dEAR SIR.PLEASE PROVide the journal entries related to loan viz

1 for taking cc from bank.
2.when we make payment from this cc.
how it is shone in balance sheet at end of the requirement.

Sir

Please confirm the entry to be posted for 31.3.2014 for receipt of payment in 14-15

When we have booked sales entry in 13-14 we have posted as below

dr,Customer
cr.Professional fees
cr TDS 13-14

For TDS knock off we have posted a JE on 31.3 as below

Dr.TDS
Cr.Customer.

Whether this entry is correct

Dear Sir,

We have incurred expenses on designing & development of our company website. under what accounting head it will accounted.
If it is Fixed expenses what will be depreciation rate?

Thanks

Vinod

Can someone please explain what is the MACRS system of Depreciation Accounting. Thanks.

my company has taken Anti virus software for 3 years , now my question is that as per income tax act it is treated as revenue exp.
so whether journal entry to be books of accounts passed
computer repair and maintenece A/C --Dr
to party A/c

or
computer repair and mainteneance A/C--dr
prepaid com, repair and main. A/C--Dr
To party A/c
please reply this question as per income tax act and as per Accounts also.

if any expenditure is disallowed in firm's income, what it would result on individual partner income

stale cheque reflating in trail balance from long time what does it mean

When an asset like computer is purchased for rs 40000, and depreciation is taken for 3 years .


now after 2 years the mother board got damaged and so purchased a new one at a cost of 15000/- .

now my question is ?
1 how to calculate depreciation
2 shuld we treat mother board as an spare part or an asset ?

if travelling expenses done by proprietor or owner of the organization then is it duducted from net profit??
or it is considered with drawing a/c!

Good afternoon all, sir, i am working in construction company. I got a work contract bill, where they charged 85% Vat and 15% Service tax. Can i take both input credit? How can i deduct tds?