Sir,
While preparing B/S for the year ended 31/3/11 debtor as following posstion

Debtor 200000
Less:- Advance from
Debtor 300000
--------
(-)100000
---------
sir please tell me how should i shown this the B/S

its urgent

good morning dear expert,
i m from uttarakhand i want to no about wct in uttaakhand.
What is the actual concept of WCT? when it is required to be cut? and what are the consequences if not cut by a co.

y is it that in case of dissolution cash balance is transferred to cash account but in absorption it is transferred to realisation account ?

pls clarify me regarding Difference between traveling expense and conveyance expense...

Both expenses same r vary?

On 1.1.05 , x draws a bill on y for Rs. 30,000. At maturity y requests x to draw a fresh bill for 2 months together with 12% p.a. Interest. Noting charges Rs. 100. The amt. Of interest will be??
A.600 B.602 C.500

ans. Is B. Also my question is why r we adding noting charges in calculation of interest??

Dear Expers,

I want to know the method for calculation of FOB value of Exports for audit purpose.

suppose one of our export inv dtd.12.03.11 is for $ 100,000/- @ 45.
we incurred foreign freight Rs.15000/-, & marine insurance Rs.1500/-.

Bill is realised on 15.05.11 ( as credit period was for 60days)

Amt of $ 99,950 realised in our bank @46/-( $ 50 recd short as bank charges)

What will be the FOB value of this inv?

Although it was o/s for the f.y.10-11, do we have to consider its FOB value for Fob calculation of F.y.10-11 for audit purpsoe?

Waiting for ur reply..

Thanks in advance

Regards

Sushil

Hello

I would like to know that if a company is Level 1 company for Accounting Standards then for how many years will it be necessary for the company to follow Accounting Standards for Level 1 if subsequently it has conerted to Level 2

i am paying the staff accomodation rent for the period of 1/7/2011 to 30/6/2012 ie (12 months).

i have made the cheque on 14/9/2011. kindly let me know the entries for the same.

are these correct accounting entries ?

1/7/2011 STAFF ACCOMODATION RENT A/C 4000
TO RENT OUTSTANDING 4000


1/8/2011 STAFF ACCOMODATION RENT A/C 4000
TO RENT OUTSTANDING 4000

1/9/2011 STAFF ACCOMODATION RENT A/C 4000
TO RENT OUTSTANDING 4000

14/9/2011 OUTSTANDING RENT A/C DR. 12000
PREPAID RENT A/C DR 36000
TO BANK 48000

1/10/2011 STAFF ACCO RENT DR. 4000
TO PREPAID RENT 4000


SAME ENTRIES IN DATES 1ST NOV, DEC, JAN, FEB,MARCH, APRIL, MAY & JUNE.


I am just confused whether the rent gets outstanding on 1st day of the month or last day of the month????

hello sir

i am b.com graduate. i m working as an accounts data entry in private concern.
i post all entries but didnt know how to finalise the accounts. balavinayagam17@gmail.com

Can somebody tell us how to download latest balance sheet of indian companies with out paying any fees?