Dear Experts,
what are the accounting entries for the TOD unpaid closing entries and next year's opening entries. with its impact on P&L A/c.



thanks in advance

Car Value (Fixed Asset ) = 62930
Interest = 6846
Down payment by Cash = 12590
Balance 57186 as loan
Monthly EMI of Rs 1191 which includes interest
First month installment 927 + 264 = 1191
Second month 923 + 267 = 1191

Kindly describe which are all the accounts need to create under which heads. in tally

Dear sir,

Can I charge depreciation As per Income tax while closing the company book.Is there any mandatory provision related to depreciation.

sir,, why we needs to create deferred tax liability/asset??, plz give example also.

We have revalued the assets of our company as on 31.03.13 based on the valuation report of a registered valuer. There are four units of our company. While three units following SLM of Depreciation, one unit follows WDV method. The valuer has given his workings on SLM method. We have to make entry for additional depreciation of account of revaluation . How should we pass entry for the unit following WDV method.

dear sir,

we make a purchase order for materail but the materail is theft by someone at transport we have received bill & credit his account, get cenvat credit. now we have received cheque from transport departnt.

how can i make entry in account.

1. under which head it is accounted for purchase of RAM of computer amounting Rs. 1800?

2. accounting for hotel expenses.

can anybody tell me whats the difference b/w DIRECT COST AND INDIRECT COST in mfg unit and in trading unit

what will be the entry(es) of Year end Provision with TDS deduction and TDS effects to be given to vendor for non-receipt of Actual Invoices?

Dear Seniors, Kindly tell me as to what accounting treatment should I give for old stale cheques ? Is there any time limit as to when old stale cheques should be w/back ?? For how long does old stale cheques can be shown in books of accounts ?? Thanks in advance Regards, Radhika Pai