Salaries are not paid Every month to all the employees. There is always pending salary. As and when we get payments, salaries are paid to some staff. Are we to pass a journal entry stating salaries a/c. dr to salaries payable to staff a/c every month and on making payment in the subsequent month, we make entry i.e. salary payable to cash. Is it okay or make a entry when only salary payment is made in cash. Then there will be one entry instead of two. Which is appropriate. Kindly guide

Sir,

If the employee does not claim his outstanding PF or Gratuity payable to him. Then can this amount be written off or transfered to some other fund ? Please advice me in this regard.


Thanks in advance

Nishant Baid
+919830711011

How to detemine the Fixed and Variable costs

some body tell me that if the cash in hand is get negetive then wt is the way to get it positive and tell me that why is it get negetive . could it be positive to enter some exp. in the accounts .

Hi, Pls Help

1. Whether Capital Advances are part of Capital WIP.??

2. A company in construction period capitalised leasehold land as fixed asset. The yearly amortisation is being added with capital wip? Is it correct??

3. Financing charges paid to bank on 24.03.10 has been added with Capital wip. But, my query is as per AS16 commencement of borrowing cost shall be when:
a) Expenditure for acquistion etc has been incurred.
b) borrowing cost has been incurred.
c) construction activities are in progress.

Does the condition (a) is satisfied if the company has not received the borrowed money.

Thanks in advance

sir,

what are the types expenses includes/not includes under the head Misc.expenses from incorporation to commencement of business.

salaries paid to supervisors at the time of construction of building for business purpose should i show such salaries as a part of asset cost?

Respected Sirs,

we have created a provision for teliphone exp of Rs 1000/- on dated 31 March 2010.
Now My two question is :-

What wil be journal entries in the month of 10th April 2010 .
1) If we received teliphone bill Of Rs 1500/-
2) If we received teliphone bill of Rs 800/-

Kindly explain in detail.

with regards,

sir,a manufacturing company has head office at one place and it has different plants situated in different locations , where related accounts and HR departments are also there to carryon the operation there smoothly.

Sir , my question is whether the administration coct like salary paid to accounts and Hr personnel should be added with the cost for the purpose of 'valuation of inventory , as per AS 2".
Not : the client has contention that it is a part of direct cost , and had the plant been not there , it could have been avoided.


Pl. guide me with suitable supportings.

With Regards
Surya Kumar Pani

what is calculation of tds on running bill

example-suppose a bill from party in f.y a 1 st-18000, 2nd -25000, 3 rd-50000, 4th-65000, total consist in f.y=158000/-

tds limit of contractor is rs=50000/-
so what is the calulation of TDS?

2 co. are there i.e. A Ltd., B ltd (Sister co.)

Raised invoice by B Ltd. and payment recived against invoice ( party) to A Ltd. what will be entry in tally and also service tax of that perticular inovoice how to pass entry in tally?

SG