Dear Sir,

I am preparing Stock Statement first time. Pls. see following transaction.


FG Rate Basic Excise VAT Net Total
500nos 10/- 5000/- 515/- 689/- 6204/-

Kindly tell me what will be our rate of finished goods for 1 qty.

Rs.10/- Or (+ Excise & VAT) ??? [6204 / 500=12.41 ?]

Thanks in Advance.

Raj.

Dear All ,
We are having a client doing construction contracts of various banks, in these regard , against our bill banks are deducting KVAT(karnataka VAT)4% ( as per composition )and later on they are giving the cheque to us in the name of concerned LVO, How to Account these transactions. Please Help me in these case.

A company has received an invoice on 15.08.11 The invoice date is 03.08.11.
As per mercantile system of accounting at which date this expenditure should be recorded?

hii .. i want to know the accounting treatment in respect of the following .. the has deposited money in a chit fund @ rs 10,000 per month for two months .. he has also taken a loan from the chit fund for rs. 1,50,000..
how do i disclose this in the balance sheet of the assessee ?

hii . my query is in respect of chit fund business .. the assessee has a chit fund business . the monthly collection is Rs. 50,000 . for which the entry is Cash A/c To Chit Collection A/c .
the assessee holds an auction of the chit every month for the members .the assesse pays the amount to the successful bidder . in this case he has paid rs 35,000 . so the entry is Chit Advance A/c To Cash ..
i want to know if the above accounting treatment in respect of chit funds is correct
thank you .

good Morning Sir/Mam,


I hve a questn tht when an org pays advance payment for acquisition of land , so under BS where it is shown..... as advance or as a capital WIP bez it is estabiling org.

CAN ANY ONE PROVIDE ME MIS REPORT FOR CASH FLOW.

Dear sir/ madam,

Please help me how to prepare projected balance sheet and profit and loss account for two years

how deprecation is expenses?

If I have purchased a Flat of rs.50 Lacs by taking a hosing loan of rs. 50 lacs, can i add Interest on this loan for the 1st month and processing charges of the loan to the value of Flat???????