HELLO,

date 18.2.15 Rs. 50,00,000/- FD MADE
Principle amt Rs. 50,00,000/-
Interest 8.25%
period =91 days
Maturity date 20.5.15

bt i want to make provision of "FD INTEREST" as on 31.3.15

how will i pass the entry as on 31.03.15

I have one query regarding gratuity actual our question is that our company has not deducted DA only deducted of Basic, HRA, Education, Conveyance, PF, & PT So our one employee left the company and he wants gratuity his working here 12 years 3 months so now in my knowledge gratuity formula is (Basic + Da) x 15/26* no of years working.
But Our question is if Our company Not Deducted DA what is to be calculate Gratuity in this person.

Regards,
Uday

Do we need to book the invoice first and then the receipt entry? or directly we can pass the receipt entry?

Our company received fees from 1 client and they have sent the invoice for that so should we book the invoice also?

Client
to gross receipts

bank
to client

is this the way

or

bank
to income

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Dear Expert..please help me

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DEAR EXPERT,

AS PER GOLDEN RULES OF ACCOUNTING, WHETHER PURCHASE (TRADING ACTIVITY) IS REAL OR NOMINAL ACCOUNT?

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What should be the treatment if there is any addition in the asset during the year?

Kindly help on this issue.

Kindly described the LIFO and FIFO method..??

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