can anyone tell me the journal entry to be passed in the books of trust for writing off an asset which had no value. example in books its shown as 2500 and it is not at all usable now. how may i go with jornals? thanks in advance.

Sir,
How would i enter bills in tally for TDS
i mean which entruy is correct.

1) Costume designer fees DR
2) TDS Payable Prof.fees CR
3) Nyla Massod CR

or
1) Costume Designer Fees Dr
2) Nyla Masood Cr
3) TDS Payable Prof Fees Cr
Pl suggest

Hi,

I Have Purchased a Cash DD from bank from my Company works, Due to some reasons we have cancelled the DD.

And we have made the Entry- Cash purchase of DD.
But the cancelled DD Amount banker transferring to company Current Ac.

now how we have to make the entries for cancelled DD amount and transferring bank Ac.

in which part of b/s calls in arrear will be shown?

Hi,

I have a situation as below and need to apportion the overhead costs.

The question is, I have four service intangible products and I have to apportion the Overheads to each of the four products. The type of service and its nature is not similar to each other.

How do I apportion the overhead costs to these products.

Appreciate if anybody can help.

Thank you.

Hello, I wish to enquire that if the forex expense related to purchase of capital goods can be capitalised?
If yes, then after capitalisation they are to be written off OR to be used as part of Gross Block and depriciation to be charged thereof as normal course of business?

i am running an religous trust. i have received a land as donation. i want to know its accounting treatment?

hi... hw much can we deduct TDS on service charge bill? exampl. ... principal amt. 12631+ s.tax. 1561= total.. 14192..... in whch amnt Tds deduct n hw much % .. thnx.

i have given 3atemps for cpt. but i didnt do it. in dec 2013 cpt xam i scored 96 marks n shockingly i scored least in the subject which i wil feel easy evry time i.e., merchantile law. however i started prperation for evry attempt from 15days. what should i do now? shal i continue wid gud attention? r shal i quiet? advice please friends

Sir

I want to know the following issue.

Ex
My salary is 385000.00
Deduction : 150000.00
My auditor said the admissible deductions is restricted to Rs.100000.00. My tax amount will come for Rs (385000-220000-150000).

Kindly clarify the same.
Nagarajan S