All dear expert , i want to know is there any threshold limit after which any party deduct tds in case of pvt. co. please answer!

Pl advise me accounting treatment of pre operative expenses (both of capital and revenue nature) in detail.

Hello
My query is,In balance sheet Fixed Assets are shown in historical cost & there is a depreciation fund account & WDV method is followed for depreciation calculation. In case of Block of assets sale amount should be deducted from WDV amount but while showing in balance sheet should we have to deduct cost price from fixed asset & depreciation portion from depreciation fund account?. what is the journal entry?

Dear Sir,

We have purchased a property worth 1.34 cr wherein Rs.80 lakhs is loan from bank and remaining 54 lakhs is paid to the owner. LAP is recorded in the books as liability and part payment is kept as advance to the owner. what is the correct accounting entry for this?

regds:jaya

please give me solution

my firm in gujarat and i had purchased a product in delhi and we are sales in Bangalore.

we are also sent this product to bangalore by transport .

and we had done full payment to transporter .

and we will received transportion charges from our customer .

my point is that.

we paid transporter payment without deduct Tds ................

transpoter don't have service tax no.

and can i show transpotion charges in sales invoice .

What is difference between capital goods and fixed assets?

dear sir , what is current abatement rate of cab service provided to pvt. co. ( we are cab operator company )

Hi Everyone,

I have a query.

My company is a trading company, we import goods and sell in the local market.

We incur Customs duty, clearing Chgs., Agency Chgs, and transportation chgs. from Customs to Our godown.

Apart from customs duty, whether all the other chgs shld be considered for valuation of stock.

in builder and developers business, the receipt from client ( to whom flat have sold and part payment have receive / installment from his loan bank)

which ledgers shall I prepare and under which Group head in Tally? and what will be the enty?
please guide me

my client has purchased a new vehical for which insurance amounting to Rs. 17806 is included in invoice itself. it has also recieved insurance policy for which premium amount is 13698 for the period 5/11/2014 - 4/11/2015. what amount should be capitalized along with asset and should the premium paid be charged off as expense and prepaid or be included in cost of asset?