kindly let me know how to make entry of addition of existing asset in fixed asset register ?

what type of expenses are covered under the head travelling expenses in relation to a company

i want the provisions regarding signing of balance sheet by auditors. Is there any provision in the companies act, 1956 or not?

Pl confirm me asap

hello frnds
i hv a doubt which relates to refund of TDS.

The company paid TDS on commission payable to managing director subject to approval of shareholders in the month of March, 2008 ie FY 2007-08. The shareholders did not approve the payment of commission in the AGM held after the close of the year.
Can the company claim the refund of TDS amt paid???

Dear Expert,
Please inform, what entries would be passed for the FBT March'09. and entry on the FBT payment.

Our company is the manufacurer of wheat products. Please email the working of valuation of closing stock of Finished goods such as Atta, Maida, Sooji and Bran.

rajdeepstar@rediffmail.com

Dear Experts,

Our company has given half money as an advance for AMC for Out DG sets. Total Cost AMC cost is 65000/- . Half money we will give after 6 months.

Now my question is when we will book this expense at time of giving advance or at the time of AMC of DG sets and will give a receipt of AMC done.

At the time of giving advance AMC service provider providing an acknowledgment receipt which is for advance payment making to him.

Please Guide me.

What if an entity purcahsed Aseets in bulk like 10 mobiles each individually costs Rs 4000 or below 5000 , then total cost of 10mobiles will be capiatalised or asset will individually capitalised


Suggest

WE ARE NOT VAT REGISTERED BUT WE HAVE SALES TAX NO. OUR CREDITOR CHARGES US VAT @ 4% ON ELECTRONIC HARDWARE & COMPUTER ACCESSORIES GOODS.

WE PASS FOLLOWING ENTRY IN BOOK OF ACCOUNTS :

ELECTRONIC HARDWARE ITMS A/C DR. XXX
TO SUNDRY CREDITORS A/C XXX

SUNDRY CREDITORS A/C DR. XXX
TO BANK A/C XXX

IS IT RIGHT PRACTICE??

CAN WE HAVE VAT CREDIT??

PLEASE SUGGEST.

Dear Sir,

Can I claim penalty & fines paid to the Govt.Authorities other than I.T.Dept as an expenses if yes upto what extent and also we had paid huge amount of penalty on behalf of our customer which will be reimbursed by oure customer later on pls tell me the accounting entries for the same.