We opened a FD account of rs.1.5 crore. Bank informed us that we cannot closed the FD within one month. SO,We opened OD of Rs.50 lakhs in same bank. after one month we closed the FD a/c, on which we received interest, bank deducted TDS on interest and also taken OD amount of Rs.50 lakhs. The remaining amount transferred in our CC account. Now, In which account group we create the accounts and how the Entry should be passed in Tally. Plz reply as early...

I need to know whether the LC opened for importing the goods with the bank for rs. 1000 will be entered in the books as bank OD?

A Proprietor Concern is doing an F&O, so for that purpose what entry has to be passed. It does not keep any margin with the broker. so Whether separate margin account has to be opened under which head?. What about the charges that has to be debited and how it has to be entered in accounts and what about taxation parts. Please explain?.

In chapter of employee stock option plan there is journal entry regarding expense in respect of ESOP recognised during the year

employee compensation expense a/c ...DR
employee stock option outstanding A/C

my query is why employee stock option outstanding is credited ?

I m trying to make account for year 2009-2012 . Transaction type is shares : delivery based, F&O and short selling and intra day . --) is short selling and f&O transactions are speculative ?? --) if I have 500 shares of abc ltd purchased on 10-4-2009 . If I bought 100 shares again on 12-4-2009 and sold 200 shares on same day, what quantum is intra day and what is normal?

in case of import what are the item include in purchase and if i pay transport charge from port to factory godown should i deduct tds or not

Sir/Mam,
how to we have to make personal balance sheet for salaried person.

IS PARA 46 OF AS 11 COMPULSORY FOR COMPANIES TO FOLLOW OR IT IS AN OPTION FOR COMPANIES?WILL IT APPLY ON PARTNERSHIP?

electricity question asked in advance accounting exam is the part of our syllabus??

tds applicable or not for partners salary