Dear sir,

In monthly closing ,I have to pay salary,conveyance,printing and postage exp 100000,20000,6000,4000 respectively for the month of Oct 12.
I have passed entry on 31.10.12. following entry

salary dr 100000
conveyance dr 20000
printing dr 6000
postage dr 4000
To respective provision a/c 130000.

I want to know on 01.11.12 what entry to be passed for avobe entry after paymet of this exp.

Regards

Dear Expert,

Warm Regards,

I have a query regarding accounting treatment of the following transaction and effect of the same on the face of Balance sheet. Please help me out in my query keeping all acts in mind, i need the proper explanations also.

Query:-
1. Our client is running coaching institute.
2. He takes fees from students in instalment basis.
3. Currently he is doing income entry on receipt basis, as as and when the amount paid by the candidate.(In tally he prepare all the Students under Debtor Group)
4. I suggested them to book like it, please tell me whether it can be done or not??
a) Debtors A/c Dr. (Current Asset) To Provision for Services (Current Libility) (With full amount to be receivable)
b) Bank or Cash Ac. Dr. (Amt. Received) To Debtors
c) Provision for Services To Tution receipts (Income) (With the amount received from student debtor)

Please tell me whether i can do this, also when the ST laibility arises and how it will be presented in Books of A/c's and implication under Income tax Act.

If other arrangements could also be done, please feel free to tell me that also.

I WANT TO MAKE THE FOREIGN OUTWARD REMITTANCE TO FOREIGN PARTY FOR AGENCY FEES.
PLS ADVICE ME CAN I DEDUCT THE TAX AND ADVICE ME THE PERCENTAGE.

Dear Sir,

What is mean by "Capital working in progress",Sir we are having scropion plant (C&S) in Karnataka working fine last 3 years know also working condition but market is down so our plant is idle since 2 years. our head office accounts persons told me all vouchers put in to "CAPITAL WORKING PROGRESS" WHY?

A company has given mobile phones to its employees & had made payment for the same & it was capitalised. It recovers the cost of mobile phones from the employees monthly salary & credits the procedes to asset a/c. Is the accounting tratment correct? If not then what should be the accounting treatment?

Regards

kindly advice under which head the above expenses booked and shown in balance sheet.As staff attending a seminar on company behalf and copnay paid that registration fees

There is a pvt ltd company where there is no transaction and incometax return and roc compliances are required to be made.Can i sign the balance sheet without having COP No.


Please reply.Its urgent

optionally convertible debentures issued by a company is to be treated as debt or equity in the books of the issuer company?
Whether the treatment will differ if the instrument issued is redeemable convertible preference shares ?

Dear Sir/Madam,
I to want propose a salary structure for a mid sizes organisation which should contain perquisites. The organisation has 4 grades T1, T2, T3 and T4.
the CTC of the 4 grades are as follows:
T1- 59,38,000/-
T2- 31,26,000/-
T3- 27,22,000/-
T4- 10,95,000/-

Kindly send me the salary structure of these four band with "perquisites break up" in excel sheet so that i can learn the break up and calculation process.

Can anyone please tell what will be the accounting treatment if land is purchased/sold near the Indian border? Which accouting standard will be applied?

OR Any other additional information?