'A'(Mumbai) sold goods to 'B'(Delhi) sum of rs. 10000. in turn B Deposited cash in A's Bank Account.how this transaction to be entered in A's book?

HOW TO JOURNALISE ENTRY FOR MAT ? WHETHER IT IS REQUIRED TO ADJUST IN P & L A/C OR NOT ? PLEASE PROVIDE ME ACTUAL ACCOUNTING CONCEPT REGARDING MAT ....

My Co hav taken loan from HDFC bank for INR 1402000.00/- it includes Interest Amount also. Can anybody tell me scheme of Entries for this. & Interest Treatment

Dibnm

A employee in my office got promotion a day before his date of retirement i.e he promoted on 29th and retired on 30th.Now he got increment of 3% of his basic salary only for 2 days .Now what will be his basic salary for the purpose of calculation of gratuity.

Hello,

This is with the reference of Tranporter/Logistic bill for material dispatch.

Transporter had given the bill without service tax. so pleae let me know the journal entry with service tax rate.

for example :

Transporter given the bill of Rs 100000 { NO OTHER INFORMATION FOR SERVICE TAX}

Dear sir,

in our client (Proprietorship) open his personal Savings bank and he transfer some amount to his current account.
in current account receipt entry 185000 amount arise
so how to pass journal entry
2) can we taken his personal saving accounts separate or taken as firms bank accounts i.,e opening with current account and savings accounts both entered in the firms accounting.

please guide me

Regards.
Ramesha.m

Dear sir,

Shop Advance paid by Proprietor it is a Deposit Assets or ....? in which head

Please specify

Regards
Ramesha.m

A Pvt Ltd company has spend 25 lakhs to installed electricity facilities in his factory shed. Out of 25 Lacs , 20 Lacs is spend for installation of poll on a land which is not belongs to company. As this is first year of operation what should company do regarding to accounting of this expenditure?

Company has no control over poll. As per agreement with MPKKVCL ( electricity provider) ownership of poll will remain with MPPKVCL.

As we are not owner hence can't be treat as an separate assets.

I don't want to classified as Miscellaneous expenditure as it will reduce net worth of company.

I have alternative but i dont think it will be correct way please comment on this:

As per AS 10 :
The cost of an item of fixed asset comprises its purchase price, including
import duties and other non-refundable taxes or levies and any directly
attributable cost of bringing the ASSETS TO ITS WORKING CONDITION for its intended use; any trade discounts and rebates are deducted in arriving at the purchase price.

If we consider above definition then we can add this cost to the cost of machinery. As without power machinery will not be able to work.

What you think ????

What is meant by word SAP...and is SAP ACCOUNTING different than TALLY..

Being a lameman how would you create a particular ledger under which head...is there any link for guiding me the same...