What will be the journal entries for the commission given on sales in Cash.how to maintain commission a/c

anyone can help me in consolidation I dont know which q to do or not to do I am confused plz suggest basics so that I can solve that part in every question and important adjustments

Dear all, a very simple question, can anybody tell me why opening stock and closing stock are considered for deriving profit? Ex: sales closing stock-opening stock-purchases-cost=profit. Whereas actually the profit is sales-costs.So why stocks are considered

Hi Professionals,

We are running a business where our customers paying installments every month and in return we deliver them products at the end of last installment.except this we make a draw every month and winner of draw gets rewards like vehicles,jewellery and iphones etc.we have also a plan if anyone gives us sale,we give them rewards as i mentioned above.we make cash purhcases and give them to our winners.we also give them commision on target completion.my question is what accounting treatments are needed to be done here.do we consider these a sale or gifts.what journal entries are required to be passed.any help would be highly appreciated.

name the category of account that is not balanced. what is the meaning of balanced in this case.

whether the lpan amount transferred to capital a/c or it is directly settled through cash bcoz in ts grehwals book it is said that this loan amount is nottransferred to capital a/c while in dk it is said that kt is transferred to capital a/c so what is the matter

Dear sir /ma'm I am super stockist of bikano chips pvt Ltd. Bikano company instruct me to pay salary of a company boy.. And against this company issued a credit note to me.... Pls suggest me what will be the accounting entry in double accounting system.

Dear Sir,
We are a private Limited company with a total capital of less than Rs 10 crores. Kindly advise us if we have to mandatorily appoint auditors for a period of 5 years.
I do not think we come under Section 139 (2) provision because we are not listed company, we are not having any bank borrowings or public borrowings .
Kindly confirm if my understanding of the provisions for appointment of auditors for 5 years is correct. Since we do not come under the provision I feel there is no requirement for appointment for 5 years in one AGM.
Thanks for your reply in advance.
Ranganathan.

I have a Proprietorship business & want to make a PAN Card on the name of my business, while i have already an individual PAN Card on my name. Is it necessary to make PAN card on company name.

Actually we are going to submit vendor registration form to MNC company and he is asking for PAN card and one Cancelled cheque.

My question is can i submit personal PAN Card and personal account cheque.
I have already current account on company name but write now dont have any cheque already applied for the cheque to bank..

what is the last date of cpt december 2016 and how i apply,/?