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shaikh aijaz khalil
22 December 2009 at 12:11

Entry Problem

Dear sir
I want to know the suitable head for accounting entry. My company decided to pay back to the sale executive 50% of the recovery of old oustanding he deposit. and company will keep 1000 per case for new delivery and remaining amount will be payback to executive. The executive have to settel all his expenses, salary, market scheme, sales promotion within the amount company had paid to him. I have a problem that againt which expenses head I have to reimburse him.
1) recovery expenses.(bcos all the schemes and personal expenses will be paid through the executive)
2) Commission (TDS problem - the executive cant bear it bcos after deduction it is hard to expend the remaining money in market.)
3) Incentive (Same TDS problem)

Please suggest me.

Thanks & regards
SHAIKH A.K.

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Gautham
20 December 2009 at 13:59

dividend

can a company declare 100% of its profit as dividend?

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Anonymous
18 December 2009 at 17:43

AS-7

Para 35 AS-7, When it is probable that total contract costs will exceed total contract revenue, the expected loss should be recognised as an expense immediately.

In a Case where contract till not started, what entry to be passed to recongnise exp in pl? should we create a corrosponding provision in b/s?

In a case where contract cost of such part of contract which is pending to incurr is expected to exceed revenues, what entry to be passed for same purposes?

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anita
18 December 2009 at 15:52

permanent stock

which type of asset can be taken in fixed assets. whether heater, heat convector, calculator, can be taken in fixed assets. please clarify the fixed assets. whethere therei is any software for fixed assets










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Anonymous
18 December 2009 at 12:35

professional tax slab fy 2010-11

Dear Sir,
Kindly give me the professional tax slab rate financial yer 2010-11

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Anil
18 December 2009 at 12:30

What is the difference?

Please let me know the difference between P & L adjustment account and P & L appropriation account.



Thanks.

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sridhar
17 December 2009 at 13:14

ICWA final

Looking for test paper note for getting clearance in study note 15 & 16. If anyone has these notes could u let me know.

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Aijaz Khan
17 December 2009 at 11:53

tally

Sir,
i have one query that in logistic company how to pass topay train entry.pls help me regarding logistics entry in tally thakx

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Anonymous
16 December 2009 at 21:16

PrePaid Rent

Hello Sir,

Please advice me prepaid rent calculation and forward me any Excel sheet or fomula of pre paid rent

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MAYUR JOSHI
16 December 2009 at 11:11

Sales in first year & Return in Next year

A company has sold some goods to its sister concern in FY 2008-2009. Now in 2009-2010 the company would like to take back the said sold material.
Whether it could be possible to show it as a fresh purchase in our books? any accounting standards, norms, principles, policies on this issue?

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