How Make Projection Balance Sheet & Project Report any Formula ...

proprietorship Concern :namely PEC, (a Tution coaching centre)
Another wings of the same concern PSGP Ltd.(middle man)
Creditors raised addv & Printing bill on PSGP Ltd say Rs. 1000/-, Then PSGP raised bill on orginal assessee added 12% there commission and raised invoice of Rs. 1200/-,No one deduct TDS under sec 194C.
Now PEC paid TDS of Rs. 10/- (not Rs. 12/-)out of its own pocket,

please clarify me whether following entry is correct,
Addvrtisement ..Dr 1000
To Orginal Creditors 990
to TDS 10

Orginal Creditors Dr 990
Advertisement dr. 210
To PSGP 1200/-

TDS Payable Dr 10
PSGP 1200
To Bank 1210/-

if wrong what will be the correct entry
cosidering TDS provision ?

my director is many times in month transfer his money to his family member like, his daughter,son, wife, brother,
could you pls tell me how can i show in accounts book when he is maintaining his personal accounts book.
presently i m showing these money for each member loan from director is it right ?
advance thanks

We have capitalized the amount paid under EPC contract with relation to fixed asset. The EPC contractor had extended performance bank guarantee for the performance of the above mentioned asset. on account of poor perfomance we have invoked the performance bank gaurantee & received the bank guarntee amount. In this context would like to know :
1.What is the correct way of accounting the proceed of bank gurantee ? Should it be accounted as Miscellaneous Income or it should be netted off against the value capitalized?

Whether Interest paid on Advacne tax u/s 234B & C and Interest paid on TDS in 2010 before due date of filling the return of FY 2009-10

Should be taken into consideration for calculating the Deffered Tax

If not so pls explain me its very urgent....

Which all transactions fall under the head 'Gross Related Party Transactions' in the accounts of a company?

SIR
OUR CO. (CONT CO.)MAKE SOME ADDITIONAL WORK FOR ONE PERSON AND WE RECEIVED 5000/- AND MAKE ENTRY IN (31/03/11)(YEAR END)
BANK DR
TO
OTHER INCOME
BUT NOW (30/07/2011) OUR MANAGEMENT TOLD ME OUT OF THIS 5,000/- WE HAVE TO PAY 2,500/- FOR ANOTHER PERSON BEACUSE HE SPEND THIS AMOUNT
CAN YOU GIVE ME THE ENTRY FOR THIS PROBLEMS
THANKS IN ADVANCE

Dear Sir,

Can any body tell me What is LC? How it is to be opened? Documents to be required to open LC?

Regards,
Shrishail

Wat is the fee charged by ROC for filling of annual Financial Statement.

What will be the accounting treatment of purchase bills bearing date 31.03.2011 but received only on 04.04.2011.In what period will the purchases be recorded and what will be the entries in both the years????