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.

Why there is differece in rate of Depreciation as per Company act and Income tax Act

Thax & Regds
Santosh

Suppose i have received a cheque and deposited in Bank on 30th march and cheque cleared on 2nd april. But TDS credit appears on 28th march itself.

Should i show such amount as income or just receivable?

Give answer with illustration
"Proprietor used a rented building both for business purpose and as well as residence equally. The rent paid during the year for the building was Rs.1,32,000 debited to rent expenses A/c in the books of business. One month rent is still outstanding. Liability of the business for rent outstanding"

I want to all LC entry

What is an event i accounts?

what is the mode of payment for dividends?is it by cash or through dividend bank account

last year Company had provision for income tax was Rs. 2300000, TDS was Rs. 241691 and refund due was Rs. 17941. so where to show this refund in balance sheet?

This year company has made loss of Rs. 2400000 so no provision for tax is required but company has TDS Rs. 625000, so how to make disclosure in balance sheet?

please help me in this regard.

we have paid custom duty on 29th March pertaing to April month shipment , that is advance , so pls tell me, which group it will show in balance sheet , prepaid exp. or advance to other group .............