hello everyone
what is the diffrence between baddebts and provision for bad debts and why provision for baddebts will be created and what are the relevent entries when badebts were incurred

plz tell me the entry of Provison for taxation in accounts ans effects of entry in PnL Balance Sheet. if adavce tax made during the year we have to make any adjustment with Provision for taxation in Accounts

plz tell me the netry of Provison for taxation in accounts ans effects of entry in PnL Balance Sheet. if adavce tax made during the year we have to make any adjustment with Provision for taxation in Accounts

I am working as a Accounts Executive,
I've one doubt that is in my company we are started a contruction of factory. for that pupose we are issued a chq to the contractor. Ho to post this entry.

We have engaged a techinician for the purpose of repairing machinery. He has provided a bill stating labour charges, travelling & fooding seperately. Pls advice how to account in books:- 1.debiting entire amount to repairs & Maint.
2.seperately to the concerned head (if so whether liable for FBT).

On other case expenses of travelling and fooding incurred by us whether attract FBT.

What I want to know is at which rate export sales have to be recorded in the books....Is it at customs rate or RBI rate or Commercial Bank currency buying rates???

What will be the journal entry of goods given away as charity by the proprietor?

Dear All,

Can anybody tell me the accounting treatment of imported cows for a diary project?

X ltd having Computer Worth rs. 25000 in balance sheet during the year x ltd paid rs. 6900 for purchase of software, Rs. 2500 for the maintainance of website, Rs. 3690 purchase of ram, so shall X ltd have to capitalise Rs. 6900 if yes then what is the rate of depreciation in companies act and in cometax act.

1) How do we close books ?
2) what do u mean by Accumilated Deprecion