We paid self assesement Income tax for year
2013-14 , In oct 2014 . now how can make
paid tax entry in current year we completed
2013-14 audit. our firm is partnership we have
not made any tax provision in 2013-14 please
explain deeply

We paid exgratia payment to our staff . can we make exgratia account under indirect expense group and debit is it ok ? Bonus act is not applicable on our firm

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One of my client purchased the audi car, during the year,and insurance paid on this is 1,00,000/- can this be added to the cost of the fixed asset.

please clarify this.

Dear all,

1)Suppose useful life on an asset in NIL as per Companies act 2013
Puchase price of an asset 100000
WDV as on 31-03-2014 11000

2)Suppose useful life on an asset in NIL as per Companies act 2013
Puchase price of an asset 100000
WDV as on 31-03-2014 3000

Plese guide me about accounting entry for depreciation as per companies act 2013

Sir I have a doubt Suppose in a manufacturing unit ...fooding expense paid if they work more than usual working hours. Means Food provided in overtime case So these expense is direct expense or indirect expense

plz ans this urgent query. if purchase order is raised on jan 14. grin is prepared in march 14..bt installation report is of may 14..so what will be the accounting entry for this transaction. .. do we need to create creditors for this or we need to show it in wip..our ca says as installation report is of next year we will nt generate creditors or will not show in wip as payment is made in 14-15..plz help

Dear Sir,

Let Mr. Ram works in ABC Co.
Mr. Ram's Gross Salary 17,656/- Provident Fund Rs. 1059/- Profession Tax Rs. 130/- So his net Salary Rs. 16,467/-
Now I am sitting Mr. Ram's Books what will be the Journal entries Pl. tell
at first I want to pass it from JV mode then Payment mode in tally what will be the entries pl. tell urgently need

Please suggest an accounting entry

A director has purchased a property which is fully financed by Standard Chartered Bank,

Now, the director pays the EMI on monthly basis

NOw the BAnk (HDFC) of the company in which that person is the director, approaches the Company, that the bank (HDFC) will take over the existing loan of the director,

HDFC pays the loan to SCB of the director, and fianlize a agreement in the name of the Company and now the company pays the loan amount as EMi

Please suggest the accounting entry in the books of

1) Comapny

2) Director

The property is in the name of Director

Is Salary account pertains under Nominal Accounts?