we are the Partnership firm. we hire employees for field work.we pay them charges including salary of employees which we hire. under which head these expenses are shown?

please assist in it...

Dear All,

We have recruited one of employee for Rs 1 Lacs and nature of employment is as consultant
Break up is Rs 75 K towards professional fee, 25 K towards Rent free accommodation.
Now as a 25 K should i account under Rent expenses or Professional fees.

Please confirm the complete accounting entries

Dear sir,

If i paid rs. 17lakh to GEB (gujarat electrical corporation) for expand power supply limit for expantion of business.

if this amt capitalized than iin which heading and calculate depreciation at which rate?

How to Calculate TDS on Salary for Every Month

Our Company gave donation to Chief minister relief fund of Rs. 150000/- & one day salary of the employees were recovered. By this way our company collected Rs. 120000/- from the employees. How should we disclose it in the books of accounts.Can we reduce our exp of salary and claim 100% deduction of Rs. 150000/- u/s 80G or not reduce the exp of salary and claim 30000/- u/s 80G. but in second option we have to give credit the employees for donation u/s 80G. Please help on this matter.

I have few queries.

1) Proprietor expired in the middle of a F.Y. The business of the proprietor was inherited by his son. Father was not maintaining any records relating to stocks of the business.The closing stock at the end of the year was to be on the basis of proprietor and it is not practicable to physically count the stock on the day of his expiry. how to calculate the value of stock on the day of his fathers expiry?

2) If in the above situation father had 4 son's, 3 of them do not want any share of the business and wanted to give their share to the 4th son, what can be done in that situation? can they make a MOU to extinguish their rights in the business?

3) How the return is to be filed of the father as well as the son who inherited the business?

WHETHER A PRACTISING C.A. IS REQUIRED TO MAINTAIN A REGISTER OF STATUTORY AUDIT DONE BY HIM DURING THE YEAR AND TO FORWARD RECORD OF NUMBER OF STATUTORY AUDIT DONE BY HIM DURING THE YEAR TO ICAI INSTITUTE OR ANY OTHER AUTHORITY

hi i have my exams in nov 2013 but i don't know how to study electricity banking and insurance accounts in group 2 accounts kindly help me to pass my exams.

We have a automobile company where we are in the business of sale purchase of new car.my point of query is we have sold a new car of rs 10 lac with RTO registration and insurance charges of Rs 1.5 laces to customer.But due to some technical fault customer return the car get his entire amount which is Rs 11.5(10+1.5) laces . company bear the direct loss of rs 3 laces when company sold the same car to some other person below purchase price.now please suggest how to settle down the cost of RTO and insurance which is rs 1.5 Laces. can be treat the same as abnormal loss and write- off the same in coming year in five equal installments as such loss arise not in the nature of routine accounting. please suggest

WHAT IS THE DIFFERENCE BETWEEN
INTERST ACCRUE AND DUE
INTEREST ACCRUED BUT NOT DUE

EXPLAIN WITH EXAMPLE?