Hello all experts
I am an accountant in a pvt co. There is one case of vehicle purchase and I have confusion. Kindly help me to solve the querry. My query is:
The Director of the company has purchased a car on loan from Bank in his own name alongwith the Company as a co-Borrower.The repayment of loan is through Company's account. What will be the entry in case of company's boks ? whether Car comes in the Company's books or in the Director's books? Kindly reply I am waiting It is Urgent.
Thanks
regards
sanjay

suppose on 31st march10 there are some exepeses pertaining to current year. but we donot know the exact amount & therefore expenses not booked.

in the month of april bill was received for Rs.5000 for period(09-10).

As per AS-4, prior period items are those items which arise in the current year due to error/ommission in the previous year.

Is the expense of Rs.5000 a prior period expenses??

plz tell me any important side of tally .i want to know anything about tally & its entry.
plz reply

raj

Respected All,

My query is:
AS PER AS-14,IN THE AMALGAMATION IN THE NATURE OF MERGER, THE DIFF BETWEEN THE AMOUNT OF SHARE CAPITAL ISSUED AND THE AMOUNT OF SHARE CAPITAL OF THE TRANSFEROR COMPANY SHOULD BE ADJUSTED IN RESERVES.
In which reserve, capital reserve, general reserve , amalgamation reserve or any other reserve.

if shares r surrendered by shareholders when the com. is continuesly incurring losses..............& part of surrendered shares r issued to discharege a outside liabilities..........how will it be treated?

Mr. X want to pay Rs. 20000 on behalf of Mr. A to Mr. C.
Mr. X passed the following entry in his books of Accounts:-

Mr. A 200000
(grouped under s. debtors)
To Mr. C 20000
(grouped under s.creditors)
(payment to be made to Mr. C on behalf of Mr. A)



Whether the above JV is correct?

sir plz mujhe tally or koi tax se relative koi side batao jisko main pad ke main daily update ho saku.plz reply so soon

Plz book in prior period expenses account.

PLZ TELL ME THE MEANS OF THESE LINES. WHAT IS THE GROUP OF THESE LEDGER .
WHAT WILL THE ENTRY
PLZ SIR ITS URGENT .

RESPECTED ALL,

I WANT TO KNOW AS BELOW

WE ARE TRANSFERRED OUR GOODS TO OUR OTHER BRANCHES AT VARIOUS STATES @ COST PLUS SOME MARGINS AGAINST FORM `F` I HAVE TWO QUESTION REGARDING THIS AS BELOW

1. AT THE END OF THE YEAR WHAT IS THE TREATMENT OR JOURNAL ENTRY OF CLOSING STOCK IS HELD AT BRANCH IN WHICH THE PROFIT WAS INCLUDED.

2. SOME STOCK IS ALSO TRANSFERRED AT THE 30TH MARCH WHICH IS IN TRANSIT IT HAS ALSO CONTAINING THE PROFIT MARGIN SO WHAT IS THE JOURNAL ENTRY OF THE SAME AND WHAT IS THE TREATMENT OF PROFIT INCLUDING IN THE STOCK IN THE TRANSIT

Dear Members,
In case of before commencement of commercial production if any land was sold what is the treatment