I dont know what entry needs to be passed in the books of employee for "Employer's Contribution to PF"
Also Entry for Interest on PF Contribution
if a company has done export sales and suppose it has billed 1000 usd @ 59 and received 950 usd @ 60. then at which usd we should apply the foreign exchange rate difference i.e. 1 ( 60-59). for the purpose of calculating foreign exchange fluctuation gain.kindly reply.
Answer nowIs Statement of Affairs nd Balance Sheet are same.??
Answer nowwhat is meant by non operating income in FMP caculation.
IS non operating income and non trade income same ???
if no, kindly explain the difference between the two
Hello Experts,Please guide me Depreciation applicability as per new companies act 2013. As per new act depreciation should deduct as per useful life of an asset. My query is
- the useful life mentioned is minimum or maximum life of an asset ?
- is there any transitional effect on assets continuing in books, on which depreciation deduct as per old co. act 1956?
- from which date the new act applicable ?
-our company brought a new car on 15.06.2014, depreciation deduct under new act useful life 8yrs. or as per old act 13.11%?
many thanks...
ref to the cbdt circular dated 13.01.14 where it was clarified that no tax to be deducted on SVC tax in case of 194J. would like to clarify is applicability is for 194C also. Means any payment to resident in such case TDS will not be on the service tax component
Answer nowDear Sir,
Please tell Trade Discount received from Sundry Creditors is in under Purchase account or Indirect Income,
i am pursuing article ship and going to complete one year .but still i am confused either i am getting a good learning experience mainly because there is no bank audit in our firm but i have done tax audit,internal audit etc..and audit if private company too .so please can anyone clarify me regarding what all we learn in our training and are my worries correct .thanks in advance
Answer nowwhether fmp to be booked on accrual basis as on 31/03/14?
Answer nowHi All,
The Organization which I am Working Right Now, a New Employee has Joined and for 'TWO' Months he has been "DEPUTED" To Mysore Branch.
As per Management Decision & the Company Policy for a Person 'Sending (DEPUTATION)' To Our Mysore Branch, say Around Rs.5000 has to be paid.
In this case which Account head I should book this Expense (Or) What Exact ledger Account I should Open and Which Group head I Should Book?
Can anyone Please Guide me right now because I need to book this Exps. Today.
Look forward.
Thanks & Regards
S.Sugadeesh Kumar
9840962347
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)
Journal entry