Suspense account created due to errors or omissions in the current year and due to non-correction of such suspense account in the following financial years,it is continued.Is such suspense account a prior period item?

How Secret reserve is created?

i want to download tally 7.2 (not educational mode) through internet. where can i find it ? plz reply soon

Dear All,

How should I cross check the USD Foreign Exchange rate quoted by bank after considering their margin is favourable to us or not?

The reason behind this query is that sometimes bank takes margin beyond the reasonable limit which we couldn't trace out at the time of negotiating the rate.

Plz. consider the following situation and suggest me your opinion
on 20.02.11 a Company paid Euro 500 to its foreign supplier. As on 31.03.11 amt. has not been adjusted as material has not been imported.
Doubt is that whether such advance shall be restated at closing rate or not?

Dear sirs

Kindly advise me that whether deduction should be made from salary also from performance incentives if employee take a leave without pay.
Ex. BASIC salary 10000
HRA 5000
TRANSPORT ALL.1000
PERF. INCET. 10000
TOTAL 26000
Now employee take a leave without pay - 2
How much salary should be deducted

Dear Sir,

We have purchased Crates/Bins from our Delhi supplier. but in those 500 crate we have received 22 nos. rejected (Crack).

Supplier has agreed for collection those bins on not returnable basis.

I want to resend those bins to supplier....but i have confused. Can i raised Dr. Note OR Sales Invoice ?

Please suggest me.....
Its very urgent.

Pls. Reply.

Thanks in advance.

Raj

Q.Deepak Ltd. Forfeited 40 shares of Rs.100 each (Rs.60 called up) issued at par to mukesh on which he had paid Rs.20 per share. out of these 30 share were reissued to sujay as Rs.60 paid up for Rs.45 per share. amount transfer to capital reserve will be -----

Ans : 150

How to calculate ?

Q. Mr. Big who was the holder of 200 equity shares of Rs.100 each on which Rs.75 per share has been called up could not pay his dues on allotment and first call each at Rs.25 per share. The Directors forfeited the above shares and reissue 150 of such shares to Mr. Small at Rs.65 per share paid-up as Rs.75 per shares. The amount to be transferred to Capital Reserve account will be

Ans : Rs.2250.

How to Calculate the above sum ?

1 kg. of a product K requires two chemical A & B.the following are the details of product K for the month of june.
1)standard mix of chemical A 50% & CHEMICAL B 50%,
2)Standard price per kg. of chemical A is12& Chemical B is 15.
3)actual input of chemical B is 70 kg.
4)actual price per kg. of A is15.
5)standard normal loss 10 % of total output.
6)material cost variance total 650 adverse.
7)material yield variance total 135 adverse.
8)actual output 90 kg.
find material price variance (total),material mix variance (total),material usage variance(total),actual input of A & actual price per kg. of B.