Anonymous
12 October 2011 at 11:59

Final accounts

could u plz guid what would be the answer for this adjustment

the average mothly sales during the year prior to june & july was one and half that of average monthly sales during the post of these two months ( june & july )

& in balance sheet the amt of sales given is Rs 400000

thanks a lot in advance for the help



Anonymous
12 October 2011 at 11:54

Patnership

P and Q are partners with PSR 1:1

R is admitted as a new partner for 1/4th sare which he fully receives from Q

then what is the new PRS of P Q & R


suresh
12 October 2011 at 11:39

Fixed assets

Capacitor purchased for factory comes under Plant & Machinery or Electrical Equipments. Please clarrify. Also provide the file containing classifcation of Fixed Assets with examples. Thanks in Advance.



Anonymous
12 October 2011 at 11:21

Excisse duty on finished goods

One of my client deduct excise duty on finished good (FY 2009) from closing stock of finished goods (FY 2009) & show an as a opening balance of current year (FY 2010)
Whether this practise is right or what is right accounting


Guest
12 October 2011 at 11:20

As-9

a company has purchased plant and machinery in the year 2006-2007 for Rs. 45 Lakhs. a balance of Rs. 5 Lakh is still payable to the supplier for the same. the supplier waived off the balance amount during the financial year 2009-2010. the company treated it as income and credited to profit and loss account during 2009-2010. whether accounting treatment of the company is correct?


pankaj kumar
12 October 2011 at 01:39

Bills of exchange

silly but gud Question.
i studied dat B/R appeared under heading Loans n advances in d Balance Sheet of a company...........not under current assets. What is d logic behind putting it Loans n advances.



Anonymous
11 October 2011 at 17:44

Meaning of ratio

HI

RESPECTED MEMBBER

I WANT TO KNOW MEANING OF INVENTORY TURNOVER RATIO?

WHAT IS GOOD FOR COMPANY WHETHER IT SHOULD BE HIGH OR LOW?

WHAT IS CONSEQUENCES OF HIGH AND LOW TURNOVER RATIO?

FOR GOOD COMPANY PERFORMANCE WHAT SHOULD BE THERE HIGH OR LOW?



Anonymous
11 October 2011 at 16:22

As 13

what should be the treatment of "share application money" in the books of investor keeping in view AS-13? Shall it be treated as investment or Loans & Advances. pl. support the answer with relevant case law, if any.


Mukund Sarda

Please send me Depreciation chart as per Companies Act & Income Tax act of Computer

Please replay URGENTLY.

Thanks.


Vinit Garg
11 October 2011 at 10:53

Book value of shares

hello experts

Please tell me if i want to calculate book value of equity share of a company and company have preference share holder also who will be redeemed on premium of Rs.450/- over and above face value then i will have to deduct face value plus premium value from assets? i think
book value of all assets - (fictitious assets + all liability + preference share holder value inclusive premium)
am i right?






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