Dear Experts,
I would like to know the accounting treatment of the following transaction :

I have a Creditor i.e, Mr.A which he owe Rs 25,000..I have an debtor Mr.B also which i owe Rs 25,000. I have told Mr B to transfer the money in the account of Mr A..

I would like to know the accounting treatment in my books..??

Pls suggest !!!

My chairman purchased a high end laptop for cash in hongkong. It is now in india office for office use. How can we capitalize it in company books

Initially Entry for Interest on FD should be Like this :


1) FD A/c Dr. Rs.50
To INTEREST A/c Rs.50

2)BANK A/c Dr.45
TDS A/c Dr.5
To FD A/c Rs.50

However i have passed the entry like this :

BANK A/c Dr.45
TO INTEREST A/c Rs.45


So now how should i rectify this entry?

can anyone share the important chapters or questions for CS final. what the strategy to be applied to complete the syllabus as I m giving all groups of CS FINAL. plz suggest

1. M/s Suresh Enterpries had Paper Purchased Rs 86700.00 against 2% CST ( Purchase Rs 85000 & CST Rs 1700.00) to Raj Paper Pvt Ltd.
2. M/s Suresh Enterprise Paid (through SBI)Entry Tax @ 5% = 4335/- of Purchase to Sales Tax (Bihar Commercial Tax Dep) month of end.

What is the above both journal entry ?

Plz advise urgently

A co. purchased a lenovo I pad for their sale staff. its a fa or a expense under which head

There is one payment(Suspense) entry of Rs. 1 Lakh in my book of accounts. But I dont know that to whom I had made this payment. So plz tell how can I clear this suspense

what are the books of accounts trust is require to keep?

Hello,
We have issued credit note for loss of damaged goods.
Now I am confused, how it should be treated?
either
1) it is taken as normal or abnormal loss
2) it is treated as direct expenses as whatever loss is incurred it is increases our cost
3) or we have reduced sales amount.

Thanks in advance......

sir i hav registered in cs from delhi and given executive there. i hav enrolled for professional in delhi now can i change my center to sum other city of india instead of delhi nd give exam there