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.

A company shows loss from last few years. now co has constructed building and plan for starting work. during year co has incurred interest exp on term loan and also incurred exp such as filing fees, audit fees, bank charges etc. my question is whether we show 1.interest during construction period as pr operative exp. or not. and also the other exp to be treated as loss

2. to treat all exp as pre operative

co is showing all exp as loss during last few years.

please let me know how to trace the diffirence, in Trial balance debtors & Ageing Debtors in SAP.

how i can prepare cash flow statement pls provide me anyone cash flow file.
My email id is ajaydube2006@rediffmail.com

Y is it that at the time of retirement ,profit or loss on revaluation is not considered for goodwill calculation ?

X Ltd. purchased a machinery from america on june 15 for 1000$. the machine will start to put to use on aug.15. the payment will be due on dec.15. balacne sheet date is sept 30.
foreign exchange rate is
on june 15 $1= rs. 45
on aug 15 $1 = rs. 47
on sept. 30 $1= rs. 49
on dec. 15 $1 = rs. 51
i want to know the accounting entries made in the books of X ltd.
plz suggest the ans.

Dear Sir, Please give solution to me following case. A company gave Rs.100/- as gift voucher to employee and Rs.100/- cash as gift. both are accounted under gift or salary or staffwelfare. which is correct booking. will expect your reply soon.
Any provision regard this under IT Act.


Thanks & Regards
S.Raj

Dear i want know we r what show on Sales Tax in profit & loss a/c Direct Expenses ya Indirect Exp

Please send me the tips for finalization of accounts, including adjustment entries