Our Company Purchase a machinery from Gujrat. Machine Cost 12000.00 Ex Duty12.5% 1500.00 Cst2%. 270.00 Total 13770.00 And our Company Reg in Service tax and take Input Credit of Excise Duty paid on the machinery at the time of purchase against the service Tax charge by our company while providing Job Work service . So what Entry Will Pass for the Purchase Bill of machinery . with keep in mind CST 2% And Excise Duty

important AS for CA finals

I am a tour & Travel agent . I take money from clients and book the tickets & package out of the money received I n between i earn my commission.

How would I show my sales in my books. It will be shown as gross sales or only net commission. I book travel packages fpr my clients.
Thanks
in advance

If employee purchase a Telephone connection of his name for company work and company pay directly to vendor(Tata DoCoMo,Airtel,Vodafone) etc. Can some one let me there is any doubt in accounting. Please Suggest

Hii , what is method to be followed if a company took over all the assets other than goodwill of the transferor company

In case of depot, labour expense w.r.t. unloading of goods shall be shown as direct expense under Trading a/c or indirect expense under P&L a/c.

SIR, I WANT TO KNOW THAT IF I HAVE SALE PRODUCT IN CASH & SAME DAY I DEPOSITED SAME AMOUNT IN BANK THEN I BOOK IN TALLY TWO ENTRY WHICH IS RIGHT :
BANK DR SALES CR ( CASH SALE & DEPOSIT SAME AMT. IN BANK )

OR

CASH DR RECEIVE CASH AGAINST SALE
SALES CR

BANK DR DEPOSIT IN BANK
CASH CR

In case of Take Over of a Company (on Intrinsic value basis) " If Transferor Company has Miscellanous Expenditure Prevailing in its Balance Sheet then while calculating Share Price on Intrinsic Value (I.V.) basis should we deduct the said Miscellanous Expenditure from Assets (as we deduct current liabilities, loans etc)"

Please Help

Hello everyone, I had a query to be resolved. Can anyone help me knowing details on the IFRS diploma course by ACCA such as process for registering online, pre requisite set of documents required, due date for December exams. Also, I request you to answer in detail so that no cross questions need to be asked. Thanks in advance !!

Due to Wrong Entry in Previous year Closing Stock was taken as 750000/- instead of Rs. 250000/-.How to adjust it in current Year?