Please give is gratuity details

Dear sir,
my organisation purchase raw material of rs 150000 gross of which vat is 4500 and at the time of payment we pay only 145000 bal. rs. 5000/- is not paid . But entry was passed as:- Raw Material a/c Dr. 145500
Input Vat a/c Dr. 4500
To Party a/c 145000
To Misc . income 5000
I think above entry passed is wrong.There should not be misc income.
what should i do for adjustment of rs. 5000/- which will not effect my other account compliance.

DEAR SIR/MAM,

WE (COMPANY) HAVE PURCHASED A FLAT IN MUMBAI FOR WHICH WE HAVE TAKEN A LOAN OF RS. 4 CR. NOW WE ARE PAYING INTEREST ON THE SAME. KINDLY LET ME KNOW HOW SHOULD I TREAT THE ABOVE EXP. ANY AMOUNT DO I NEED TO CAPITALISE OR FULL AMOUNT SHOULD BE EXPENSED OUT.

I mean.. I registered for IPCC on 23 July 2010 then when expire registration of IPCC course? actually sir I didn't get IPCC registration letter up to this date.. & which date will be consider for completing 4 years of IPCC? IPCC registration course date or cpt course date? pls help me sir

Hello sir/ mam,

Please tell me the password for extracting 16B zip file.

A contractor, who is executing a project, is given interest bearing advance. What should be the treatment of interest earned on such advance?

Would be grateful if some reference to Accounting Standard is available.

SIR HOW TO CHANGE FINANCIAL YEAR IN TALLY THAT MEANS HOW TO GO FOR NEXT YEAR F.Y.14-15...AND IF WE WANT TO MAKE CHANGES IN 13-14 WILL BALANCES IN 14-15 WILL AUTOMATICALLY CHANGES OR NOT..??..LIKE OF LIABILITIES AND ASSETS..

THANKS

WHO IS RESPONSIBLE FOR SUBMIT THE 26QB IF I SOLD MY IMMOVABLE PROPERTY.

EXPERTS,
I HAVE 1 QUERY,
PLOT PURCHASE BY BUILDERS IS SHOWN AS PURCHASES OR CURRENT ASSETS.??

THANKS IN ADV

Dear Expert,

One of my client is starting renting of toys business . The life of Toys Is between 3 to 12 months.

What should be accounting treatment of toys in books of accounts.

Whether to consider it as inventory or assets & charge depreciation on assets.

If assets whether it will be covered under operating lease & will AS 19 attract?

Thanks in advance