As part of expenses the following was shown:
" changes in inventories of finished goods, work in progress , stock in trade"
---appreciate a clarity of this

Can a director of a pvt ltd firm transfer amount to his personal partnership company . WiTH out the Board Approval

DEAR SIR/MAM,
PLEASE GIVE THE REPLY FOR THE FOWLLING
WHAT IS THE "FINANCIAL ACTIVITIES".AND EXAMPLES OF FINANCIAL ACTIVITIES.

Total Salary For a month = 27240
Employee deduction for ESI=481
Net Payment for salary = 27240-481=26759
Employer Contribution for ESI=1294, then what will be the entry
Salary A/c Dr 27240
Salary Payable 26759
ESI Paysble 481
but what will be the employer contribution's entry ie. Rs 1294

Pls answer for this problem.
Thanks and regards

A, B & C were partners in a firm. For financial year 2008-09 the profits were Rs.18,000. The partners shared
the profits in the ratio of 2:2:1. There is no partnership deed of the firm in this regard. The adjustment entry
will be ___
a) P & L Adjustment A/c Dr. 18,000 b) P & L Adjustment A/c Dr. 18,000
To A’s Capital A/c 7,200 To A’s Capital A/c 6,000
To B‘s Capital A/c 7,200 To B’s Capital A/c 6,000
To C‘s Capital A/c 3,600 To C’s Capital A/c 6,000
c) A’s Capital A/c Dr.1,200
B’s Capital A/c Dr.1,200
To C Capital A/c 2,400 d) None of these

Hello expert's ,
Anybody let me know what is the Journal entry for opening stock and closing stock ?

Can you please explain meaning of the term 'Condensed Financial Statements' as per AS-25.

Regards

IFRS IS APPLICABLE FOR NOV 2012 OR NOT???
PLZ tell me..

Respected Sir/Madam

I was preparing the financial statements as per the revised schedule VI. I am facing problems in classification of Creditors, Secured Loans, Unsecured Loans and the Loans and advances in to Current and Non-Current.

Kindly tell me the procedure to classify the same.

Thanks
Nishant Jain

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