Dear sir,

Please tell me what will be the journal entry, if i paid rent Rs 30000 P.M. in april month, as on 07/04/2014, then what will be journal entry of Rent paid & Tds Payable


Thanks in Advance

Dear All,
Kindly suggest me that I have deposited TDS as on 06.02.14 in 94J instead of 94A, now what can I do for rectification?

Thanks & Regards!!

Hello!!

I have come across a serious problem of recording a transaction in the books of accounts.

A tender was made in absence of increase of VAT for a sale to State Government Unit. In fact VAT %age has increased from 4% to 5% in WB. Now Govt has denied making the excess payment of VAT.

May I seek your proficiency / expertise on how to record without directly mentioning Loss in our books of accounts.
Looking forward to hear from you in an affirmative note.

With best and cordial regards

S. Chowdhury

I took a continue consultancy of rs 500000 for two years starting from f.y. 13-14. In f.y. 12-13 I was not in tax audit limit so I dont deduct tds on rs 300000 bill which consultant give to me. I paid 200000 rs to consultant for his 300000 rs bill and 100000 rs is outstanding. In f.y.13-14 I will be in tax audit limit so I have to deduct tds on bill which consultant will give me in f.y. 14-15. but will I have to deduct tds on rs 100000 outstanding amount on payment basis.

Is advance given to meet business expenses adjustible with salary payable if excess of such advance is left?

Dear friends, Its pleasant moment for me to lay my question among an educated body,

Question:-

XYZ limited is in woolen business, it have approx 1000, sheeps both male and female, company get the sheep hairs from its own live stock as raw material and than convert the same in finished product as “sweater” and other woolen clothes.
Company do supply to wholesalers and dealers via its own transport have some land conveyance such as trucks, lorries and other live stocks as MERE, HORSE, ELEPHANT, and CAMEL to supply the final products at hill stations and in tribe areas where the land conveyance not available.

NOW question arise…..
1 How we can treat the sheeps (male and female) and their kids in books of accounts, are they as stock or assets for company ?
2 What is the accounting treatment for the transportation mode as horse, mere, elephant, camel and their kids, are they fixed assets or stocks (as capital item or revenue items)
3 how we will treat the milk and other byproducts dung etc of all the live stock as sheeps, mere, elephant, horse, and camel

Please help me to get the suitable answer in the light of accounting standards, company or other laws.
If you need further clarification than please let me know


Thanks & Regards

Syed Jamal Haider Zaidi

HOW TO DO FORECASTING , I HAVE BALANCE SHEET FOR 1 YEAR AND PROFIT AND LOSS A/C FOR 4 MONTHS IN MY HAND

HOW TO PREPARE FORECASTED BAL. SHEET AND P&L A/C FOR NEXT 2 YEARS, PLEASE GIVE ME SOME IDEA?

Dear Sir,
please tell me about imprest A/c, I am working in logistics company, here director of company incurred petty cash exp. from their pocket, they called me about create of imprest a/c, they first incurred petty exp. From their own pocket thereafter fund transfer in his account from company bank account.


Thanks in Advance

The subscribed share capital of s ltd. is rs. 80,00,000 of rs. 100 each. There were no calls in arrear till the final call was made. The final call made was paid on 77,500 shares. The calls in arrear amounted to rs. 62,500. The final call on share will be :
(a) Rs. 25
(b) Rs. 7.80
(c) Rs. 20
(d) Rs. 62.50
Please answer given with explain.

FOR F.Y.10-11, THE FILE IS UNDER SCRUTINY AND NOW THE I.T. DEPT. GIVE THE ASSESSMENT ORDER WHICH AMOUNT RS. 10000 AND WE PAID THE SAID AMOUNT.
MY QUESTION IS HOW DO WE TREAT THIS ASSESSMENT IN ACCOUNTS & HOW WE ADJUST IT IN ACCOUNTS?