Dear All,

Suppose a X Company has lien marked its FD,s for loan facility to be availed by its sister concern Y Company, then in such case will such whether the amount of FD's marked will be shown as Contingent Liability in the X Company's Annual Accounts ?

Dear Anyone,

Plz give me answer.

Our Company MD is Drawing the amount from the Daily business transactions.

Drawings comes under which account.

How to pass a entry in Tally.

Dear Sir,

As per books we have sold a old car 28.09.12 for 1,10,000/- and got a new car on 29.09.2012 for 787173/- F.Y.2012-13 please guide for deprecation entries.

Dear Sir,
Please advise to us how I maintain journal entry of Commission Received & Commission Receivable A/c in Tally ERP9.

A person having basic salary, rent allowance,conveyance allowance,PF retired on 2nd April'13 and joined again as a retainer from 4th April'13.
Now,can we show the person under normal salary head(as shown him upto March'13) for 2 days and under retainer head from 4th April'13 in the same Salary Register in that particular month?
Regards,
Amit Sarkar

sir i am working in a chartered accountants firm as a paid staff.I am very much confused about passing the entry of deferred tax asset/liability in the books. please guide me how the entry will be passed

Are accounting standards applicable for ca students in accounts exam for all chapters.

i am very much confused in passing capital reduction entry i am not getting when to reduce the face value and when to reduce the paid up value i.e when to pass reduction entry and when to pass replacement entry please help urgently solution required.

Regards.

Dear Sir,

we have more than 4 FD Accounts and they will be matured on next accounting year and for this accounting year ends on 31-3-2013 so accrued interest on all the above fd accounts to be passed in my books along with TDS.
please check this entry is correct and if it is not so then please make correction and guide me.
1)Accrued interest.....Dr(Current Assets)
Interest on FD ........Cr(Income)

2) TDS Receivable.....Dr
Accrued Interest.....Cr

In my payroll some employees have negative salary payable(net pay) because of notice pay and some other recoveries. How can i record journals in books.

Can i debit receivables from employee a/c (under current asset) and credit notice pay recovery?