Dear Sir,

Please help me on a query of TDS deducted on Provision.
on 31 Mar 2013, we have deducted TDS on provision of Audit Fees by Debiting Audit fees expenses & crediting TDS account and Provision account. TDS is deposited with Department. Now I would like to know how do we reverse this transaction in books in April 2013. Also please let me know how to adjust TDS when we will get the original bill as TDS is already deducted & deposited with Govt.
Hoping for quick solution.

Regards
Rakesh

Hai all..
I am currently finalizing A/cs of a public company for FY 2012-13. But I am facing a problem of cash shortage from the beginning of d year as most of cash payments are made out of chairman's personal fund,which can't be a/ced due to many reason.But sufficient cash balance is their by end of the year. How can I adjust cash balance in the beginning by way of loan or something. Thanks in advance.

A company has created a provision for expenditure in last 4 financial years . In current financial year it comes to know that there was no need to create provision for that expenditure at all as it was not applicable to the company. Now the whole provision created in last 4 years have been written back. Whether this write back income is prior period or not?

whether AS-7 applicable to construction contractor only? or it is applicable to electrical contractor also.

while preparing annual accounts 2012-2013 it has been noticed that pension paid during the previous year 2011-2012 amounted to one crore is omitted to include in that year. How can i treat the omitted expense in current year.

My proprietorship firm converted to private limited company on 27/04/2013 mentioned in MOA that all assets & liabilities taken over by private limited company and agreement is also made mentioned that books of account will be maintained from 01/04/2013 onwards

My question is
Does we need to maintained both accounts i.e 01/04/2013 to 26/04/2013 of proprietorship and 27/04/2013 31/03/2014 of private limited company ?

Please clarify

Thanks & Regards
Mr.Lingam

Dear members,

The Company has gone for appeal for the assessment year 2010-11 however, the Company has not yet received the final order but still in this year has created a provision in the current year for the Additional demand raised by the department so whether the provision can be made eventhough the final order is not received for the tribunal?

what is out of memory in tally
i can't take print the message is showing
how to resolve it inform me
gopalparvatikar@rediffmail.com

itwill not going to print sir if u inform me iwll make to show online for confirmtion

The following adjustment to be made. Could u guide me what are the journal entries to be passed

1. Salaries : 5 clerks @ 2500 basic salary, 2@ sales commission on sales, 1000 hra 2 sales @2000 basic salary
2. depreciaton to be charged at 20@ p.a. for six months
3. Provision for bad debtors -5000

Dear All,

Can any body tell me that if we have repaired our fursh of Plant of about Rs.1000000 then will it be capitalised in plant and machinery or not.

We haven't writeoff our plant cost for its damaged fursh.