suppose a co. is dealing in manufacturing of fertillisers and for that a "pipe" of special specification is required which gets totally used in the manufacturing of that fertilisers, so the co. imported those pipes suppose at a price of rs. 10 lacs as those pipes of same specific technical specification were not available in india at that time,but after certain time those pipe of same technical were available in india at a price of rs. 7 lacs..now the co. wants to value those pipes..as these pipes are treated as inventory..now my query is that at which price these pipes will be valued at the year end?..

Hello every one,

i want to know that there is any facility in tally to freeze data,
i mean if i want to freeze data of aprl to sep so what to do....

Dear Sir,

We have electrical masts and lamp as in our asset register. Now we have planned for conversion of lamps from exisitng SV lamp to Greenline LED lights which rendering not only the extended running life of the lamps and also the cost benefit.

could you please suggest , whether we can capitalized the smae expense or it should be revenue with an example?


sanjeev bagchi
9926907455

help me solving amalgamatoin question relating to advance question

what is goods repossessed a/c and wat is goods repossession ???can any one help me out quickly?

as per schedule 6,if there is an amount invested in the capital of a partnership firm, y is it shown under the heading investments and not loans ?

want to know detail explanation of prior period items and its accounting entry

hello,

Pls. tell me what points should be remember at the time of finalisation of balance sheet like calculation of dep., closing stock, outstanding exp. , prepaid expenses & what more?
Pls tell me.

Dear All,

I have some query with respect to provident fund accounting

1.what are the ledgers to be create for provident fund
2. under which group in tally
3.give journal entry

Please send the reply to my mail ID: sakthivel135@gmail.com

i purchased a book of ca pc tulsian on pcc worth 750/- as it was very simple in language but it contains no accounting standards and also 1st chapter of pcc accounts vol 1 i am so very worried from where should i read accounting standards. can somebody please tell me from where should read accounting standards which are very simple in language.