If the TDS Dedu. from Maharashtra Ele. Corpn. for Int rec. on Deposit. How to pass the same entry in books of a/c & TDS Rec. a/c ledger will show under which Group of a/c

Dear all,

What is the accounting date of invoice?

Normally there will be time gap between date of invoice and receipt of material by the purchaser. In the following example, when we have to account the purchase transaction in our accounting system.
Example:

Date of PO: 01.08.2012.
Date of Invoice: 10.08.2012.
Date of actual receipt of goods: 02.09.2012
Date of GRN prepared by stores dept: 05.09.2012.

In which date i can account the invoice in accounting system. Date of Invoice / Date of goods received / date of GRN ?????

Kindly clarify?? In our company we are following GRN date for accounting of transactions. But I think invoice date is correct. Which is it correct, please clarify??

Thanks & Regards,
Swamy K

What os the difference between RTGS and NEFT...

Dear all,

What will be the treatment for the preliminary expenses not yet written off,appearing in Balance Sheet according to the revised schedule VI?

How it will be dealt while computing taxable income?

i would like to make provision for my sub-contractor as on 31.03.2012. eq. rs.100/- as expense (WIP), rs.2/- as tds, then rs.98/- will go to which group? PLEASE GIVE US THE accounting ENTRY & GROUPING. {WIP-EXPENSES)

'A'(Mumbai) sold goods to 'B'(Delhi) sum of rs. 10000. in turn B Deposited cash in A's Bank Account.how this transaction to be entered in A's book?

HOW TO JOURNALISE ENTRY FOR MAT ? WHETHER IT IS REQUIRED TO ADJUST IN P & L A/C OR NOT ? PLEASE PROVIDE ME ACTUAL ACCOUNTING CONCEPT REGARDING MAT ....

My Co hav taken loan from HDFC bank for INR 1402000.00/- it includes Interest Amount also. Can anybody tell me scheme of Entries for this. & Interest Treatment

Dibnm

A employee in my office got promotion a day before his date of retirement i.e he promoted on 29th and retired on 30th.Now he got increment of 3% of his basic salary only for 2 days .Now what will be his basic salary for the purpose of calculation of gratuity.

Hello,

This is with the reference of Tranporter/Logistic bill for material dispatch.

Transporter had given the bill without service tax. so pleae let me know the journal entry with service tax rate.

for example :

Transporter given the bill of Rs 100000 { NO OTHER INFORMATION FOR SERVICE TAX}