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

1) on 22 dec cheque totalling6500 were sent to bank for collecton
out of which a cheque for1500 was wrongly recorded on d credit side of
cash book and cheue amounting toRs 3300 could not be colected by d
bank.

2) a cheque for4000 sent 2 creditor but not presented by him.

3) bank had debited2000 towards interest on OD and600 for bank charges.

4) credit side of d bank column of d cash book was undercast by100

5)a cheque for2000 drawn for office expense were not encashed.

6) a cheque for1000 issued to creditor and was omitted to be
enterd in d cash book. it was however presented to bank.

7) divident colected by bank500 not ented in cash book

On revaluation of a fixed asset, revaluation reserve is created. AS-10 states that on disposal of this asset at a profit, difference between the net proceeds and net book value is transferred to P&L and the balance in the Revaluation reserve to General reserve.
Does the profit refer to difference between the revalued amount and the sale proceeds or the original amount(prior to revaluation). If you could kindly explain the accounting treatment alongwith an example and accounting entries for both profit and loss on disposal of the revalued fixed asset

Our company sends goods to client's on rental basis. Rental period may vary from one month to more than one year. On completion of rental period, client returns goods to us. Whether material sent out on rental basis should form part of our closing stock at the year end?

sir
how to treat the goodwill obtained
from the vendor company in the calculation of net assets vale

Some comapny wants Accounts Reconciliation ( it is not Bank Reconciliation ). i think ledger account reconcilaition. What is that ? How it will be reconcile? please tell me any one?

WHAT IS AN AS-7 FACTOR

WHY THE AS-7 FACTOR BECOMES NEGATIVE

i have made expenditure for creation of brand under which our products are sold in the market.

My question is where to show such expenditure in balance sheet / P&L i.e. full treatment of such expenditure.

Whether it can be shown as Intangible assets under fixed assets or can it be shown as misc. exps. as deferred revenue exps.??

"s" ltd balance sheet as on 31.12.2003
liabilities
160000 equity shares of
Rs. 10 each Rs. 160000/-

"H" ltd balance sheet as on 31.12.03
assets
investments
8000 shares in "s" Ltd
at cost Rs. 260000/-

Adjustment:
on 02/01/2003 "s" issued 1bonus shares for every 1 shares held.