can anyone tell me the accounting entires in e commerce company .....like Flipkart because we are provide the site to sell product of vendors..

the amount of rent receivable on 31 march 2016 is 75000 but actual rent was received on 16 april 2016 net of tds, now what should be the journal entry on 31 march and on the atual date of receipt.

a company invested in a gratuity fund scheme in lic and booked expenses now transfer investment company from LIC to india first and recieved invested amt from LIC . what is the treatment of received amt.

can anyine please clear the difference between ptec & ptrc

Head office sent a money to new branch for opening new bank a/c. What entry should made by the Branch in Branch Books and What entry should made by the HO in HO Books ?

we having partnership Firm, sign MOU of Non­Agriculture Land of Rs 2,00,00,000/­ on 19th August,2015. And Paid Amount of Rs 1,80,00,000/­ as
advance on 19th August,2015 and remaining will be paid at time of final sale deed. Apart from this e deduct TDS on 29th March, 2016 on 1,80,00,000
as 1% So TDS amount Rs. 180000 and interest of rs 21600 Total Tax Payment 2,01,600/­.
My Question
1) What are Accounting Entries required for these transaction.
2) As sale deed not exist only MOU made by Firm, so amount paid in advance will be shown in balance sheet as advance payment or what? As My
firm are in construction business so Land will be as stock or as capital?

what is the treatment for revenue expenses when commercial production has not commenced ? Do we have to capitalise it under preoperative exepenses under current assets or to be charged in profit or loss account ?

SIR
Can u please tell me the Rules to deduct ESI and EPF. AND WHAT SHOULD BE THE JOURNAL ENTRY REQUIRED TO BE PASSED IN TALLY ?

Employer contribution to epf and esi is expenditure for him or not.

please tell m i right or wrong..........ASSUMe SALARY Rs. 10000/-

SALARY A/C (expense) DR 10000
EMPLOYER ESI (expense) DR 367
EMPLOYER EPF (expense) DR 475
TO EMPLOYEE EPF PAYABLE (liability) 1200
TO EMPLOYEE ESI PAYABLE (liability) 475
TO EMPLOYER ESI PAYABLE (liability) 367
TO EMPLOYER EPF PAYABLE (liability) 475
TO SALARY PAYABLE A/C (liability) 8325

Dear All,

On 30th March 2016, MCA notified companies (Accounting standards) Amendment Rules 2016, where AS 10 and AS 6 has been replaced with revised AS 10. And this revised AS are applicable from date of notification (i.e., 30th March 2016). However, MCA received several representations for deferring the applicability date. NO final decision on deferment has been taken yet.

In light with the above, I am all confused as to whether Ind AS 16 will apply or this revised AS 10 for PPE's. Or their applicability will vary for Level I,II,III companies, as level I has to apply Ind AS from 1st April 2016 and level II from 1st April 2017 mandatorily.

Kindly enlighten.

Regards,
Monica

Dear Member,

We have receiving sample assets (Fixed) at free of cost from Head quarters.

Kindly let me know-at Ind As transition, what is the accounting treatment.