Machinery Rs.7500 is given an employee on 9th july 2011 but it was not recorded.However this much amount deducted from the salary.In Balancesheet sheet machinery is showing-Opening balancesheet on 31-3-11 rs.4,00,000
and balancesheet on 31-3-12 rs.7,00,000.pls reply me the adjustment entry.pls..

I am working as an accountant for Proprietorship Firm, My Question is which expense of Proprietor can b claimed as expense & which needs to treated as Drawings?
any link or website or accounting notes on proprietorship will Do?

Tnx in Adv

What is the meaning of unsubscribed capital.

How is it dealt with in accounting of share capital.

Thanks

vehicle value 45 lakhs
down paymnt 5 lakhs
loan taken 44 lakhs
excess of 4 lakhs ( 45-4) is fiance charges so hw can i capitalise .

PLEASE HELP ME OUT, I WANT TO KNOW PART OF PROFIT TRANSFER TO DEFERRED TAX LIABILITY HOW TO BE SHOWN IN REVISED SCHEDULE VI

vehicle purchased for 45 lakhs . paid down payment 5 lakhs . and taken loan for 44 lakshs . excess of 4 lakhs is for term charges on loan taken how can i capiatlize that termcost . please help me in posting journal entry . please tell me the journal entry

pls do favour for me m

Dear Experts,

Can you please explain it`s accounting aspect and also as to how it will be presented in Cash flow ?

I WANT TO KNOW WHERE TO SHOW COMPANY F.Y. PROFIT IN REVISED SCHEDULE VI UNDER RESERVE & SUPLUS WHETHER UNDER THE HEAD REVALUATION RESERVE, PLEASE GUIDE ME

UND COMP ACT DEP FOR COMPUTERS IS 16.21% ON SLM BASIS.IF NEW COMP IS PURCHASED ON 1-4-2011 FOR 10,000 DEP FOR FY 2011-12 IS 1621 and for FY 2012-13 is also 1621.IS it correct calaculation?.
If compu is purchased on 1st OCT 2011,then dep for FY 2011-12 is 813 and FOR FY 2012-13 IS RS 1621.IS IT CORRECT?.
PLEASE GIVE ME DETAILS. THANKS IN ADVANCE.

Hi,
I need clarification- if they charged Service Tax on that what is the entry and what about TDS, let say

1)Invoice.
Security Service Charges-10000
Service Tax(12.36) 1236

2)TDS(2%)Treatment-Rs.225.
When i have to consider- while passing the entry or while making the payment. And what the entries for all the above.

Thanks
linga