Praveen Sharma
This Query has 4 replies

This Query has 4 replies

21 April 2009 at 21:15

pass entry

The co.(like film co.) initially depsosit the amount in a person (production manager) bank account/given him cheque.

further he incur expenses & provide the actual original bill to the said co.

he has no proof of same.

the said person incurs expenses on some items & Bribe.

how we pass entry.

As these amount are neither his income nor his expenses.

like
may be passed

but not showing

1. Bank a/c dr. 50000(salary)+100000(for expneses)
To media co.

2. expenses dr. 50000
To bank 20000
To Bribe 40000


Praveen Sharma
This Query has 1 replies

This Query has 1 replies

21 April 2009 at 21:12

Reimbursement OF Expenses

The co.(like film co.) initially depsosit the amount in a person (production manager) bank account/given him cheque.

further he incur expenses & provide the actual original bill to the said co.

he has no proof of same.

the said person incurs expenses on some items & Bribe.

how we pass entry.

As these amount are neither his income nor his expenses.

like
may be passed

but not showing

1. Bank a/c dr. 50000(salary)+100000(for expneses)
To media co.

2. expenses dr. 50000
To bank 20000
To Bribe 40000


ramco
This Query has 1 replies

This Query has 1 replies

21 April 2009 at 20:18

Part II Sch VI

Hi
the expression in part II " earnings in foreign exchange" means income earned during the financial year in foreign exchange whether received or not in that year? is that right? Please clarify. Similarly expenditure in foreign currency whether paid or not during the year.

Reqeust clarification.


gayatri
This Query has 3 replies

This Query has 3 replies

21 April 2009 at 17:54

IFRS

how many standards are there in IFRS? provide me the full details & soft copy.


Swarnasiva Y
This Query has 2 replies

This Query has 2 replies

Hi,
An asset purchased and wrongly debited to p & l Account. Subsequently it was traced out and capitalised. Now what is the accounting entry to be passed for the Depreciation not effected in the earlier accounting records.


MANOJ CHOUDHARY
This Query has 1 replies

This Query has 1 replies

21 April 2009 at 12:33

Machine Cost

If A Company Import machineary and for duty payment utilization EPCG licenance then import machine duty free

Queary regarding machine cost which are depreciable inclueding Liceancy value...?


jai
This Query has 4 replies

This Query has 4 replies

21 April 2009 at 10:59

Goodwill

goodwill is dead or alive asset?


mukesh dua
This Query has 3 replies

This Query has 3 replies

The co. has paid application money for allotment of shares & bonds but no shares/bonds have been alloted on the date of Balance Sheet. How this application money is to be shown in the Balance Sheet?


Vikas Chaudhary
This Query has 2 replies

This Query has 2 replies

20 April 2009 at 16:21

FBT

is selling & distribution exp. covered in FBT.


CA Brijesh Gandhi
This Query has 2 replies

This Query has 2 replies

20 April 2009 at 14:46

Re: DEPB

ABC co. has purchsase The DEPB through agent from the market at 95% (including VAT).The bill amt raised by the agent was = DEPB Amt. + Commission + VAT.

Query :
1) wether ABC co. deduct TDS on whole amt. or only on Commission amt.?


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