Can owner of Public Ltd co withdraw the amount from business for personal use? If yes, What is the treatment of drawing made by the owner of the Public Limited Co, in the books of account?

suppose company accountant give cash to his peon for buying stationery and postage exps. now there is no bill for supporting cash voucher. so peon can sign the cash payment voucher for this exps as a money reciever. in auditing ca can raise the query for this issue i.e. peon is not reciver of money then why has he signed the cash voucher as money reciever

Can you please explain the following sentence in relation to AS 16 - Borrowing Cost:

> This standard does not deal with the actual or imputed cost of owners' equity, inclding preference share capital not classified as a liability.

Dear Sir,

we are ordered the material to the party Qty:20 Rate:900/- Value:18000/-

but bill is: Qty:20, Rate:1050/- Value:21000/- Diff Amt:3000/-, 150/Per Peace

as per accounting ruls how much% to accepted for debit note, on qty, rate, value

send the answe
mail:agmit@venkatramapoultries.com
P.Ramu
8008699779

1.Net-Sales=Rs 36000,his gross profit is 60% of sales and net profit is 40% of sales,his expenses are
1)14,200
2)8,800
3)14200
4)none

2.As per trial balance as on 31st march,1996
10%loan credit-36000 Interest on loan Debit-1850 interest on loan is charged for the full year having regards to the facts that 2,000 paid back on June 30th and Rs 2,000 on 30 sep wht is the total amount of interest to be debited to Profit and Loss Account?
1)3000
2)2000
3)3000
4)none

plz help me to get this solution as soon as possible

Dear Sir,

I am working in Partnership Firm, and I have completed 5 Years of service in this company.
i would like to know that am i eligible for gratuity. if yes how i have to calculate the gratuity amount. is there any labor law relates to gratuity.

Thanks & Regards
Shijo

Hi,

When a person enters into the lease agreement, he is supposed to pay the rent amount in advance. This can be as a lumpsum amount for the lease period together or split into instalments.
How do we treat this amount in the book of accounts.

In this case, the lease is towards land and so AS 19 is not applicable.

what should be entries for interest paid

if i want to purchase fixed assets by taking loan from bank, can you please furnish me journal entries from purchase to payment and their effect in b/s?

Is charging of depreciation mandatory under the comanies act and income tax act on the assets used in a project yet to commence commercial production ?