does insurance on new car be capitalised or charged as revenue expense..???

Hi

Please give a detailed explanation for the Journal Entry given below. I was not able to understand what reasoning from Golden Rules was used to reach this Journal entry. - Employees had taken stock worth 10,000(Cost price-7500) and the same was deducted from their salary in the subsequent month.
Journal entry-
Salaries A/C 7,500
To Purchase A/C 7,500 Question-

1.Explanation for Debit and Credit using Golden Rules
2.Why 7,500 is being debited and Credited,why not 10,000.

Hello Experts,

We are withdrawaling the Cash thru self cheque for petty cash

is there any limit for withdrawaling the self cheque

is there be a taxatation problme in doing this.

please give your suggestions.

thank you

Sir

I am working in a BPO cum software company.We are having different processes which are done by a group of persons. I want to ascertain the profitability for each process. We receive funds from clients individually for different processes. How can I allocate the fixed costs like rent, electricity,etc

deferred tax asset created in AY 2011-12 instead of deferred tax liability. how to rectify the abouve entry in AY 2012-13.

Sir,
I am a IPCC student.I want to confirm that schedule vi is not applicable on insurance companies, banking companies,electricity companies.

I want to know that in case of branch accounting profit and loss a/c will be as per schedule vi or it can be T shape, (in case of company).

Dear Sir,
Plz advice me what will be the journal entry if I will pay the service tax amount of service provider as per following details :-

Party :- security guard service provider
Amt :- 44900+ service tax 5549.64 = 50450 net amount

Is this entry right ?

Security chgs ..Dr. 50450
Tds ….Cr. 1009
Security provide…..Cr. 49441

plz sugest me how will treat of service tax amount which will pay by me.

If we receive tender fees in respect of construction of building on land then what should be the treatment of that tender fees ?
Whether it should be considered as capital receipts and deduct it from the cost of project or it should be treated as revenue receipts and credit into P&L a/c .. ?
Plz guide me.

how is capital work in progress valued?

What is correct entry of TDS REFUND?
One of our clients paid us for our services without deducting TDS..so after a month he submitted FORM 16A on that basis I arranged payment. And passed this entry. TDS RECEIVABLE A/C.......Dr.
To bank A/c. But when I saw previous entries by different accountant TDS RECEIVABLE A/C..........Dr
To BILLS PAYABLE A/C. And then BILLS PAYABLE A/C......dr
To bank. My question is hich is correct entry and the other entry routed through BILLS PAYABLE