Answer Posted / baseer tawheedi

1.
Salary A/c Dr Rs 20,000
To Salary Outstanding A/c Cr Rs 20,000
( Being salary outstanding)
Note: since salary is anture of expese therefore debited
and salary outstanding means salary not yet paid therefore
is a current liability. thus will be credited.
2.
Prepaid insurance A/c Dr Rs 5,000
To cash/Bank A/c Cr Rs 5,000
( Being insurance paid in advance )
Note:- Since insurance is paid in advance therfore is a
current asset.Hence ill be debited and cash decreases or
goes out so will be credited.

I MR A REGISTER DEALER IN MUMBAI [MAHARASHTRA], I WANT TO PURCHASE GOODS FROM BANGLORE AND DIRECTRY SALE TO HYDRABAND. IN THIS CASE WHO TO MAKE / PREPARE MY SALES BILL IN MUMBAI AND WHICH SALES TAX FORM I WHAT TO ISSUED.

1950

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IF I HAVE PAY COMMISSION TO LOCAL AGENT RS-5000 THEN HOW MUCH I WILL DEDUCT TDS & IS PAN CARD REQUIRE

7028

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i had received an arrear 0f Rs.700000/- lacs for the period 1.1.2007 to 31.3.2010 and Rs.78000 for the period 1.4.2010 to 31.7.10 during aug'2010. my normal salary for 2010-11 is 400000/-. on what amount will my rent free house perquisite be calculated? i have also claimed rebate u/s 89 by distributing my arrear salary in previous years.

2203

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what is the difference between captive consumption and cenvat in tally erp9 and when we have to use it

2328

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what is the scope of business taxation in private company?

2349

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CAN TWO VECHILE PASS TO RAJASTAN FROM NASIK ON ON ROAD PERMIT

2103

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is WCT applicable one time? and what will be rate of WCT in UP State?

1949

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My client has not filled income tax return for ay-2013-14

1670

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In one year how many times tds, service tax, and Mvat is paid?

2799

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how will one calculate TDS when the bill is with service tax (SAY an AMC bill ) and what treatment will be there when it is a rent bill with service tax. is there any rules in income tax as to deduct double taxation?? pls help with rules sir

2047

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We have a constructed a goverment approved textile park in year 2007. will we have to pay Service Tax on that Construction Service?

1884

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What is Form-I, FORM-F, FORM-H, FORM-E and FORM-C?

9171

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WHAT IS COMPOSITION RATE IN Andhara pradesh SALES TAX?

1924

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if i have a comany take contract from gvt. & i take contract from that company, & in his bill he show about all tax deduction ike IT, WCT etc, but material is purchase by that company not by us so here i want to know how WCT applicable? on total amount of contract or according to rule like material service & after adding all things??

1820

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What is the commitment to the bankers against L/C ? They need any colletral Security or any deposit ? What is terms & conditions of L/c?

2525

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