Q-1) what is the journal entry when some amount is paid to contractor while the capital work is in Progress?
is it capital WIP A/c dr to contractor to bank
or is it simply contractor a/c dr to bank?

Q-2) when the work is over then will the equivalent amount of Capital WIP is tranferred to building fund?

Can anyone provide me the list of depreciation rate on Vehicle (CAR) as per companies act from the P.Y.04-05 to P.Y.06-07 ???????

plz rply its urgent............

please suggest accounting entry in tally for fixed deposite Rs 85,000000/- for three year with TDS effect for 1 st ,2nd ,3rd year

Can anyone explain me the meaning of Derivatives in simple language which is understand the concept.

people, plz try solving the following question and provide an explanation for ur answer;
Raw materials inventory of a company includes certain material is on decline and replacement cost of the inventory at the year end is Rs.75 per kg. Is it possible to convert the material into finished product at conversion cost of Rs.125.Decide whether to make the product r not to make the product, if the selling price is (1)Rs.175 and (2)Rs.225.Also find out the value of inventory in each case.

Pls tel me meaning of BoD in cost report

why do we calculate deferred tax.
tell me the easiest way to recognize deferred tax liability or Asset.
which type of items included in this calculation

sir

When a director recd. Commission from co. And he is not an employee of the co., he can show this income either as other sources income or business income

Now, my question is how can a director show his income as business income & if he is showing then what kind of expenses he can claim as deduction ?

WHAT WILL BE THE REQUIREMENTS FROM CA SIDE WHILE PREPARING AN ESTIMATED PROJECT REPORT FOR A NEW MANUFACTURING BUSINESS SO THAT ASSESSE CAN GET LOAN FROM BANKS.

WHAT WILL BE THE REQUIREMENTS FROM CA SIDE WHILE PREPARING AN ESTIMATED PROJECT REPORT FOR A NEW MANUFACTURING BUSINESS SO THAT ASSESSE CAN GET LOAN FROM BANKS.