actually we have one vender who sign as a proprietor. but when I saw his Pan its last digit is F. so I m confused wht amt of tds to deduct

last yr accrued commission income was Rs.431000 nd received in current year for Rs.360000,here,tds claimed last yr on accrued comm. was 50000.So,my ques. is how to treat this 50000 nd remaining balance of 21000 in accounts??Whether to write off it through capital a/c ?? ( proprietorship concern)

sir i import goods. i make the entry of impor t taking us dollar rate of the receiving date. But i made payment afterwards by taking that day exchange rate. then what should be the exact accounting entry for exhcnage rate fluctuation

If a company has incurred losses in current financial year is it still necessary to calculate Basic Earning Per Share (BEPS) and Diluted Earning Per Share (DEPS)? Since there is a loss this ratio would be negative. It is necessary to report the negative ratio in Balance Sheet as per Schedule VI?

Can Someone PLs tell me the way to Grasp all the accounting standards IN a easy way.................

Dear All
A bill dated 30 march 2014 is received by me on 1 april 2014.
So whether it should be recorded in financial year 2013-14 or FY 2014-15.
Looking forward for a prompt response.
Thank You

i have two busineses under one company.in tally ERP 9, i create seperate company accounts for each business.but some parties give single cheque for two business. so i cant entry it in one accounts because part payment is related to another business. also the reconcialation is a problem for me..what i can do in these cases.

please help me.

I was studying for the competetive test.there i came across one question stating that proviosion for income tax is not recorded in profit and loss appropriation account.is it true.other options are transfer to general reserve proposed dividend and dividend equalisation fund. please need a help over this confusion.

I have some trucks as fixed assets.its overall price is 3,00,00,000. it has a depreciation of 20%. also i repaired some trucks and its value got appreciated.
so how can i account.

Now i create asset account under fixed asset for each asset and put current price as opening balance. and then it is capitalised. is this the correct way?

Is there any provision entries on income like i give service to mr x and raise bill on 31 march but mr x send me chq on 2 april and date on cheque is 10 april

What is entries for above question