is it possible that there are sales returns on cash sales ?
Hi, i need a letter formate of Balance confiramtion as on 31st March. If u have please send me
hunny070@gmail.com
The Company is into manufacturing and Trading of Fertilizers. The company manufactures Phosphoric Acid which is a raw material for the fertilizer production. During the manufacture of phosphoric Acid Gypsum is produced which is a waste for the company and has a low sales value in comparison to the realisation from sale of Fertilizers. Prior to the introduction of Revised Schedule VI the company used to treat the sales value of Gypsum as part of the turnover. But after the introduction of Revised Schedule VI the company is being advised to show the sales value of Gypsum under 'Other Operating Revenue' rather than showing it under 'Sale of Products'. By this Gypsum sales is now not forming part of the Turnover. Company's contention is that Gypsum sales should be shown under 'Sale of Products' and not under 'Other Operating revenue' as advised.
Please comment.
Is Corporate Dividend tax taken on provisional basis in the Annual Report.
If yes then while showing the provision the next year for comparison on an annual basis, can actual amount be showed
Where to take Provision for Leave salary???
Adarsh Ltd., was formed with an authorized capital of
Rs. 30,00,000 divided into equity shares of Rs. 10/- each. The company
invited applications for 2,00,000 equity shares of Rs. 10/- each at a
premium of 20%. The money was payable as follows:
On application Rs. 5/-, on allotment Rs. 4/- (including premium of Rs. 2/-)
Rs. 2/- on first call and rest on the final call.
Applications were received for 2,40,000 shares and allotment was made
as under:
(a) To applicants for 1,00,000 shares in full;
(b) To applicants for 80,000 shares—60,000 shares were allotted;
(c) To the applicants for 60,000 shares, the rest of the shares were
allotted.
Applicants for 1,000 shares in the (a) category and applicants for
1,200 shares falling in category (b) failed to pay the allotment monies.
These shares were forfeited on their failure to pay the first call. Holders
of 1,200 shares in category (c) failed to pay the first and final call and
these shares were also forfeited after the final call. Of the shares forfeited
1,300 shares were re-issued @ of Rs. 8/- per share as fully paid up. The
re-issued shared included 1,000 shares of category (a).
Journalise the above transactions and also show the Cash Book.
I want a chapter of Holding Companies Accounts.
This chapter is given in the following books of Hanif Mukherjee
1) Modern Accountancy Vol. II
2) Corporate Accountancy.
However, can anybody tell me from where I can download the above ebooks?
pls help me...
Expenses & incomes of 1st week of April shall be included in previous year ?
Dear sir,
For the purpose to increase turnover if we go making invoice big value to sister concern ( same family business) can we consider as revenue recognised?
or is any other law to protect such activites?
Company has installed a Lift for his office building purpose, under which head lift is classified?
and the rate of Depreciation under companies act 1956?
can any one guide me.
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