amit lalwani
30 December 2014 at 17:13

Accounting entry

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


Rahul Ranjan
30 December 2014 at 13:58

Account

Is Salary account pertains under Nominal Accounts?


pk7799

what are the duties and responsibilities of an accountant working in a manufacturing company and what should he maintain the books?



Anonymous
30 December 2014 at 12:03

Vat in tally

if in my organization dealing in three state , so in Tally we have to create three company in order to get VAT status in Tally


CA Parul Saxena
30 December 2014 at 10:15

Provident fund amendments 2014 query

If an employees monthly basic is Rs.20000 per month then please tell me about additional pf rate and amount of pf



Anonymous

what are the compulsory books to be maintained by an accountant in an newly established manufacturing company?


Piyush
29 December 2014 at 18:07

Auditor appointment when not ratified

As per section 139, appointment of auditor shall be ratified at every agm. I want to know, what will be the result if ratification is not been done in any agm by the members through ordinary resolution. Please answer, thank you all in advance.



Anonymous
29 December 2014 at 15:23

Account head

Sir, I would like to ask regarding a supplier who is also a customer of a business and having many transactions during the year , under what account head to be consider in book of accounts .Either sundry creditor or debtors.your advice is requested ?.


vikaskumar
29 December 2014 at 12:41

Queries

tcs should be on assessable value or after vat value


GULSHAN MOHANDAS MANGLANI

Investment made for replacement of asset- is trade/ non trade






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