please let me know if electric installation done in office for Rs.9 lakhs..to which head of account this should be taken
Head of a/c (for chq retd chr.for insufficient funds)
please let me know if the cheque sent for clearing is being returned by the bank due to insufficient funds and for that bank has charged some amount ...so to which head of a/c these charges should be taken...pls anyone reply asap.Tks
Provision
Dear Sir,
We Made Provision of Interest Receivable on Water Deposit Rs. 17359/- in FY 13-14
But actual interest revived us Rs. 15624/-
in FY 14-15
How to pass Diff Amt JV, Rs.1735/-
Pls Advice
Income tax refund
how to account for income tax refund when there is no provision for tax,tds or advance tax entries in Tally?
Goods purchase entry
There is one my supplier. I purchased raw material from him. In his bill he charged VAT on 80% portion of the bill and on 20% nothing.
My question is that what is accounting entry for this. Whether I should charged entire amount to Raw Material Purchase A/c or I should charge 80% to Raw Material Purchase A/c and 20% to Labour Charges A/c.
e.g. Total Contract Amount 100
VAT @ 12.5% on 80% of Rs.100 10
Total Invoice Amount 120
Trade discount
Dear Sir,
Please tell Trade Discount received from Sundry Creditors is in under Purchase account or Indirect Income,
Accounting
while working how i improve my analysis & taxation ? give some good tips what we consider or what not consider, also explained some good tips for analysis of accounts.
Cash payment limit
Whats per day cash payment limit to employees & others.
New partner in firm
Dear Sir,
if new partner is entered in to firm during the f.y. ( feb ) and he gets monthly salary some amt. can i capitalised his annual salary or from feb only ?
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Head of a/c (elec fittings in office)