DEAR SIR,

I AM PASSING JOURNAL ENTRIES FOR SALARIES, ELECTRICITY CHARGES ...ETC. I AM PASSING ENTRY

SALARY A/C-----DR

TO SALARY PAYABLE.


WHEN PAYMENT MADE

SALARY PAYABLE A/C----DR

TO CASH/BANK.

SALARY A/C I GAVE UNDER INDIRECT EXP. SO IN P&L A/C IT IS APPEARING OR BOOKING AS J.V. SO IN P&L J.V'S COME OR NOT?. EXPENDITURE UNDER HEAD OF A/C SALARY PAYABLE.

01/04/10 25000 DTL
31/03/11 30000 DTA

What should be the net impact in P&L
and B.S.

Urgent

In Interview of Healthcare industry this question asked ,

A knife, scissior etc , cost say Rs 80 per piece, wht would be depreciation rate?

Suppose Knife, scissor etc whose cost per piece is Rs 70, yearly purchase upto say 80-90 lacs wht would b the depreciation policy

please provide me detail about 26as form.

What is cash profit?
a) Cash sales less exp
b) Profit from cash flow statement
c) Net profit when added back with depreciation and other non cash exp
d) Net profit when added back with non cash expenses and credit sales

Dear Sir,

sir I an working as accountant from last 4 yrs in trading partnership firm now i want to change but i don't have knowledge of ST,VAT how can i learn. i don't have any friend of to learn thing from them but please suggest any site to study that things from entry level to end please sir suggest me right way i am very worried about my career. even i also want to read all accounting standard and how its work can u please explain me by any of PDF Files or some other things

Depreciations is applicable to all fixed assets except the following:
a) Goodwill
b) Land
c) Machinery
d) Inventory

Inventories are valued on what basis as per Indian accounting standard
a) LIFO
b) FIFO
c) Weighted Average
d) Piece Rate

Payment of income tax comes in which activity of cash flow?
a) Tax activities
b) Operating Activities
c) Outflow Activities
d) Financial Activities

Suppose i received a building as gift..
Do i need to show it in my Balance sheet..
If yes then at what value..