A Private Limited Co. has purchased a dog for security purposes...

Should it be capitalised as a fixed asset?

Should it be debited to Profit & Loss Account as Security Charges?

Should it be treated as Deferred Revenue Expenditure?

Dear all,

Company closes it financial year on 31.12.2010 inventory physical counted on 06.01.2011 and the value of inventory as on 31.12.2010 is 20000 in between 31.12.2010 and 06.01.2011 these transcations occurs.

1.Purchases 800
2.sales(on profit) 14000
3.return 5000

Required

what entries do u pass for these transcations and how much is the inventory value, and how do u calculate profit on sales

Hi what is MIRO in SAP, could anybody explain about this, where we will use this for what purpose we will use this T-code. Please explain with any example

Hi, what are waybills ? why we will use thes way bills?

Hi,
1.C Form and F Form who will issue Buyer or seller.
2.from where we will get this these forms ,what is form No
3.What are the formalities for “C”&”F” Forms
Please Explain Briefly

Hi Experts,
Are we call In SAP Language, employees as Vendors, while we processing Reimbursements (T&E) ? How we will process in SAP, What T-code we will use. Please reply…….., Please Explain briefly from resubmission up to clearing, here which method we have to follow Open item management or Accrual /deferral payment methods.......?

Expecting Ur reply!

I wanted to ask that how fixed assets will come in the Balance sheet since it has to be expensed out in the Profit & loss A/c in the year of purchase under cash basis of accounting?

why capital is the part of balance sheet tell me the full reason not small.

please suggest me how to pass entries in 2010-2011 books in following situation.
BALANCE SHEET SHOWS THE FOLLOWING BALANCES..NOW THERE IS NO NEED TO PAY THE TAX IN EARLIER YEARS..SO i want to close the provision for tax a/c.(NOT CARRYING FORWARD TO NEXT YEAR)

PROVISION FOR TAX 2007-2008 A/C 7000 CR
PROVISION FOR TAX 2008-2009 A/C 15000 CR
PROVISION FOR TAX 2009-20010 A/C 5000 CR
GENERAL RESERVE A/C 45000 CR
PROFIT AND LOSS A/C 67500 CR
BANK 55000 DR
TAX FOR THE YEAR(2010-2011) IS 32000.

Dear Sir,
Which accounting standard covers accounting during construction period. is there a seperate guidence note for accounting during construction period or project period.
Rgds