Provision for depreciation & provision For bad debts, what are the nature of such accounts ?

I am working in flour mill,
we are purchasing wheat from other state suppose bill amount is 10000/- we are deducting the cash discount, net weight claim, rate diff, & bags weight claim is Rs. 300/- we are paying to party is 9700/-,
Now which amount should be taken as non creditable purchase & to which amount we have to issue form "c"?
kindly clarify. flour mill is at andhra pradesh.


Mallesh.

TDS already deducted by bank Rs 10/-
TDS a/c dr 10
Bank a/c 10
Total Int. Rs 100/-
Int receivable Rs 90/-
Please let me know what would be due entry of above mentioned case.

In a job advertisement I saw recently the advertiser had mentioned that the candidate should be good in - Balance Sheet reconciliation.



Can anyone please let me know what is Balance Sheet Reconciliation and how it is done?



Thanks.

Under which head

Unpaid Exp like Telephone Exp, Electricity Exp, Legal Fees, Prof Fees, Transportation Ex p etc. should be classified in revised schedule VI.

Whether it is classified under 'Trade Payable as Creditors for Expense' or under 'Other CUrrent Liabilities'

We have received credit note for discount on monthly scheme after the purchases is made and the supplier has charged Vat on it. Now what is its accounting treatment? and Should we have to pay vat on it?

I have an FD amount of Rs. 5,00,000/-as on 31.03.2011.

Maturity Value of Rs.5,34,060/-.Matured Date is 14.06.2011.

I reinvest the whole amount that is 5,34,060/- on 14.06.2011.

As on 31.03.2012 I recieved Interest Certificate Rs.44316/- and TDS Rs.3711/-

Can anybody help me for what entry need to be done in my books.

Thanks in advance.

at the time of payment of security deposit of the contractor which was deducted previously and credited under Security Deposit Contractor Account is it mandatory to first transfer such Security deposit to the particular party account by debiting the Security Deposit and crediting the Party and then make payment entry by dr. party and cr. bank

Interest liability on TDS for the year 2010-11 is arises in the financial year 2011-12 and such interest payment is made in the same financial year. whether such expenses are booked under prior period expenses or under Interest on TDS... Please Reply as early as possible

Whether processing fees paid on sanction of Cash credit loan can be amortised over the period of the CC or should it be expenses off straightaway?