I always get jumbled up with debit and credit notes...Can anyone tell me in simple language,when is a debit/credit note issued? Why is it issued?

Plz tell me what is decommisioned asset.

Can any one tell me when contra entry will be passed.Give an example

What can be the entry for credit card payment and how can it be adjusted in Bank reconcilliation statement.

One of my Client has several unsecured loans. The interest for which has been calculated @ 18% PA & credited to the party's a/c on 31 March 09. The interest has been paid to the party on 18 Aug 09.

My question is: Can interest be calculated for the period April 1, 2009 to August 18, 2009, on the interest credited to the a/c last year & paid this year?

what is the last date tds return of the last quater f.y. 2009-10

DEAR SIR,

AS WE ALL KNOW THAT THE LIMIT OF ESI IS INCREASED UPTO RS15000/-.

I JUST WANT TO KNOW THAT IS THIS INCLUDES THE EMPLOYERS CONTRIBUTION OF EPF ?

PLZ REPLY

THANKS

If somebody has not made an entry in Bank book but the amount is reflected in Bank statement and year is closed & in BRS this amount is shown under the head amount debited/credited by bank but not entered in bank book, then what will be the treatment in next year.

there is difference in banks pass book and bank column cash book .it is rectified by BRS, BUT which balance is posted to balancesheet and why?pass book balance or bank column cash book balance?

Our client being a Pvt. Ltd. Co.has purchased textile machine of worth Rs.35 Lacs on 08.06.2009 & same put to use on 01.07.2009.Later on received Tuf subsidy on the above machinery of Rs.6 lacs on 12.01.2010.

Now our query is (i) What will be treatment of the above transactions in books of A/c & (ii) How much Depreciation will be recorded in Books as per Companies Act as well as as per I.T.Act.

Please reply urgently.

Thanks in Advance.

Ankur Baheti