rm purchase-1000(20 kgs)
vat-4
other expenses-5

total-1009

journal entry


purchases dr 1009
party cr 1009

purchase cr 4
vat receivable dr 4

while recording consumption the avg rate (1009/20) ie 50.45 is used.


please let me know if the aforesaid journal entries are correct.Also let me know if the issue price(50.45) for consumption is right or wrong

Hai,
My name is Harinath.I am completed IPCC-1st group.I want to buy ICAI 2nd group study materials on ICAI publications for because of change in Information technology syllabus.
Is it prefarable? Tell your suggestions as early as possible.

1) Please help for audit fees entries on 31 march i have to pay 200000 in april but service in march, what is provision entry for that with tds entries

i Have incurred expenses under 194 I for building rent and for machinery rent ,should deducted TDS on both expenses.Rent provided by a proprietor firm and rent paid by the co.
Building Rent-1 lacs Annually.
Plant and Machinery rent-85,000. per year.
Rent is paid to A single firm is 185000 should deducted tds and how to deduct TDS.

Dear sir,
Please help me to solved this one,
1) In march we have create provision like i have to create electricity bill expenses, suppose i create expense of electricity bill of rupees 1000 on 31 march and in april i receive bill of rupees 1200 in april so what is the entries for that.

Thanks in advance

DEAR FRIENDS,
CAN ANYONE WILL UPLOAD NEW AMMENDMENT OF LAW FOR IPCC NOVEMBER 2014 WITH CHAPTER WISE

PLEASE FRIENDS THOSE WHO HAVE NOTES PLEASE SHARE WITH ME....

THANK YOU FRIENDS

Dear All,

Service tax should be paid upon raising the invoice or upon reciept of payments?

I am seeing people suggesting both the ways. Hence I would like to have an expert advise.

Thanks in Advance.

dear sir
can commerce graduate and have experience in taxation can open a tax consultant firm ? what are rules? please guide me ...thanks.....

dear sir
I am commerce graduate and now I have some knlodge in taxation but I want more practice in this field. so any distance courses support me and I after do that open a office? any body cooperate me in this way? please help me because I am very interested.

Sir,

I am offering the Interest on my long term FDRs on RECEIPT BASIS showing the entire Interest received on maturity. However the bank is deducting TDS on the interest on FDRs on quartely basis and remit the same to the IT department then & there in the previous years. My question is whether I can take the TDS of previous Assessment years and also the current TDS on maturity of the current Assessment year in the current Assessment year in which I offer the entire interest for Tax pruposes?

Thanking you,
V.ARUNACHALAM
17-06-2014.