Hi

What is the primary difference between GL and sub GL. How are same identified in ERP environment.

Is there any material i can read for an indepth understanding

Thanks and Regards

I am having Pvt. Ltd. Manufacturing company and constructed building and purchased machinery and other expenses incurred during 2010-11 but no commercial production only trial production. During 2011-12 only I started commercial production and sales invoice made. 1. I want to know whether I can prepare profit and loss account for 2010-11 which is loss. 2. Whether Depreciation can be calculated for 2010-11. 3. The trial production material can be taken as closing stock for 2010-11 in case if we prepare profit and loss.

Dear All,

Please help me out in knowing whether both SLM and WDV method for different units under the same company can be followed. Suppose for Furniture and Fixure it is using WDV for one unit and SLM for the other(under the Companies Act).

1. What is the limit for a Partner to introduce Capital in Cash?

2. Can a partner introduce his fixed Assets like laptop, vehicle, mobile etc. as a capital of firm. if yes then what proofs are necessary.

Thanks'

Dear All expert,
i want to know about goodwill and its nature and entry in company..................


Thanks in advance.........

what is the scope of "assets " in AS 7. will it include movable and immovable assets (both)? is this standard applicable for construction of things like computer, furnitures etc??



anticipating quick reply by our experts

1.for export bill accounting which date of exchange rate should be consider B/L , Exchange control, or if any

2.if we received advance 30% and balance is receivable the how to record the transaction

3. if we received all advance and later we shipped then which rate should be consider

i have one doubt vat & service tax possible one item

which is the best book to get complete knowledge about Accounting standards....
I want complete knowledge with enough examples to understand it...
Please do reply....

Sir what is the reason for the fact that in case of dissolution of a firm,the firm cannot show goodwill in the ordinary course of business but is only shown at the time of sale of such business