let's take an example "we as a firm paid hotel bills for rs 10000 from bank account on 25.03.16, for petrol 2000 in cash on 10.04.16 some other exp rs 1000 also in cash on 12.04.16. And now raised a bill on 15.04.16 to the client totalling all these rs 13000. It was reimbursed by him on 30.06.16. Please tell me the journal entries.

dear sir,
below EPF annual statement during the F,Y,15-16 of an employee plz guide me what should be amount comes in balance sheet in investment head as ITR purpose .
O/balance employee 2000/-
O/balance employer 500/-
interest employee 200/-
interest employer 100/-
contrbn.employee 4000/-
contrbn.employer 3300/-
C/balance employee 6200/-
C/balance employer 3900/-

What would be the journal entries for expenses incurred on hotels and lodging for bank branch audit which is reimbursed?

Dear Experts,

Our company has purchased 2 swipe (pos machine). What would be accounting entry for this. swipe machine comes under fixed assest or not.

Please guide me .

if our company purchased a pump machine. which one is benefited for company point of view , take to fixed assets account or direct debited to p/l account

I have taken 2500 US Dollar from State Bank Of India and for the same bank has been debited the relvant amount from my partnership firm, like 2500X68 = 170,000/- and bank charged @ 50 rupaiya ...

So my question is what entry i have to do in my accounts books ..pls help..tks

A company is entering into an 8 year rent agreement for factory building. Monthly rent is payable. Stamp duty of 10Lacs, calculated as a percentage of average annual rent is paid on registration of rent agreement. Whether it is to be capitalised or treated as expense?

Why loss is to be shown in balance sheet as asset ? Kindly help me...pls

Dear Experts.,

I have a accounts work for A Proprietors firm in past 5 years. This Assesse's ITR filing one of the Chartered Accountant (FCA). This Assesse get TDS deduction from some Customers for Contract works. The past years TDS amount Rs.235642. These all TDS amounts shown in Balance Sheet under Current Assets like Revenue Authorities. The TDS amount also adjusted/computation in his ITR for every year.

Experts, My Questions/Doubts.,

1. Why these TDS amount shown in Balance Sheet under Revenue Authorities or Current Assets...?
2. What is the rules for maintain TDS amounts in Balance Sheet...?
3. How many year will be follow the TDS amount under Revenue Authorities...?
4. The same rule in Partnership Firm...? or Not...?

Thanks & Regards
P.M. RAJA

pass the journal entries in p&l and bank account basic salary hra allowance PF employee PF employer professional tax income tax could you please tell me what Journal entries comes for the above