Sir,
I have taken a home loan of 25L for a new house property how to account for the same in my books of a/c.
what entry to be passed at the time of instalment repayment.
I am Salaried employee.

PLEASE HELP IN REINSTATING DEBTORS IN FOREIGN CURRENCY AS ON 31.03.2012 PLEASE PROVIDE EXACT RATE FOR CONVERSION AS ON 31.03.2012

What are accounting entry passed for service Tax. please give clear entry.

we maintain the sales day book and all transaction includes here.i passed the credit sale entry as follow :-
1) cash a/c ... Dr. 100000
to sales a/c 100000
(this entry show all cash and credit transaction, in which credit transaction includes of Rs. 25000.)
2) debtor a/c ... Dr. 25000
to cash a/c 25000

3) cash a/c ... dr. 25000
to debtor a/c 25000



i want to know is these entry is right or wrong and if it is right, is it s per AS-9(revenue recognition)

i need your suggestion as soon as possible.

journal entry from company point of view

an employee draws salary of 10000 per month (incl. employee's contribution to PF 700) prof. tax 150. & employer's contribution to PF 700.

sir
what is the journal entry for capitalized interest

thank you

Please tell me whether revised schedule VI provides any change of format in Cash Flow Statements?

If not, then present format under direct & indirect method continues to be applicable for the FY 2011-12

According to AS-2--> Inventories should be valued at the lower of cost and net realizable value.
What is the logic behind this ??

Thanx in advance

Whether as per AS 10 and Schedule VI(revised), can "Dies" be charged of as a consumable for the reason that its value does not exceed Rs 5ooo/-.

in case of a company m having foll. balances in car a/c:-
op bal. Rs.516029/-
Dep Reserve till 31/03/2012 Rs.152444/-cash sale on 20/5/2012 Rs.350000/-
Loss on sale of car Rs. 13585/-
Car Purchase on 20/05/2012 Rs.1020160/-
Now as per company act, wat will b the treatment of depreciation reserve and loss on sale of car?