Dear sir
I made one entry for creating pro.for doubtful a/c

1,bad debt a/c dr 10,000/-
to
prov.for doubtful a/c 10,000/-

2,prov.for doubtful a/c 10,000/-
to
account receivable

after some time i received the above cash
i made entry like this

3,cash a/c 10,000/-
to
receivable 10,000/-

4,account receivable 10,000/-
to
prov. for doubtful 10,000/-

5,prov.for doubtful a/c 10,000/-
to
bad debt a/c 10,000/-

sir this entry which i have passed is correct or not please help me

I am Working in Manufacturing Company at Uttar Pradesh. It has a branch in Delhi. U.P Branch engages in production and transfer stock after charging Excise on goods. Delhi Branch has a Sales Unit. We are facing the problem during consolidation of accounts if closing stock still in delhi branch. Please suggest the accounting treatment of Excise charged during stock transfer on the closing stock when we consolidated the accounts of Company

Provision created as on year end for audit fees 60000,but after that Auditor raised bill of 70000 what will the accounting treatment and journal entry?Help me.

when all the entreis are contain date belongs to last year how to change all enetries at a time to current year

Pls suggest where to account Court Fees in our books of accounts paid for suit filed ag one of our client ?

scenario is.......
XYZ pvt Ltd company is holding 51% invesments in a ABC LLP.......in this situation, whether XYZ has to consolidate the books along with ABC LLP????

Need help in two situations
i. having full control
ii. not having control over ABC


Thanks
Prasanth K

Please resolve my querry.

On the receipt of Insurance claim of vehicle, what to do with this transaction in accounts.

Its capital receipt or revenue?

please inform me on urgent basis.

Dear sir

I purchase one land for rs.100,000/- (loan)and it’s processing fees 5,000 and in the bank statement i saw rs.50,000/- interet capitalized and another interest 10,000/- not capitalized what is the value of assets.which amount i have to book as assets

thanks

Suppose through bank amount has been paid to one of the employee using NEFT facility Rs.2000/- but bank has paid wrongly Rs.2500/- After communication with bank for the same bank has agreed its mistake and pass reverse entry of Rs.500/-

Entry made by comapny,

Party A/c 2000/- Dr
bank A/c 2000/- Cr

But under which a/c head remaning Rs.500/- entry should be processed. Wheter as bank charges or penalty which afterwords may be reversed with narration.
Plz help on this .

Dear all,

A company has purchased machinery costing Rs. 1,00,000 and eligible for weighted deduction of 125% for Income Tax Purpose. whereas in books of company they charge depreciation S.L.M basis and life of machinery is 4 years.

What will be accounting treatment in the books of the company as per AS 22 (DTA/DTL)?