We had a AC whose WDV as on 30.04.2010 was 10000 and in exchange for the old one we purchased a new ac for 18000 and we made the dealer payment of Rs 8000. Please explain how will be the entry passed.

Thanks

Hi
Next week i will join in a new bread and cake distribution company. The company make products their own factory and distribute their own depot located in different places. I will join one of the depot. My doubt is how to enter into Tally purchase of goods and inventory and input Tax. But it is not a purchase. Please tell me any one with journal Entry also. Thanks in advance.

A company construct temple in campus. what is the accounting for the same. whether it will treated as Fixed asset or Revenue expenditure

If it treated as fixed assets then it is not cover under the defination of fixed assets. according to AS 10 fixed assets means a assets which is kept in business for providing services of manufacturing activity.

Dear sir,

Please suggest how to do accounting of commodity future and mcx future transactions. like jeera, gold, silver etc.

Dear Experts,

Could you please explain how to account for below mentioned transaction:
A machinery for Rs. 500000/- was purchased and installed on 01-04-2008. Depreciation charged on straight line basis @ 20% for the period April 2008 to March 2011. Out of Rs. 500000/-, only 350000/- was paid as final settlement, since the machinery supplied was not performing as per standards set. Now our auditors asked us to revert back the amount of Rs. 150000/- standing to the credit of vendor account. The ledger account balance as on March 2011 was as follows:
Machinery A/c: 500000
Accumulated depreciation A/c: 300000
Vendor A/c: 150000

Thank you.
- Rahul

Dear Experts
How deduction due to price variation should be accounted ?

Suppose for a product Trisala , we billed @Rs 50/ per pieces where as it's rate as per purchase order was Rs 45/- and we did't noticed the same till we received the payment .They make payment as per purchase order .
So how Rs 5/- (rS 50-45)will be accounted .
Further we are excise manufacturer

Thanks & Regard

Sir,

i want to know the accounting treatment for the EMI paid to bank.

Sir My ques is how can i pass the journal entire in the book of the company for the payment of EMI to bank, sir our company has taken a loan from the SIDBI and company paying emi to them, kindly help me sir.

Thanks

If I have made delivery of goods to buyer on 29th March2011 and Invoice of the same is made on 1st April,2011, in which financial year the said sales Should be recorded?

DEAR ALL
PLEASE TELL ME
THAT HOW MUCH SHOULD BE HRA ON
BASIC AND DA IF HOME TAKE SALARY IS RS.
100000/-( FOR PATNA BIHAR )


AND NEXT ONE Q. IS

WHAT WILL BE TDS RATE OF DIRECTOR
I MEAN HOW MUCH TDS SHOULD BE DEDUCTED OF
DIRECTOR IF HE IS GETTING 100000/MONTH HOME TAKE

ABC Enterprises valued an inventory costing Rs 20000 twice in closing stock.
Before finalising the account , it came to know this error.
What accounting entry will it pass to rectify the error?
and where those entries reflect as far as presentation of Financial Statement is concerned.
i.e in trading A/c , P/L A/C and Balance Sheet.