What should be the Accounting treatment in the books of a Limited Company for following situations :
Q 1. what should be the journal entry for payment of Additional Demand of CST on account of assessment of earlier years in the current year. Can it be booked as current year's Expense.

Q 2. What would be the journal entry if Bill for Certification services by a CA for the year 2012-2013 is received in 2013-2014 and no provision for the same expense was made in the year 2012-2013

How to make provision for expense for the period march to april

ex: telephone expense period 9/3/2013-8/4/2013

provision in march 9/3/2013-31/3/2013 ?
provision in April for 1/4/2013-8/4/2013?

how to allocate?

One asset transfer from A plant to B plant, at the time B plant spent installation & freight charges for that. can v capitalised that exps. Pls suggest to me.

Hi,
Pls clarify.. One asset capitalised on jan'2013. At the time of capitalisation v have missed out the freight amount due to v have not received from vendor. Now (2014) v received that bill(freight). Pls suggest can v captilalised the same.

what are the conditions when goodwill showan in liability side...(in company either proprietor)... Thanks ....

Can return on equity and return on assets be calculated for a half year or a year less than a year, to show your ROE/ROA for the proportionate period.

For eg: Net profit for the half year
divided by Average equity during the half year.

Will it make valid interpretations. Please guide urgently.

Thanks

A company will have to pay these expenses below to a supervisor on site. below is the bill given by supervisor occurred expenses on site.
BILL is below:-

Labour charges 2420
Helper 4250
repairing expenses 1215
Previous balance of supervisor will be paid by company.

Company paid only 8000 in Cash &
balance will be paid by company Rs:- 2705

What would be its journal entry in the books of company?

Dear sir

My company was taken new building for rent.
it is office purpose.So we need to purchase electrical items and ceiling work.My doubt is those items expenses are fixed assets or expenses.
Anyone please inform me.

Thanks in advance.

Srinivas

How can be Bifurcation will made For more than six month and less than six month debtore???,
if in B/s opening Balance will 10000 as on 01/03/2014 and payment received of Rs 4000 on 02/12/2013 and closing balance 6000,, then how it will be treated as more than 6 month or less than six month?

if we have to pay to supplier then they are called creditor and recorded on the liability side of b/s. how to treat if now no longer going to pay to them.i.e(such as bad debt for debtors then what for creditor)



please reply soon.....