Dear Sir/Madam?

Whether provision of TDS (asset side) is to be made for the provisional brokerage income for F.Y.09-10?

Actual brokerage will receive in F.Y.10-11 and TDS Certificate by party also belongs to F.Y.10-11 i.e. AY 11-12.

Is bank guaranty and outstanding LC a contingent liability? Kindly clarify

Can someone help me in giving the accounting entry for the goods lost in transit if VAT is involved in the transaction and how is the loss booked in books of accounts and when insurance claim is received, how it is adjusted.

Please tell me how to copy ledger a/cs with its closing balances (All Ledgers at A time)in Tally ERP 9 from one company to another?

is Goodwill covered under AS-26 or not

Q. if party bill crossing threshold limit then tds must be deducted on crossing amt or all over bill for hole period of yre

can anybody tell me what is ASI???

Dear all,

Pls help me on below issue :

we have incurred INR 15,000 for purchasing the computer parts in FY 2009-2010.

We have not made any provisions in FY 2009-2010.

Now we have received the bills in April 2010 and we have to pay the claims.

How can we treat this INR 15,000 in FY 2010-2011 and what will be the implications on taxation part , pls brief ...

Thanx in Anticipation !!!

Regards/Deepak

In 2008-09, the expense for incentive was booked as Incentive A/c DR. 150000
To Incentive Payable A/c 150000

The payment of incentive is made in April 2010 and the entry made is -

1.Incentive Payable Dr. 150000
TO TDS Payable A/c 45000
TO Amount Payable a/c 105000

2. Amount Payable A/c 105000
To Bank 105000

Is this journal entry correct?

Pl . tell me What is DTA & DTL, how does it is created ,As per AS 22, kindly tell how can we set off DTA & DTL,