How to calulate of Interest Drawing

In CPT Course Material Explain
Begining of the Drawing is calculate at 6.5month
& end of month calculate 5.5

please explain above matter

Regards
Girish

Dear Expert,
Pleass guide
I have a transaction wherein i charged commission to a Party X with service tax.
Party A/C ...Dr 179238
To Commission ....cr 162500
To Service Tax ...cr 16738

Amount received from party

Bank Dr. 161314
TDS dr 17924
To Party A/C 179238

I have been asked to pay him only the amount which he had pay i.e. 161314/- the TDS will be paid to him only when we receive credit
What amount of credit note should i issue & what should be the entry

Please please please guide......
Thanks & Regards
Sim

SUPPOSE OUTPUT TAX 3000
& INPUT TAX 1500. IN THIS CASE SIR VAT PAYABLE.

OUTPUT VAT A/C DR. 3000
TO INPUT VAT 1500
TO vAT PAYABLE 1500
SIR IS THIS ENTRY IS CORRECT. IF WRONG THAN SIR PLZ RIGHT ENTRY TELL ME.THANKS IN ADVANCE.

SUPPOSE OUTPUT TAX(INCLUDE CST.)1000
& INPUT TAX 1500. IN THIS CASE SIR VAT REFUND.SIR I WANT TO ASK YOU IF OUTPUT TAX(INCLUDE CST) LESS THAN INPUT TAX .THAN WILL WE VAT PMT IN CASH.OR REC. FROM GOVERNMENT.
VAT REFUND A/C DR. 500
OUTPUT VAT A/C DR. 1000
TO INPUT VAT 1500
SIR IS THIS ENTRY IS CORRECT. IF WRONG THAN SIR PLZ RIGHT ENTRY TELL ME.THANKS IN ADVANCE

I have booked Income Twice in accounts & the Same shown in return of income? isn't it reverse in current year
Treatment in accounts?
Effect on Income Tax?

Please reply as early as possible

Dear Sir

An asset is purchased out of loan availed from bank, can I take depreciation as well as interest on loan in P&L.

Pls explain me below things,

raw material
stock in process
finished goods
stores items
spares items

Please tell me how the brand names of multinational companies such as Nokia, Sony, Dell etc. is done in the books of accounts???
What is the treatment for it under AS 26 Valuation of Intangible assets???

I have a query in accounts .........please solve it(IPCC)

Situation: If We are preparing investment accounts for financial year 2009-2010 then

Mr. A purchased 500 equity shares on 1st april 2009 @ Rs 18 per share(FACE VALUE Rs. 10). Dividend declared on 1st may @ 10%. Since we are receiving dividend for the 2008-2009 but we create the investment account with the dividend which we receive in 2008-2009 . Why we credit investment account with amount of dividend which we recieve of previous year please tell me the logic behinnd this

I have a query in accounts .........please solve it(IPCC)

Situation: If We are preparing investment accounts for financial year 2009-2010 then

Mr. A purchased 500 equity shares on 1st april 2009 @ Rs 18 per share(FACE VALUE Rs. 10). Dividend declared on 1st may @ 10%. Since we are receiving dividend for the 2008-2009 but we create the investment account with the dividend which we receive in 2008-2009 . Why we credit investment account with amount of dividend which we recieve of previous year please tell me the logic behinnd this