Can anybody please explain the treatment of pre-operative expenses in accounts and the amortization procedure for the same

Dear Sir,
Pls suggest me what should be the entries if we are deducting ESIC contribution from workers wages like 1.75%, Contribution of employer 4.75% & paying to ESIC total of both.
What should be the entries in ESIC a/c & in wages a/c.

pls suggest .

thanks.

how to make bank reco

plz explain in detail
and in easy way
and in a practical way

best regards
irfan(fresher accountant)

what is return inward
is it expenses of company
in tally in which accountinghead it will come

what is return outward
is it expenses of company
in tally in which accountinghead it will come

what is bank overdraft

plz explain in detail

my friend is a proprietor
he got a project of one company and company want the labour to be covered under esic scheme.

he want to have esic for is labour.
but labour is not fixed or permenant.
labour keeps on changing.
wages for labour is less i.e 100rs or 150rs per day and depend on their work i.e if more work full pay otherwise half.

so plz let me know what is procedure of getting esic for labour who is not permenant and also less paid.(less wages)

and provide me with detail knowledge

Dear Experts,
For a company or a tax audit firm...if already there exists Deferred Tax Asset and Deferred Tax Liability and current year also there is some expenses (eg. Dep.rate ) please explain me how to comply with AS-22 requirement.
Please answer me by giving me an example.
Thanks & Regards,
Rajesh.

One emplyee of our company transfer to singapore subsidary, is he consider as NRI or Non resident of Singapore by H1 Visa. Company has to pay him salary in singapore dollar than what will be the Taxes is applicable

can some one please tell me the effective date of applicability of golden rules???

means when this principles were established...????

This is a Case of Private Limited Company.
The Company is a construction company and has started the work on site last month. Since the Flats that shall be constructed shall be sold later, so their is no VAT liability on Output.
The company therefore shall pay Output Tax by taking 8-10 % margin over the Purchase made.
Now VAT Input a/c shall be opened in Current Assets (Duties & Taxes)

On Purchase

Purchase Dr
Vat input Dr
Cash/Bank/Creditor Cr

At the end of quarter Tax Payment shall be made

Transfer Input to VAT Payable
Vat Payable Dr
Vat Input Cr (with amount o/s in this a/c)

& the amount further paid being 8-9 % is also debited in Vat Payable which is also paid off

Vat Payable Dr
Bank/Cash Cr
My Question is where we will show this VAT Payable since logically its the part of my Purchase Cost

1.which type of entries should be passed in journal voucher