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narayana swamy jampala
This Query has 3 replies

This Query has 3 replies

24 February 2017 at 11:57

tds

interest on NBFC Already credited but TDS not deducted.Now I want to pay tds amount and getting tds refund from nbfc. then what is the journal entry.


Nitesh Kumar Sharma
This Query has 1 replies

This Query has 1 replies

is it necessary to do a single entry of employer's towards epf and pension fund contribution with salary due? entry of salary due is basic pay dr hra dr conveyance dr and all allowances given by employer debited salary payable cr esi contri. cr epf contri. cr and all deduction made by employer credited. i think this is the full fledged journal entry of salary due... but my question is ' may i book employer contribution towards epf and pension fund in journal with the above entry made by me??? if it is possible then what will be the entry??? please help me i m in confusion...


mukesh patel
This Query has 1 replies

This Query has 1 replies

23 February 2017 at 22:06

Construction bussiness

plz give me guidelines for to keep books of account of construction Bussiness .like as accounting entry and taxation...thanks in advance


chandan pal
This Query has 1 replies

This Query has 1 replies

23 February 2017 at 21:41

Account Head

ABC Co Ltd has been arrange of 3rd year company foundation day. Insprit of that company has given many type item of their all staff.In this situation all type expenses is it switch of either staffwelfare expenses or general expense .


Tax
This Query has 1 replies

This Query has 1 replies

ACCOUNTANT’S REPORT ON COMPILATION OF
UNAUDITED FINANCIAL STATEMENTS


On the basis of the accounting records and other information and explanation provided to us, we have compiled the unaudited balance sheet of “Mr. XYZ” as at 31st March, XXX and the related profit and loss for the period then ended.

“Mr. XYZ” is responsible for –

(a) Completeness and accuracy of the underlying data and complete disclosure of all material and relevant information to the accountant.
(b) Maintaining adequate accounting and other records and internal controls and selecting and applying appropriate accounting policies.
(c) Preparation and presentations of financial statements in accordance with the applicable laws and regulations, if any.
(d) Establishing controls to safeguard the assets of the entity and preventing and detecting frauds or other irregularities.
(e) Establishing controls for ensuring that the activities of the entity are carried out in accordance with the applicable laws and regulations and preventing and detecting any non-compliance.

The compilation engagement was carried out by us in accordance with the Standard on Related Services (SRS) 4410, “Engagements to Compile Financial Information”, issued by the ICAI.

The balance sheet and the profit and loss account are in agreement with the books of account. We have not audited or reviewed these financial statements and accordingly express no opinion thereon.


IS THE ABOVE FORMAT “CORRECT AND ACCURATE”???


POOJA
This Query has 1 replies

This Query has 1 replies

23 February 2017 at 11:47

Tds on contract

Dear Sir,
The company pays maintenance charges to mall owner which includes electricity charges, water Bill, AC Charges, Cam Charges etc. Whether TDS on contract needs to be deducted?. If yes, then on whole amount(excluding service tax) or only on AC Charges and Cam Charges?

Thank You


priya
This Query has 2 replies

This Query has 2 replies

21 February 2017 at 18:42

Exide batteries purchased -scrap swaped

Hello there. .

Please tell ....what will be accounting of new exide batteries purchased for old invertor and scrap batteries were adjusted against it's payment..

Do i need to capitalise it??

Priya



Anonymous
This Query has 1 replies

This Query has 1 replies

21 February 2017 at 18:07

Esi pf

MY QUERY IS

AT THE TIME OF SALARY PASSING ENTRY
SALARY..........DR
TO ESI(EMPLEE)
TO PF(EMPLOYEE)
TO CASH /BANK

AT THE TIME OF ESI /PF BANK PAYMENT

ESI /PF ---------------------- DR
TO BANK----------------------------CR

MY PROBLEM IS ESI/PF PAYMENT INCLUDING EMPLOYER CONTRIBUTION HOW CAN WE MAKE ENTRY OF EMPLOYER CONTRIBUTION UNDER TALLY AND ADJEST TO PAYMENT


manjeetvashisth
This Query has 1 replies

This Query has 1 replies

21 February 2017 at 11:05

Salary exp. journal entry

complete journal entry of salary expense with an example


Surendra
This Query has 1 replies

This Query has 1 replies

20 February 2017 at 23:18

Consortium registration

How to register a consortium in India






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