Dear Experts
How deduction due to price variation should be accounted ?

Suppose for a product Trisala , we billed @Rs 50/ per pieces where as it's rate as per purchase order was Rs 45/- and we did't noticed the same till we received the payment .They make payment as per purchase order .
So how Rs 5/- (rS 50-45)will be accounted .
Further we are excise manufacturer

Thanks & Regard

Sir,

i want to know the accounting treatment for the EMI paid to bank.

Sir My ques is how can i pass the journal entire in the book of the company for the payment of EMI to bank, sir our company has taken a loan from the SIDBI and company paying emi to them, kindly help me sir.

Thanks

If I have made delivery of goods to buyer on 29th March2011 and Invoice of the same is made on 1st April,2011, in which financial year the said sales Should be recorded?

DEAR ALL
PLEASE TELL ME
THAT HOW MUCH SHOULD BE HRA ON
BASIC AND DA IF HOME TAKE SALARY IS RS.
100000/-( FOR PATNA BIHAR )


AND NEXT ONE Q. IS

WHAT WILL BE TDS RATE OF DIRECTOR
I MEAN HOW MUCH TDS SHOULD BE DEDUCTED OF
DIRECTOR IF HE IS GETTING 100000/MONTH HOME TAKE

ABC Enterprises valued an inventory costing Rs 20000 twice in closing stock.
Before finalising the account , it came to know this error.
What accounting entry will it pass to rectify the error?
and where those entries reflect as far as presentation of Financial Statement is concerned.
i.e in trading A/c , P/L A/C and Balance Sheet.

Please tell me what will be the journal entry of following transaction and also income tax treatment:-

I book shares 1000 shares100000. & sold all 1000 shares for110000. and a cheque of net amount10000/- recd.
I did not made any payment regarding above transaction only10000/- cheque recd.

what will be change if this type of transaction occurs 20 to 30 times in a day and net profit or loss amount received at last day of the year

What required things to be consider for PMS
accounting

What is treatment of gain or income realized from PMS holdings

What will the treatment of expenses before start of business and VAT registration in case of Partnership Firm? The expenses has been incurred by partner itself What is the accounting entry?
Plz explain in detail?

Hi...I have an sb a/c in corp bank,recently my relative wanted a DD for 750000 rupees, so we went and deposited the amount in my sb a/c and in an hour v got DD for the required sum.. My question is,is there any tax amount i need to pay to the bank? i never transacted such a amount of money before, as i am a student... are there any future consequences??? Pls respond.

Hi

Please tell me whether depreciation is to be calculated( both days inclusive ) i.e date of purchase and closing date or exclusive of one day.

Also tell me that we have purchased a Syntax Water Tank .....how should i Depreciate the same .. under which head .. and what depreciation rate is to be affixed

Kindly help