In Cost sheet of a product, how various taxes like a sales tax, vat ,are treated ? if excluded why ?  

What are the risk of Prior Period Expenses recorded in current year to the business

is cpts account is hard

what is the treatment of "reserves for doubtful debts" .

Dear sir,

please help me for following querries:

1) I have one Non IATA Travel Agent(Say X) he is buying Air tickets from Go-Air or from some other IATA and non IATA agents(Say Y ) the bill consist of detail as under eg.
Ticket Amount Rs.50,000
Less: Handling Chg. Rs. 2,500
Add: Service Tax Rs.5,150
Add: TDS on H.Chg. Rs. 283
---------
Net Due Rs.52,933/-

For This X paid the amount by Ch. To Y Rs.52933/-

Now X issue this ticket to (Say Z ) and charged Rs.55,150/- which he gets from Z by way of Ch.for Rs.55,150/-

Now what will be the accounting entry in books ( Whether this will be sale and purchase of ticket or commission income suggest me ) is there any procedure for travel agents to book entries.

2) what will be the amount of turover for the purpose of TAX Audit,
Commission Amount or Sale Amount


3)Is Travel agent is cover under the Provison of U/s 44AF for for payment of income tax if its turnover is not exceeding for Tax Audit under Income Tax ??

Expecting reply at earliest.

Dear Experts, In a private Company there is conflicts between two directors, so one of the director has given Rs. 7 Crore to another Director for Takeover of Business. So I want to Know the Accounting treatment as well as Journal Entry of the transaction. Second doubt is, to pay this Rs 7 crore Purchasing Director has taken loan from Bank on his name by Mortgaging his personal house. Now on 01/04/2015 he transferred the loan on the name of Company, what will be the journal entry for that & accounting treatment of Interest, whether it is to be capitalised or charged to Revenue? Please help me out .

what is the difference between Credit sales and Accual income

what is the exact swipe machine sale entry

I gave

what is the accounting treatment of 1%landing charges in case of import purchases? if it is included in purchases, can it be sent to exchange fluctuation a/c along with actual exchange fluctuation? if not suggest me the correct treatment..