sir/madam i have one doubt.will you tell me types of accounts?i have heared some accounts.i will furnish all those accounts.
Personal a/c:
peronal account has also another three parts
a) natural personal a/c

b) Artificial a/c

c)Representive a/c
please give your explination for above accounts. will you give very very clear.please sir/madam

Dear Sir/ Mam,
What is the entry to be made for Bank Balance which was treated as loan (Current Liabilities) in previous year balance sheet?
Thanks & Regards
Don bosco

My Question is when to account for the foreign exchange gain or loss?. Is it on Purchase/Sales Entry or Payment/Receipt Entry or both?

Q.1 A person purchased a farm house. the purchase price inclueds:

Purchase cost of Land : 10 Lac
Mango tree standing on such land 2 Lac
--------
total purchase price 12 lac
--------

what amount should he shown in Balance sheet as cost of land, whether 10 lac or 12 lac.

what will be accounting treatement of income if he sold mango from such mango tree for rs. 3 lac in market.

kindly advise

What is the need of showing sundry creditors amount from micro enterprises and small enterprises separately from others as per Schedule VI.


Thanks in advance

if i hve:-
opening stock Rs. 1300000/-
+ purchase Rs. 2300000/-
Total Rs. 3600000/-
Sale Rs. 2800000/-
Closing Stock shown Rs. 800000/-

But I don't have any physical closing stock as it destroyed & no insurance claim is taken..
is there any way so that i can show NIL closing stock??
as if i show loss of Rs. 800000/- then
case will go to Scrutiny..

Dear Sir,
One of our customer has opened Inland LC. Now we have to discount that LC in bank what is the procedure.whether we can give original invoice or proforma invoice. the material is yet to despatch.

Regards
Panduranga

Dear Experts,
Our company received Form 16A from voltas Ltd towards TDS on commission under Sec 194H
for F.Y 2010-11 but we did not receive the commission cheque so i had taken only TDS amount in books of accounts now my doubt is whether my treatment is correct or i have to take commission also into books of accounts if so plz help me with necessary journal entries
Thanks in advance

My Client a Private Ltd Company have Two Directors & Shareholder Like A & B.
They make a agreement with same company to sold their individual Land to public in installments & Pay to company.
My question is what is the best accounting treatment of above transcation.

Pls give the detail of form-32 why we are use this form?