Answer Posted / moti

salary ..................dr
to salary out standing a/c.
(being salary due)

while payment.
salary outstanding a/c......dr
to bank a/c.
(being payment made clear.)

Income Tax Department sends cheque for INR 2 Crore as Refund after completion of Assessment for A.Y.2011 - 2012 to a Company. As per IT Return filed for this year I.T. due to Government was INR 60 Lac but was assessed at INR 70 Lac. TDS due to Company was INR 3 Crore which was admitted as INR 2.7 Crore by Government. Government also adjusts Tax dues for A.Y. 2009 - 2010 of INR 40 Lac which was disputed earlier by the Company and Appeal was lying with the CIT. Government pays Interest to the Company amounting to INR 40 Lac. Provision for Income Tax made by the Company in its accounts for F.Y. 2010 - 2011 (A.Y. 2011 - 2012) was INR 50 Lac. What would be the Journal Entry at the time of receipt of Refund of INR 2 Crore from the Government in A.Y. 2014 - 2015 in the books of the Company?

2498

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Is it possible to list only a portion of Equity Shares leaving the balance as unlisted?

3051

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In the case of Internal Reconstruction of company Accrued Int. On debenture / Outstanding int. On debenture transfer or not in capital reduction a/c . Explain

1536

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I want to validate Customer credit payment with customer invoice, When billing time, the system check the customer credit payment, if customer credit is lesser than customer bill, system should not allow the billing further process. Can I configure in sap

2156

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I am Simrat Kaur. I am persuing graduation from P.U. I have an experience of 14 months as a CSA. But i hav an experience letter of 6 months.But I can show my joinin letter of the other job. I hav knowledge of basics of computer & internet. Actually, m findin job in chandigarh. I am findin the right opportunity. so, Can u plz help me in findin the right job?? Can u plz tel me abt where interviews r goin on?

2470

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I want to know that , If we called a person for one day for drive our company van or any other purpose. so how it will accounted in our (i.e companies) Books of accounts....

1247

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Does any one attented HSBC audit compliance test? Please let me know asap. suraj

2772

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Is form 38 mandatory to issue c form in up. thru online mode

1772

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what is meant by search report of the company n why is it prepared?

2128

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Can anybody tell when sbh dispatches appointment letters for Clerical for people completed medical and scrutiny of documents on 15/08/09?

2353

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why your choseing bank of america

2765

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what is the abrevation for JJ in form jj

1908

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hat is the meaning of the capital ique,and hat is capital,and ahat is ique

2591

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How does a bank or financial institution calculate COGS? What are the 'direct' costs of a loan or deposit revenue operation?

8116

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How to analyse the day to day sensex Points or Forex Values?

2792

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