We have bank overdraft account against our FD. Suppose bank charged 9.7% p.a interest. and debited it monthly. How can we calculate the rate of intersest /day.

what is entry in book of account for the insurance premium paid Rs 8700 ( Rs 7948 + 742 service tax )for the period 14 april 2014 to 15 april 2015?

My attempt is november 14. is companies act 2013 is applicable for nov 14 or not?

Dear Sirs,

We are obtaining services from a professional by paying a retainer ship fees.
He is asking to reimburse his conveyance expenses separately kindly guide me can we do same.

If a customer is paying only interest on loan and principle remains unpaid for more than 12 months.
It would NPA or PA for bank.

Hello sir,

if i follow cash method for accounting, then can i pass the entry for provision like march salary paid in april so there is entry for salary payable

whether additional depreciation is allowable u/s 32(1)(iia) @10% for next asst year if in previous year addition is made after 30th sept

what is narration in voucher for the electricity payment for the month of march'13 which has been paid in april'14 and also for the salary expenses?

i need to know what is narration in old account at time of provision made and what is narration at time of payment in new books of accounts ? plz advice

Invoice raised as per following particulars by logistic company on export of goods : Agency charges Documentation charges Examination charges etc. whether tds liable to deduct u/s 194C or 194J?

The subscribed share capital of s ltd. is rs. 80,00,000 of rs. 100 each. There were no calls in arrear till the final call was made. The final call made was paid on 77,500 shares. The calls in arrear amounted to rs. 62,500. The final call on share will be :
(a) Rs. 25
(b) Rs. 7.80
(c) Rs. 20
(d) Rs. 62.50
Please answer given with explain