Which of the following date is relevant for enter Import Purchase in our Account??

1. Date of Purchase Order
2. Date of Bill of Supplier
3. Date of the Goods Reached to the Port/Airport
4. Date of the Payment of Custom Duty
5. Date of the Goods enter in out Godown

Also which days exchange rate is relevant for accounting of Import purchase?

Kindly give reply as early as possible.

Dear Sir,

Our partnership firm, managing partner giving the money to the firm and taking the money ? how to pass the entry for this situtation ?

P N Murali

In income and Expenditure Account have any Recievables and Paybles include OR its just like Profit & Loss A/C. It is for a Hospital accounting

Respected Sir,
i want to know that if any company purchases any assets costing Rs. lessthan 5000 then 100% depreciation will be chareged even allready company is having such assets account in thier books ?

Pls mention the case laws /eny other thing for supporting the answer

Dear Experts,
Can anyone give the diff between trading a/c and memorandum trading a/c and also between b/s and memorandum b/s

Thanksin advance

I have bought one car for Rs. 5,00,000. Every year i am charging depreciation under SLM. One day asset value become zero. But Asset is with me only. How to show the same in the books of account? What is the Journal Entry?

Hello friends

Can any one tell me what is the Difference between IFRS , IND AS and IAS.


My understanding is that IND AS are modified form of IFRS. And has been modified by our Institute. Am I right?

Dear sir,

I have a doubt regarding prior period expenditure. Our company's director gone to a foreign country for marketing our products and we have given an advance to him in the month of march 2010(in first week) and he returned to India in 2nd week of May and submitted the bills in the June and most of the expenditure is related to March. whether our company is required to provide any provision for the advance given to him in 09-10 or we directly book the expenditure in 10-11 as travel expenses or as prior period exp

Please advice


Thank you sir

Sir,our cc limit is 1400000.00.I made a stock statement as=Cl.Stock(807081.00)+ goods in process(920000.00)+ finished goods(30000.00)+ debtors(260000.00)= 2017081.00, Sir please confirm me whether its right or not.And what will be the correct statement(approx).

what is payroll system