We have manufacturing unit in punjab & purchased Boiler from Delhi @ 120000.00 agst. C form with 2% cst.

My Q. is what will be accounting entry for the same as i wants to show it in purchase ( for getting C form from sales tax department) & in fixed assets also ( to charged Depreciation )

Kindly Help.

can we do ips aftr completing CA

Sir,
I have received Cheque of Rs.43315=95 after deducting 10% TDS. I want to know on which amount this cheque amount get. Any formula for this calculation or reverse calculation method?
Waiting for your reply.
Thanks.
Pravin.

Hello sir,

Suppose a company has taken loan of Rs.3600000,

[A] co. receive Rs. 3400000 through bank:

Bank Dr. 3400000
To Bank loan 3400000

[B] Advance EMI Deducted by bank

Bank loan A/c Dr. 150000
To Bank Loan 150000


[C] Stamp duty[expense of company] directly paid by bank

Stamp Duty Dr. 50000
To Bank loan 50000

Bank Loan Dr. 50000
To ?????? 50000

Now which account should i credit to settle loan account ??

thanx.

Pl. let me know below entities are related party as per AS 18? Pl. explain also

Company A Holds 99 percent equity share in Company B. Company A holds 40 percent equity share in Company C.

Whether B and C Related Party as per AS18?

if company issues shares on 18 April 2013 for f.y 1.4.13 to 31.3.14 then for how many months such shares are calculated as outstanding shares in eps as per as 20?

Dear Experts

we have purchase machinery to make one product. machine is not product specific , making of product depend upon the tool & die.

query is , whether the tool installed on machinery is capitalized with machine or capitalized separately.

Please elaborate..

Dear Sir,

Our company is into the process of PF registration as the number of employees has been increased to 20. So now my query is that as Basic Pay of all employees is more than Rs 6500/- Whether we are required to deduct PF on any one's salary...???
And whether employer is required to make any contribution for PF..??

Dear experts, how to convert corpus fund into regular income for the AY2014-15. In previous AY's it has shown as corpus fund.

Dear experts, we have a memorial trust and it is formed for construction of a temple. while commencing the construction a separate amount as shown as corpus fund in b/s and amount spent was shown as advance for construction in asset side. Construction went on for two years and returns were filed. Now the construction has been completed. How to shown this effect in B/s asset and liability side. We want to close the trust now as it met the requirement and no more needed.