what is the accounting and tax treatment of Scrap?

Hello

please help me to make entry of addl discout recevied. we get every month addl discount on products. compay deducted that amount from our cheque amount. I have made journal entry
Addldiscount A/C DR
To company A/c

But in ledger that addl discount amount showing as payable.

please state me the source where can i get the depriciation scedule for the year 04-05,05-06,06-07 of company's act,1956.as soon as possible

In a recent interview I replied that advance for fixed assets is shown as capital-work-in-progress but interviewer opined that it is shown under loans and advances and I did not agree. Please comment.

Dear sir
i want to create one budget for construction project if any body have excel sheet please send me nmanohar47@yahoo.com

Please help me to solve my problem.

Which will the accounting entry of that?

a bike worth 60000/- was given to our staff and2000/- will be deduct from his salary in 30 Months on monthly basis. his salary is15,000/- P.M

DEAR ALL

PLEASE CLEAR THE CONCEPT REGARDING SINDOOR STICK -WEATHER IT WUD BE TREATED AS TAX FREE OR TAXABLE ITEM ? IF IT IS TAXABLE THEN WHAT IS THE CORRECT RATE OF TAX?

Hi Experts,
What is acccounting policy and accounting principle?is there is any difference?what is the signification of accounting policy and accounting principle?
pls tel me example of accounting policy and accounting principle?

thanks in advance

Dear Sir,

Cost of Goods Sold is a P&L Item Or Balance Item,Please tell me the Accounting procedure & Capital Stock what does it Mean it is a Capital Account or what.

In a private limited company, can the directors remuneration be increased in the proportion of increase in sales? If yes, Is there any ruling supporting the answer?

Also, can the directors remuneration be increased with the % increase in sales to keep the % increase the same. For eg. the directors remuneration for the past 5 years is on an average 10% of the sale. In the current year, the sales turnover has increased by 200% and hence the management wants to increase the directors remuneration accordingly to keep the percentage 10% of this years sales. Can the management increase the remuneration?

Thanks in advance