I have a confusion in accounting treatment of FD,so plz guide me.
problem is
Eg. F.D=200000
Interest at end of the year=20000
TDS=2000

Then what will be the exact accounting treatment
1=in p&l = 20000 or 18000
2=in b/s = 200000+(20000 or 18000 )
if 18000 then where to show TDS amount of rs 2000

And

if i file my return to take credit of 2000 then how TDS appear in Books of accounts
like if it shown as current assets the why it is shown as current assets coz we have already taken the credit .

plz guide me
thank you in advance

Qwertyuiopasdfghjklzxcvbnm

Our client has started a new project(Building Complex).We are capitalising all the expenditures incurred till now and thereby leaving the profit & loss statement blank.According to another CA the expenditures should be shown through P/L and do not leave it blank.What is the correct procedure?Plz answer with material arguments!

Sir,

I am a accountant of a pertnership firm , this year we have open one new shop as rent basis from previous shop user, previous shop owner take rs. 25 lakh as this shop,

please tell me how i can post this 25 lakh on account.

Dear Experts,
I have one query regarding preparation of MRL.
Management had lost all the records related with preparation of Accounts but Accounts have been prepared through the help of Bank Statements. Now management is in dilemma. what should be written in MRL as mentioning the fact about base of preparation...??

Can anyone tell me the accounting for payment of stamp duty to MCA for increase in paid up share capital.

Dear Experts,

- A Cooperative Bank enjoyed the tax benefit of 100% deduction on its Total Income till AY 2006-07 (u/s 80P(2))

- Till AY 2006-07, in the tax computations, the BDDR provisions where disallowed and therefore, taxable income was significantly higher than book profit (though NO TAX was paid b'coz of dedn u/s 80P)

- Now, from AY 13-14, amounts are recoverable against the BDDR provisions, and the recovery proceeds are recoverable over next few years (based on court orders allowing deferred payments by defaulters).

- Can the entire tax savings on such BDDR provisions be considered as 'Deferred Tax Asset' for AY 2013-14?

Thanks in advance for response

hi i want to know that one of my client recorded their sales inclusive of vat means no separate accounting done for input vat receivable and output vat payable and vat paid directly to department through entry vat payable a/c dr. and bank a/c cr. therefor vat payable appear as dr. balance in the balance sheet. therefor i want to know that how dr. balance of vat payable be disclose in the books.

i will pass the jv for the sundry bal.written off then profit will increase what is the another way the ledger amount is 210000. if i pay to the creditors on voucher is it possible?

I just want to ask three questions, regarding the unlisted limited company:-

1) First of all, Whether any antique Sculptures bought for the decoration in the office can be shown under Furniture or not???

2) Secondly, if there is any increase in the market value of that sculptures(shown under Fixed Assets in the books), then can we revalue that asset? If yes, then what is the full procedures of Creating revaluation reserves?
3) And Lastly, What effect would be on the