Do provide accounting for Letter of Credit

Dear Sir,

Good Morning,

Now my question is releted to Networth.

In Networth, how's Defeered Tax Lia. or Ass. affect.

Thanks,

Ronak

my company has paid gratuity to its employee on the basis of actual payment . what will be its treatment in books of accounts.will tds be deducted while making the payment and if yes then at what rate

would the treatment be different in case if only amt is due without acturial valuation and not the actual payment made.

Ours is a State Transport Corporation.
We are using Electronic Ticketing Machine for issue of Tickets to the Travelling public. This has an in built system for generation of tickets, invoices and other related documents. It has got an inbuilt program to update the data in the main computer so that other remittance, reconciliation, initialisation for subsequent use.

QUERY: What is the depreciation rate under i) Income Tax Act
ii)Companies Act.

How to make provision of gratuity in Accounts for every year? Tell me sir full Calculation details.

If a trader in commodities with actual investment of Rs 1,00,000/- but with a turnover of Rs 1,00,00,000/- and loss of Rs 5,00,000/-. Will he have to get his books of accounts audited?
If not how will the sales be accounted for?

Hi,

I am keeping book of A/c, I want to generate an entry systems where i am paying Lic premium. it should effect my Bank, Premium paid. Also keep a track of how much premium is paid for a Policy in total till date.

What are the entries should i do?

Can any one suggest the entries for this.

Thanks, and wiating for a reply.

The Godown of A has rented out to B of Rs.72,000 & B is not using the same godown. B has rented out the godown to C. C is using the Godown & paid rent to B after deducting TDS @17%. How much amount B will pay to A & what is the rate of TDS (Here, A has made agreement with B to receive of Rs.72000 as rent. If the system is wrong what is actual system? Kindly reply.

Dear all,

I am working in Manufacturing industry in Costing Dept. Now, my working scope is expanding to accounts also. But, I am not very comfortable with Debit / Credit concepts. Can you suggest any good book to easily understand the accounting concepts right from posting Debit/Credit entries to finalisation of accounts ..?

waiting for your reply.

Can u tell me what were the rates of gold on 31-03-09