Please suggest me for accounts of IPCC GROUP I&II , which writter's book is best for self study?

My basic concept is not clear.

Hello All Members,

Facts:
A company is selling a product to its clients with a option to recover the same in 36 installments. The agreement in this regard carries a clause that 'ownership of the goods would be transferred after the last installment'.

Issue:
When can the company recognise its sale?

Respected sir,

Why loss is shown in asssets side.

A company has not started its operating activities but has incurred some expenditure for fixed assets such as computers, printers, etc. whether this will be shown under fixed assets or capital work-in-progress and if under fixed assets whether depreciation under companies act to be claimed.

Under which head Advance Tax will be classified?
and if it is disclosed under loans and advances why should we do so?
give reasons for clasification..

can a firm claim depriciation on rented depriciable asset?
note: in branch accounting(independent branches), claim depriciation on assets whose accounts are maintained by head office.
kindly reply.

If by mistake wrong balance of bank is been entered in Balance sheet of last year, How can we resolve that mistake in current year?
For Eg. If Bank Statement shows 10000 overdraft balance and we showed 10000 positive balance by mistake in balance sheet.What will be the treatment?

Can any one suggest the accounting treatment of borewell and drilling expense in case of service rendering company?

Is this forming part of building cost or plant cost, both for the purpose of accounting and Income tax?

adjustment

1)The creditors outstanding for library books amounted to Rs. 30000 at the end of the financial year 2009–10.

solve adjustment.

thanks.

suppose i am managing limited company' book of accounts. if my company has sold the goods of rs. 1,00,000 and it has received rs. 75000/- by cheque.

so can we now take rest rs. 25000/- in cash from our sundry debtors yes or not as per income tax rule.

yes or not give me reason for it.