Answer Posted / sajeermoidu

staff salary a/c dr....20000
to salary payable a/c.........20000

here staffsalary are shown in p&l a/c and salary payable a/c
is shown in the liability side of the balace sheet as
current liability

prepaid insurence a/c dr......5000
to cash/bank.......................5000

here
prepaid insurence is shown in the asset side of the balance
sheet as current asset

what is the procedure for Excisable goods transfer from Head office to branch and vice versa (the branch is located in the same state) also if the branch is located in other states. How will it affect the VAT returns

2983

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Cenvat credit transaction journal entries. And what does the term reversal of credit means

1108

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on earth moving road work which type of tax is applicable?

1443

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What is the Procedure of Import & Export

1664

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what is service tax? how its count? and why its count?

1566

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Is there any change in the section 80DD for the financial year 2009-10

2190

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if any civil contractor provide service to education institute, then there is an exemption for service tax liability, and he should be quoted it on its invoice, can u provide me sample invoice formats

1732

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wct amount deducted by main company .that amount will be returned Subcontractor?If yes,how process is given me.

1133

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how we can access the Tax Deduction through PAN ?.

1553

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procedure to get Raw Material free of excise duty under Central Excise Act,

1524

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IS THERE IS ANY EXUMTION FOR THE NEW CONCER TO NOT THE DEDUCT TDS IN THE 1st YEAR OF ITS INCORPORATION IF THE TURNVOER EXEED THE SPECIFIED LIMIT IN THE 1st YEAR.

1934

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Making delivery challan is possiable between two branch of difference code

1685

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I AM A/C'S MANAGER IN CONSTRUCTION CO.WE TAKE TRANSIT MIXTURE ON RENT BASE FROM OUTSIDER.THE SUPPLIER CHARGE VAT ON THAT MACHINERY @ 15%,IS IT TRUE? IF YES PL.SAY ME WHICH SECTION APPLY UNDER THIS LAW OR NOTIFICATION OR CIRCULER FROM COMMERCIAL TAX DEPATMENT.

2129

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what are the benifits available to become and EOU in all taxes, such as Income Tax, Sales Tax, Excise, Custom

1753

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AS PER VAT AUDIT WE HAVE REFUND OF RS.25000/- ON PURCHASE OF FIXED ASSETS WHICH WE DID NOT CLAIM LAST YEAR, NOW WHAT ENTRY SHOULD WE PASS IN BOOK. ITS URGENT

1744

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