An asset was purchased for rs. 100000 on which depreciation was provided at the rate of 15% on Straight line method. The Written down value of the asset at the end of 2 year is_________????
I got the answer 72250.But my teacher told the answer as 70000.What is the real answer?

Dear Expert,

Please tell me how u confirm (100% correct) that every expenses are done and every provision are made after preparation of P& L A/c. the above question was asked by an interviewer

I am bit confused regarding valuation of closing work in progress and Closing stock in case of construction business. ( flats ) Plz give a hint on this. thanks

Sir

Are the revised schedule VI of Companies Act and XBRL filing both same concept ?

If Yes then can anyone provide me little guidance on these issues ?.

Little Urgent


Thanks with regards

gud mrng dear experts.why closing stock ac wil nt come in trail balance.is there any ac called oPening stock and closing stock ac in reality.if it is there,then what is d entry for closing stock and its corrosponding entry in closing stock ac

suppose i have imported goods on 1st may 2011 worth usd 25000.
now on that date my bank gives me an import loan.
the rate of interest is 10% and loan period is 6 months.

if i am following accrual basis of accounting, then when will i record the outstanding interest entry? & what will be the entries???

Sir,
How there shown, If profit.
How there shown, if loss .


Same query in personal balance sheet & companies balance sheet.

sir,
ours is private ltd. co. & in moa share capital is rs. 1 lac. its regd. on 11/9/2010. & 2 directors are there & cash brought in by them is there
what entry should i pass
urgent

HI PEOPLE,

I am facing problems while studying pcc. I am a below average student can't understand things easily and i have chosen not to go for tutions for pcc, but some of my friends say some concepts cant be cleared without tutions, so can some one tell me which one of these books should be chosen for self study for accounts in pcc in punjab which can clear all my concepts without leaving doubts, please tell me if there is any other book also better than those mentioned below:

1. Dr. PC Tulsian
2. Praveen Sharma
3. BM Aggarwal
4. Shukla & Aggarwal
5. RL Gupta
6. MP VijayKumar
7. Hanif & Mukherjee
8. Padhukas

what r the tangeble assets & intangeble assets plz tell me in brief