input cst @ 2% - 1300.00
input vat @ 5% - 7500.00
output vat @ 5% - 11500.00
end of the quarter how to record vat & cst adjustment entry.

in the 3rd quarter
interstate purchase 65,000/- + cst 2%
vat purchase 150000/- + vat 5%
vat sale 230000/- + vat 5%
now quarter end i have to record vat & cst adjustment entry in the quarter end so how to record this entry.

if an individual is having a asset (dumper) wdv as on 01/04/2012 138058 and purcahsed a new asset in oct 2012 for 750000 dep has been charged @ 30%. In 2013 the newly purchased asset has been sold for around 506000 in sept 2013. what wil be the closing bal as on 31/03/2014.

Sir,
When you calculate the 85% of income for charity payments, does 85% include the administration
expenses of the trust like rent, salary, and other running costs. Can anybody replay me please.

Dear Sir,

I have a client his all sales is cash, we have make entry Cash Debit and Sale Credit

more than 60% payment he received from card swipe machine Direct to bank we want to know how to make entry in the books of account as per bank statement.

pls explain what is exchange fluctuations loss or gain with case study. Thanks Shiva

l have housing loan .Bank has given payment certificate of rs 144000 which includes int amount rs85000. please explain it benifit

Dear all, please help me out regards how to pass the journal entries in books of service receiver, where 100 RCM is involved.

I have seen that some organisations are classifying there liabilities into short term and long term on the basis of the EMI's/ installments payable within or after 12 months.
Lets say that if they have taken Term loan from XYZ bank , then the EMIs which are due for payment within 12 months to XYZ bank is classified as SHORT TERM BORROWINGS and rest EMI's are classified as LONG TERM Borrowing.

Is the accounting method adopted above is correct ?????

whether this exps are direct or indirect for hotel and restaurant ? rent paid for building electric bill of hotel telephone bills cable connection bill for guest rooms salary of house keeping staff front office staff restaurant staff like cook chef , waiter , caption etc. i hope that i will get reply from expert . exps for water softener
thank you