Sir,
My company every month gives cash incentive to the top six employees (sales Departments) for monthly sales
so what type of document we can keep in our record for accounting purpose and same question for cash commission and cash salary which company provide to our employees.
kindly guide me write way .
With regards



NOTE : Incentive in Cash AED3000/-
Award in cashed Money for the Top Three person of the year AED 22000 (total for three persons)
pls guide me if we can make the document s in excel sheet or any other mode.
AED : Currency of UAE

Dear Sir,
We are company and we have created privision for CSR expenses . Now we want to spend on CRS activities .
1) What should be the journal entry?
2) We have a religious trust to , can donation to that trust be treated as CSR expenditure ??

Pls advise

PLEASE LET ME KNOW THE USEFUL LIFE OF FORKLIFT

Dear Sir,
We are biscuit manufacturer , we have a policy to sale biscuit to our workers once in a month at subsidised rate . Csh sale value come around Rs.80000 per month.

(A)Now my questions are how we should account for this in our book?
1) Subsidised Debtor (Party) ----- Dr 80000
To sale

2) Cash ------- Dr 80000
To Subsidised Debtor (Party)

(B) Is their any law that restrict cash more than 2 lakhs in a year . Beacuse although per month sale is around 80000 but aggregate would go beyond 2 lakhs during the year.

Respected sir,
Till now that doubt did not arised to me because i worked in Proprietorship concern, recently i got job in Pvt Ltd company. My query is What date should be entered in our Books of accounts ? There i entered invoice date but here the practice is goods received date. Please clarify this ?

we have two sole proprietor concerns i have doubt in dep on car sold
1) in first co. we have sold car on 31/10/2017 for Rs.100000/- and WDV is Rs.161264.33 therefore can i deduct dep and show it in accounts? we have not purchased any other vehicle after sale

2)in other co. we have sold car on 30/07/2017 for rs.515774.00 (which was taken on loan - repaid by buyer) and WDV is Rs.771625/- and also purchase car in 31/05/2017 Rs.3950000.00 therefore can i deduct dep and show it in account? if yes then till what period i should deduct dep

Dear Sir,
We have received expense bills relating to FY 2016-17 in current FY 2017-18 against which we given advance in FY 2016-17 but expense not booked in FY 2016-17.

Now my question is how I should deal this situation??
Should I treat that as a prior period expense ??

Prior period expense ------ Dr
To Party

Pls advise

Dear Sir ,
I have taken ITC on Closing stock as on the date of GST implementation in TRAN-1 return. Now my question is how to pass journal entry for the same ??
Note that I have passed an entry given below . Please advise whether this entry is correct or need to be rectified :-

Input Cgst ------ Dr
To Inventory

(Note that earlier I have capitalised the Excise Duty in the inventory since our product was exempt in excise law but now it is subject to 18 % rate of GST)


Pls advise

What is the difference between capital reserve and capital redemption reserve ?
What are its uses ?

Please aware me, how will i treat loss on debtors of year 2012 in Current Year and effect on Current Profits?