Hi..
This is Neetal.
Plz help me
A company has deducted amount as penality for not performing duty well from a secutiry company bill
My question is how that amount which is deducted as penality should be treated or pass a entry in the books..

my query is " when a company operates 5 branches apart from head office and prepares a consolidated trial balance in excel by providing a set of debit and credit columns to each site / branch & HO and one set for consolidated TB. while doing so we show inter branch dr /cr balance in consolidated TB. what will be the accounting treatment in Balance Sheet for the same (will the balance will be shown in Balance sheet or not)"

We are working in a partnership firm,but PF is not deducted from our salary.If firm provide Diwali Bonus to employees. please inform under which head we can take this exp.
While FBT has been abolished, any other tax would be imposed on this exp?
Thanks

goods are dispatched through omx transportaion. it is transportation charges or fright please tell me which expense..........

Please Help
Please Help Please Help Please Help Please Help.


I AM Pursing MCom Part - I I Need The Notes Of Holding Company with lots of examples.

please don't tell the books i would like to have notes with lots of examples regaring minority interet & set off against majority interest. and many more regarding the holding company chapter notes & examples.

Please Help me.


A Kind Thanks TO All The Experts.

please help us
how to see the report in tally total debtor list and its total transaction during the year

What will be the entry for allowance of Price reduction of goods to Debtors?

We are to develop sample product for our overseas customers. What is the entry to pass in our books of accounts. Our product is excisable . So we pay excise duty on sample sales by raising an Excise Invoice.Excise duty payable account has been opened under Current Liabilities group.( As we use Tally package)

Regards
Chinmoy Chatterjee

A manufacturing company purchases sign boards to be put up on its retail outlets. Is this expenditure in the nature of capital or revenue?

IF COMPANY INCURRED rS.60000/- FOR PURCHASE OF 24 CHAIR .THIS EXPS SHOULD BE CAPITALISED & ORGINAL BILL IS REQUIRED OR ONLY RECEIPTS WILL BE ENOUGH FOR CAPITALISATION THE EXPS.