How to treat advertisement expenses? Actually we are event management co. On events such as educational fair we use to give ads on papers. It should be of direct or indirect nature?

iam purchasing the raw material in Party A.he is an dealer of Party B.the invoice is issued by party b to me.party a had paid the invoiced amount.we will pay the amount party a with one month credit period.and they will charge interest to me.in that case we are deduct TDS to party A or not.

well i am pursuing cs executive at the moment
and will be taking my exams in june 2014....

my query is regading application of revised schedule VI for old syllabus students......


what should i do? shall i follow old format of p nd l and balance sheet or revised schedule VI??? i am going to write my exam in OLD SYLLABUS

We are buying Books from Offset Printers they are charging 5% Vat on Bill. Can we deduct TDS while payment bill amount ?

If yes what is the % of TDS ?

Sir... I was solving one cash flow statement problem... in the problem .. Reserves and Surplus Opening Balance :132000 Closing Balance : 140000 Net Profit after tax: 18000 there was no adjustment pertaining to Reserves what will be the balance in general reserve? and How to interpret it..? What can be the different interpretations For balance in different types of reserves?

Respected Sir,
\I am working in pvt. ltd. co. we have a motor cycle purchased in june 2013 worth rs. 45000/-

but in feb2014 motor cycle stolen.
we have lodged f.i.r.
what is the journal entry for loss of theft & insurance claim.
with depreciation if rate of dep. is 10 %

respected sir / madame
i am preparing the accounts of a hospital named kapoor hospital. problem here is this that the prop. of the hospital dr .dinesh kapoor make the payment of self assestment tax for hospital through his personal saving account. side by side i am preparing his personal accounts also.
so i jst want to know what will be the accounting treatment in the capital account of dinesh kapoor (under kapoor hospital) and capital account of dinesh kapoor (under his personal accounts)

please reply as soon as possible

thanking you

Experts,
The entry of Purchases is:
purchases dr.100
to creditor 100

AT the Time of Payment:
Creditor a/c dr.100
to bank a/c 90
to Tds A/c 10


Is this entry is also correct:
Purchases dr.100
to creditor 90
to tds payable 10


at the time of payment

Creditor a/c dr. 90
to bank a/c 90



Please explain which entry is appropriate as both gives same impact OR any other reasons.

Experts,

There is a co-operative society, and there is no property in the name of the society, it only collects maintenance charges from the members and takes care of all maintenance etc. expenses.

It spends big amount on building repair (main gate of society, parking area etc.) of Rs.3,00,000 (3 lacs) and on bird net Rs.50,000.

My question is, should this expenditure be treated as revenue exp. or it should be capitalized.

According to my view it should not be capitalized, as there is no fixed asset in the name of the society.

Please reply.


Thanks in advance.

Hello Sir,
i want to book bill of freight which amt Rs. 28712.20 now. party has charged 2000 excess now ready to give Credit note but after payment made. but my question is How to Book Bill of rs. 28712.20 & TDS applicable on which amt after deduction or actual bill amt Rs. 28712.20.
Pls guide with Accounting entry with amt.

normally we book entry
Freight Ac DR
to Party Ac CR

Tds deduct @ the time of Payment
Regards
Asha
pls mail me your answer on aasha2903@gmail.com
waiting for your reply.....