Dear Sir,

i compare trail balance closing bal.31-03-11 and 1-4-11 opening bal. match.

i have doubt what item will come April opening bal.
direct and indirect expenses bal. is come under Profit and Loss account.

what item we transfer into new year opening trail balance.

Thanks

sir/maam could u plzz tell meanswer for this

on retirement of a partner, a machinery having the book value Rs 120000 is appriciated by 10 % then what would be its entry

thanks in advance

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

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

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.