following entry is passed for pur of fixed assets by a pvt. company.

1)office equipment a/c--drRs1000
vat@12.5%-------------drRs125
To Party A/c-----------------Rs1125

2) office Equipment a/c -----drRs30
To Vat@12.%---------------Rs30

plz. let me know whether this entry is correct or not.

plz. someone send me file containing treatment of vat on various fixed assets.

my id abhipcc@rediffmail.com

what is face value of a share?
Is it after adding premium and deducting discount or its just the normal value.

sir how much purchase required for sales in mfg. firm.. what should be the ratio of purchase and sales.
sir,request to all Ca-Club members please assist me with the example.
i am thankfull to all of you.
thanks
virender

Cost of Machinery on 1.4.2008 - Rs. 5 lakhs
Depreciation for 2 years - Rs. 2 lakhs
WDV on 1.4.2010 - Rs. 3 lakhs
Sale of Machinery on 1.4.2010 - Rs. 6 lakhs

Q. What will be the accounting implications as per Accounting Starndards ?
a. whether 3 lakhs will be credited to P&L ?
or
b. 2 lakhs will be credited to P&L and 1 lakh to Capital Reserve ?

What is Absorption Costing?

how will you deal with goodwill when,
1. New partner brings his share of goodwill in cash.
2. New partner does not bring his share of goodwill in cash.

what journal entries are made in the books of the Head office to incorporate the trial balance of an independent branch ?

how to go about investment topic in accountancy

Dear Sir/Madam


A,B and C share the profit losses in the ratio of 3:2:1. D is admitted. He gets 1/6 in Share entirely from A. New Ratio will be


Ans: 1/3:1/3:1/6:1/6



Please tell how to Calculate

Dear Sir/Madam,


A and B are partners sharingb profits in the ratio of 4:1. A surrenders 1/4 share and B surrenders 1/2 of his share in favour of C, a new partner, Sacrificing ratio of A and B will be___



Ans: 2:1


Pease tell how to Calculate