SIR

We want to pay a staff salary + House rent at a time Rs. 6 lakh ( salary 4,80,000 and rent Rs. 120000 ) but we don't know how much TDS we deducted on what amount , please tell me how i can post this entry.

Dear Members,

A Company with the objectives of Construction activity holds land stock as an inventory or stock in trade to be used for the purpose of undertaking project.
Now the company wants to revalue its land stock as per the current market price.
Please guide about the process of revaluation and other compliance requirements for the same.

Thanks & Regards

is it mandatory to issue credit note for purchase (discounts) and debit note for sales discounts?

can journals be passed for purchase discounts and sales discounts

Respected Sir/ Medam ,

There is LIC premium every year ,where to show that amount
1) as investment into balance sheet
or
2) as withdrawal in capital

and
if both ways are right then if that amount shown as withdrawal for last year and i want to show now as investment ,is that possible?

Dear Sir,

We purchased only Shirts as a uniform for labourer & supervisors of company depot. Sir, pls guied me that which head this exp will debit.
Regards,

Rahul Kumar Mehra

Hello Sir
My newly incorporated company is followig calender year as accounting year1.e need to close accounts by 31-12-2012.
I am not aware of how to calculate dep as per income tax purpose & for which period so that I can calculate the difference between tax & accounting dep.Only then I can calculate DTA/DTL.

How We Can Finalize the Balance Sheet of particular firm.It's Constitution is Proprietorship for 9 months, and partnership for 3 months in the same Financial year. Remember it- that proprietor is not became partner in that firm. Also, We Need to give annual balance sheet of the said firm to sale tax Department.

Sir,
An educational Institution accounts interest on fixed deposits on recipt basis. This year it is proposed to change the method of accounting from recipt basis to accrual basis. Interest is accrued on quarterly basis. Let me know as to how to treat the same in the books of accounts and give the corresponding calculations with an example.

Received cash from customer for $2940 after allowing 2% cash discount.
What is total amount receivable?
Somebody answer me quick.
Im having trouble with the calculation of total amount receivable and discounted amount.

Dear Export,
Mr X have purchase a bike on 1.4.2010 of RS.50000 and milage of bike is 65 km/l. after two year milage is 30 km/l. and Mr X have some expense on bike Amt Rs 25000. bike's milage is increase to 60 km/l from 30 km/l.

give a suggetion to MrX for the expence incurred by him ,it should be capitalised or debited to p&l a/c. and also give the specific reson about that....

thank in advance