Dear Sir,

I am new in Account. I want Know how can i pass entry in Tally Software as P.F & ESIC. And ledger creation of it under Which Heads.


Thanks for your Reply. But Actuly my problem is not comlete, because P.F & Esic both are Employees contribution is paid to the goverment & employers contribution is Shown in Profit & Loss Account.


Here is problem create if i create ledger pf & Esic under Current liablities it appear in balance Sheet not P/L Account.

Dear sir,

please help me for following querries:

1) I have one Non IATA Travel Agent(Say X) he is buying Air tickets from Go-Air or from some other IATA and non IATA agents(Say Y ) the bill consist of detail as under eg.
Ticket Amount Rs.50,000
Less: Handling Chg. Rs. 2,500
Add: Service Tax Rs.5,150
Add: TDS on H.Chg. Rs. 283
---------
Net Due Rs.52,933/-

For This X paid the amount by Ch. To Y Rs.52933/-

Now X issue this ticket to (Say Z ) and charged Rs.55,150/- which he gets from Z by way of Ch.for Rs.55,150/-

Now what will be the accounting entry in books ( Whether this will be sale and purchase of ticket or commission income suggest me ) is there any procedure for travel agents to book entries.

2) what will be the amount of turover for the purpose of TAX Audit,
Commission Amount or Sale Amount


3)Is Travel agent is cover under the Provison of U/s 44AF for for payment of income tax if its turnover is not exceeding for Tax Audit under Income Tax ??

Expecting reply at earliest.

can i take plywood used for making racks in cloth manf, as capital asset,

can i take invoice date as capitalization date, asset came after invoice date

DEAR ALL,

HOW TO PREPARE BUDGET

WHAT IS A PROCEDURE FOR PREPARING BUDGET

WHAT ARE THE STEPS ARE INVOLVED IN PREPARATION OF BUDGET.

WITH THANKS

K A K

any one have the ratios which are relevant to the company which is engaged in construction activity and in service industry?

If yes, then please give the link for the same.

Is it permissible under any law, statute or any notfication of the statutory authority or any accounting standard or accoutning standard interpretation, general clarification etc to net off the debit balance with the credit balance of the same party. This can be done on the Balance Sheet date.

Material Purchased Gross 500000

Including

Excise 10000
ED Cess 200
SHE 100
CEntral SAle Tax 50
frieght 100

We paid to service tax Arrea Officer 500 Rs as bribe where we put into expences Head

If you(experts/seniors) finalized the B/S then kindly What are the main point of VAT to consider while finalizing the Accounts, and what items in connection with VAT send to B/S.

Dear all,

We are a pvt ltd co. Recently, one of our senior employee got transferred from Chennai to Delhi.

On this he has incurred some exp..., like travel exp for his complete family, Household relocation charges, etc.

What should be the appropriate account head for this exp ?

Can this be accounted under normal staff welfare expenses ?

Kindly reply.

Subhash