anish ks Points: 5 SIR,My Name is anish iam an mcom graduate iam working as an accountant in a company in kerala iwant to know the accounting entry for salary payable after deducting the loss of pay and loss of pay under which head we group under cureent liablity of indirect income and how account overtime with gross salary and pass jornal entry for salary payable any one please help me.

Read more at: https://www.caclubindia.com/forum/anish-k-s-370919.asp

what is the accounting entry for salaries payable after leave deductions for eachemployees.

My partnership has been closed on23/05/2015 and properitor ship has been started on 24/05.2015 so my question is that whether the closing of partnership( I.e. closing stock,fixed asset,debtor,creditor,bank) can be carried on as opening of properitorship
In partnership there was 3 partner but after submission of dissolution deed ( deed contain taken over ) one person would continue as properitor an main problem is that after dissution bank of p'ship did not closed and properitor would use that bank so how it can be treat

Hi Sir, For previous year 2014-15 we have been created 10000 as excess amount towards accrued interest, now in current year 2015-16 we need to reverse the entry up to 10000 so please suggest how to pass the entry and its adjustments....

Sir suppose Mr X sells his land for Rs 50 lakhs . He will pay all the capital gains tax on the sale proceeds and remits the balance amount to his son's account. Now, is the son liable to pay tax on what he recieved as balance amount or is it tax free ?

I am a freelancer IT engineer and a citizen of india residing in india. I had deliverd some online lectures to some of the US students from india. Now they want to pay me for my lectures and want more lectures on IT for which they are ready to pay. Should i direct them to transfer money to my normal saving account in SBI/ICICI or should i open a new account. they will be paying me 3000-5000 USD per month for 50 lectures i.e USD 100 per lecture but they will be paying lecturewise not monthwise So what i will be getting is usd 100 or 50 , but frequently in a month. pls also tell me the tax implications here in india ?

Prakash, new delhi

Partnership firm dissolve on 23/05/2015 and proprietorship firm started on 24/05/2015 Jo closing stock hai p'sip firm ka usko properitor ship me kaise lenge or other assets and liabilities bhi

what are the limits for vat audit and tax audit for businessmen. what is the difference between vat audit and tax audit. plz can anyone clarify . its urgent

dear sir, please do suggest me tally entry for cap. gain sir i have sold a land in last f.y. and invested cap gain amt to nhai bond after calculating index value so how to record increase in assest value in tally

can anyone plz explain about inter company owings and their elimination