Anonymous
04 October 2010 at 18:05

means of these lines

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 .


MANISH KR. SHARMA
04 October 2010 at 15:46

QUESTION ON BRANCH ACCOUNTING

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



Anonymous
03 October 2010 at 16:24

ACCOUNTING TREATMENT

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


CA Mohit kumar agarwal
03 October 2010 at 10:10

For capitalisation of assets

Dear all.
I have a specific query regarding capitalization of assets.I am explaining it through example:
I am constructing my house and for this i have purchased a tractor for Rs 400000/.Construction took place for 3 years and during the period depreciation on tractor comes to say Rs 200000/.
Total cost of Construction comes to Rs 5 lacs excluding the cost of tractor .
In my view ,depreciation charged on tractor i.e. Rs 2 lacs will form the part of cost of house and total cost of house will be Rs 7 lacs (5+2). This will bring the gross value of assets at the end of capitalization is Rs 9 lacs (& of house and 2 of tractor) .
Is it a right way or there will be another way of capitalization of assets. please suggest me.


Garima Sachar
02 October 2010 at 19:03

Bank Reconciliation Statement

Sir,I want to know the easiest way to prepare a BRS if volume of transaction is very huge.


ritu mehta
02 October 2010 at 14:18

Defferred Tax

How To cal. deffered taxes on income



Anonymous
02 October 2010 at 13:27

Govt. Grant

Dear all , i have rec. a grant of 100000 Rs. for a machine. machines total cost is 120000 Rs. subsidy is to be received in 4 installment @25000Rs. each. plz. suggest me accounting entries for all transactions.



Anonymous
02 October 2010 at 00:05

AS22

Dear Experts

Are the following eligible for DTA calculation;
1) Provision for Gratuity
2) Provision for bad debts
3) Sundry balances written off
4) TDS Payable( DUE B4 fILING OF RETURN)
5) ESI, PF , SERVICE TAX PAYABLE( DUE B4 fILING OF RETURN)
6) Current loss.

And hw to deal in the situation in point no 4, 5 & 6 above in the year the tax are paid, and there is pofit?

Plz Reply Asap

Thnx in advance.



Anonymous
01 October 2010 at 23:55

Fooding charges recovered from employees

Dear Experts,
A mfg Co. is providing concessional fooding to its employees. Thus what are the treatment in hands of the co.in the following cases:

1)If the Co is taking Rs10/- from each employee and rest cost of Rs.20/- is paid by the co.to the canteen chef as total cost.

2) if Rs. 20/- is adjusted from the wages of the employees and the co. pays Rs. 30/- to the canteen chef.

Thnx in advance



Anonymous
01 October 2010 at 17:32

Closing Stock

Plz. answer ASAP "-

1)Why Closing Stock is not included in the Trial Balance ?
2)Who can become the Fellow of Chartered Accountants(FCA) & Assossiate of Chartered Accountant(ACA)& what is the diff. in them?






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