Sir,

I deposited Rs. 6000/- in our SBI CC A/c.
what entry should I pass.

I passed in Tally as Contra
In the Account coloumn taken Cash
In the particulars coloumn taken SBI CC a/c.

Is it correct.
We are not entering for cash & bank entries in tally.
Debit
Credit.
In the particulars coloumn entred SBI CC only.

the following information is available for a week.

400 kg of raw materials were actually used in producing product 'exe'. The purchase cost thereof being Rs.24800. The standard price per kg of raw materials is Rs.60. The expected output is 12 units of product 'exe' from each kg of raw material. Raw material price variance and usage variance as computed by cost accountant are Rs.800(adverse) & 600(adverse) respectively.

calculate & explain with logic budgeted output & actual output ??

Thanks in advance
waiting for your reply.

Pls tell me that what is the mean of AMC in accounting terms
A interviewer ask me that tell me the journal entry of AMC while I cant understand the means of AMC

Is Bank Account a real account or personal account?

Question
Ms Janie, a client who has traded as a hardware merchant for the last five years, has told you that she finds difficulty in understanding the draft profit and loss account for the year ended 31 December 2010 which has been prepared by your assistant. Ms Janie’s main concern is that, although the accounts show a profit, the bank overdraft at 31 December 2010 was significantly higher than it was a year earlier.
Required:
Write a report, indicating your response and opinion to Ms Janie

Question
Ms Janie, a client who has traded as a hardware merchant for the last five years, has told you that she finds difficulty in understanding the draft profit and loss account for the year ended 31 December 2010 which has been prepared by your assistant. Ms Janie’s main concern is that, although the accounts show a profit, the bank overdraft at 31 December 2010 was significantly higher than it was a year earlier.
Required:
Write a report, indicating your response and opinion to Ms Janie

Can anybody will share note on accounting treatment for ESOP administered through the trust route.

Thanks in advance.

I would like to know that whether AS s are applicable for IPCC & Final Exams or IFRS?

What do you mean by TRADE OR NON-TRADE INVESTMENT? Explain Briefly

Dear Sir,
We have purchased land and building for Rs.120lakhs in that land costing Rs.100lakhs and building Rs.20lakh, my question is how to calculate depreciation. whether we have to include land cost in calculation of depreciation.

Regards
Panduranga