1.AS PER ROC SCOOTER VALUE IN GROSS BLOCK-57500 AT THE YEAR ENDED 31.03.2014
2.DEP UP TO 31.03.2014 IS 48122.25
3.SOLD IN 16.04.2014 OF RS.6000
QUESTION-WHAT IS THE DEPRECIATION VALUE AS PER CO.ACT & IT ACT

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while preparing contract costing and in the 2nd year or in any subsequent year the work in progress is debited to the contract a/c but after deducting the reserve which has been taken in the previous year from notional profit reason for such deduction of reserve..

Experts,

We received cash from our customers and cash entry was made. But the same was not deposited in bank in subsequent days. Now the income is not reflected in the bank statement . Now how to adjust the entry?

Assist me with your valuable feedback...

Thanks.

actual entry
debtors 100000 dr
sales 90000 cr
vat 10000 cr

entry done
debtors 100000 dr
sales 85000 cr
vat 15000 cr

how shall i rectify the error in fy 13-14

since it is a proprietorship firm
should i debit vat & credit capital a/c

A client has raised a reimbursement bill of Rs 10000. It has further claimed Rs 1000 as processing charges on the same bill. Service Tax @ 12.36% is charged on the processing charges = Rs 124. Now, my query is :

1) Is TDS deductable on processing charges inclusive of Service Tax ?

2) If yes, then under which section the same should be deducted ?

3) The client has registered with the ST Dept. in the name of sister concern. Can i avail the credit under the sister concern of the client ?

Dear sir; I am Mohit Kumar Bansal from mathura (UP)I have cleared CA-CPT & IPCC g-1& did orientation programme &information technology tranning required in CA I want to do CS also ;Is there is any exemption in 7days & 70 hours tranning for appearing in executive exam what is the procedure for entering in CS ? What is the Last date for registration to appearing in executive june2015 exam; from where I can get form related to this please reply -mohitbansal754@gmail.com pH no 8864967579

1.What type of incomes Huf can earn except rent on inherited property and commission Income? 2.Can huf do business i.e trading of goods? 3.Can huf be registered as a dealer under mvat ? 4.The turnover limit for registration under mvat says " turnover of taxable goods is Rs.1000 or more - What does it mean ? "

There is payment of interest on loan which has been capitalized to Fixed Asset A/c as per AS 16.
Whether this interest payment is to be shown as cash outflow under Investing Activity or Financing Activity?

If interest is debited to Inventory then where will we show interest payment?
In Financing activity or Operating activity?

plz. help me

why we can deduct tds on purchase.
in delhi or other state.

i waiting your reply.

Regards
Raj kumar