Can any one tell me,what journal entry pass for MIS (monthly income scheme) deposit, e.g.Rs:50000 deposit in MIS plan for 3 yrs and Rs:1000 receive in every month up to 3yrs & Rs:55000 receive after 3yrs[Journal entry pass in the books of Bank and Journal entry in the books of MIS depositor/customer]
....... X .......

Company A has entered into an agreement with Company B who is authorised marketing agent of company C who is a developer of residential buildings.According to the agreement A will buy 27 flats at predefined rate & liable to pay the payment till a specified date.Now before the date A sold onward those 27 flats to individuals & arrange for direct BBA(builder buyer agreement ) ,at the time of agreement A has taken some part payment directly & as per agreement balance payment they need to pay directly .

Now the query is how the accounting of all this will be done ,specially any taxes applicable (indirect )?

Can we treat fixed deposit with bank as a current assets...... or we have to put it in non current assets.

Dear Experts

We had booked a Air Ticket and accounted as "Tours & Tavelling Expenses". but due to some reason we cancelled the said ticket and got the refund.

So please advise how it is accounted i.e. it is credited "Tours & Travelling Exp" or booked as an "Income"

Please also suggest which Accounting Standard is applied for this type of transactions.

Thanks
Bhoop Singh

Dear Experts,

How to put entry for Gift given when it has been given to the spouse. Under what head it will come for the giver

Dear
Sir,

I want to know hoe vat & cst retun are file & how to do working of it with basic steps by steps.

waiting for your prompt reply.

Hi
thanks for your reply but I want an excel file to calculate the amount of provision for gratuity to be made in final account if I have 500 or more employees.

Thank you
Md Zishan Ansari

I spend money on when i go for outstation audits which later is reimbursed by my boss.

what entry should i pass in my books when i spend the money.

Example :- company given advance to Mr.A Rs.50, Mr A Purchased a stationary of Rs. 40 and return Rs.10

Please tell me the entry very urgent

Sir,

If a company has not prepared Cost records earlier, is it mandatory to provide previous period's record as well ? ( CARR generally requires comparison with previous year also.)Also let me know, previous one year or two years ?