can i show prepaid salaries in balance sheet as a asset?

suppose we have make payment against voucher on 02.05.2016 and we will receive bill on 5.05.2016 for petrol expenses my question is when we will make entry in system on 2 nd may or 5 th may please suggest answer

Good evening, While registering tan following error occurs Tan not available in tan masterAll statements filed for fy 2009-10 nd onwards are in cancelled state or nil statements .Now tell me how to register it?

A company is engaged in the business of transmitting electric power. It has a network of power transmission grids and sub-stations for distributing power.across the couintry. Recently it has entered into the business of providing consultancy to other organizations especially State Electricity Distribution Companies for setting up of distribution network, subststions etc. Some of their clients have in the recent past requested them for testing transformer oil. The company is treating revenue earned on account of testing transformer oil as 'Income from consultancy' and is booking it into their profit centre "Consultancy".
In this regard I have two queries:
1. Is the accounting treatment correct or should the Company book it as "Other income" in their profit centre "Transmission"?
2. Is a request made for testing other company's transformer oil a consultancy assignment?

Sir, my question is that we sold the scrap of bardan which comes from sugar consumption but buyer didnt have a pan card so what is the possibility of deduction of tcs or tcs only deduct on plastic scrap because it is not a plastic scrap it is bori like bardan not jute bag

Dear member, can anyone tell me which type of provisions we have to made at the end of financial. i am working as an accountant in private limited company and please provide journal entry also

Why closing stock is shown in credit side of Trading Account even it is asset but not an Income

what are the changes applicable in accounting PAPER - 1 ? Which AS & Chapters are affacted due to Changes? For IPCC May 2016 EXAM

In the case of Power generating company till date not started operational activity. so in mention subject please guide me which expenses will be capitalized or which expenses will be reflect in profit and loss statement and which accounting standard apply ?

Hi

As per my understanding, Goods in Transit should be shown in books of accounts when inventory has been dispatched to the customer, but the risk is on us. That is, we have not recognized it as sales. Please help me identify if I am correct on this understanding?

Now, should we show this transaction as Goods in transit every time such transaction happens, that is, we have dispatched the goods but these have not reached at buyer's place..or should we show Goods in Transit only during account period close?

Any help would be highly appreciated.