or less commission for such transactions.

earlier company was unlisted company,in the p.y company has listed in stock exchange.so listing fees paid to stock exchange,
so how to record this expenditure. whether it is debited as a preliminary exp or revenue exp

How much expebditure one co. can put under miscelloneous expenditure head?


Whats the rules of any item putting under mis. expenditure head?

I have a query pl. read it carefully:
A institute is providing some kind of Training & vocational services to students and charging fee from them as follows:

At the time of Registration they are charging: 1000/-Rs. per student (suppose it happens on 25th of april)

At the time of admission: 10000/- Rs. per student (suppose it happens on 15th of May)

On first class: 15000/-Rs. per student (Received on 1st June)(from here the student will get start services)

Then Rs. 10000/- on 5th of every month (in 10 installments)

What would be the accounting entries for each of above mentioned?
Income for APril & May month???

Deffered training fees amount???

Training & Development fees??

Thanks in advance!

In our company books its shown
in Balance sheet closing stock=closing stock of Raw materials,w-i-p,stores spares,Finished goods but in Profit & Loss A/C the opening stock and closing stock shown only the stock of Finished goods and w-i-p why ?

tell me a job work firm has made an entry like this

tolal value 7755/-
5% vat 80% of value 310/-
cartage 150/-
total ----------
8215/-
------------
tell me how to adjust a 77/- diffrence of tax . is it correct sale invoice mathod .

In Balance Sheet Closing stock comprises Closing stock of Raw materials,W-I-P,Stores spare parts,Finished goods etc but in Profit & loss A/C the opening stock and closing stock comprises of what is this is opening,closing stock of Raw materials,w-i-p,finished goods,stores etc or it should be only opening,closing stock of Finished goods and w-i-p.