dear experts,
our transporter had short supplied of goods to our consignee around rs.35000/-. & we have already paid the freight amount(last f.y 2011-12) to our transporter now, the same amount is recoverable from the transporter for short supplied of goods.
now what entry should be passed in this f.y(2012-13),
shall we go with the transporter debit & credit the freight outwards a/c,
if anything else , pls suggest
thanks in advance
Nitin

there is one purchase of feb 2012 month , but by mistake we did not entered in our books. sales return has been alreedy submitted of fourth quarter(excluding above bill), can i entered such purchase now in the month of may 2012

Dear Experts,

We have encountered problem in payment of PF arrears online, the scenario is
1. Emp. joined on 23rd April and has not been Hired in the system(SAP.
2. The hiring has been done in May'12 and processed along with arrears, the PF ded.has been done accordingly.
The problem here is while remitting PF online there is no option for arrear payment
Request you to suggest on How to remit the arrears PF payment online?
Regards,

VSKumar

we have made sale of a machine in INR, but receipt is in foreign currency EURO. So, whether Forex would be affected? If yes, at what rate Forex Gain / Loss should be recorded?

XYZ CO had paid MAT in the previous year.. the company forget to record the mat credit entiltlement in the previous year.

The MAT Laibility arrise in the previous say 1 lacs out of whih company paid as advance tax 0.5 lacs and balance 0.5 lacs by way of self assessment tax

In the previous the company tax liablity as per Income tax law is zero

So my question can company record the MAT CREDIT entitlement in the current year of Rs 1 lacs by passing of Journal entries

MAT credit A/c Dr 1.00 lacs
TO Advance Tax 0.5lacs
To Self Ass.Tax 0.5lacs

is the above entries passesed is correct or there are any other way to record???
pl reply....

How is discount rate determined by the company? Do they take RBI specified borrowing rate or the bank's rate where they transact.

Hello,

I want to start Accounts writing work at home. I dont have any idea how to start, from where i can get the assignments.

Please advice how can get the assignments.

I have good accounting knoweldege to do this job.

can y please tell what is the limit of tds in all cases

Please solve the question,

A B C are partners in a firm in the ratio of 5:4:3. A Retire from a firm and at a time of retirement ratio of B & C is 4:3 then what will be new ration after retirement.



A B C are partners in a firm in the ratio of 5:4:3 they admit D for 1/4 share of profit. But C share will remain same. What will be new ration after admision.



Thanks in advance

Is there any way to write back sundry creditors without raising the income? The creditors have already been paid but their accounts are still standing in books.