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.

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

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?

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.

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?

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.

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

Please replay URGENTLY.

Thanks.

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?

if donations recd for meeting revenue expenses are credited to i and e ac and for meeting capital expenses fund accing is used,,the y if money recd for distribution of prizes being revenue in nature is shown as a prize fund

when should fund accounting be used in npo ? ? is it an exception to the fact that donations for revenue purpose should be credited to i and e ?