I want to know that on what basis prepaid insurance is to be allocated. on the day basis or months basis.

If an insurance policy was taken for Rs.1 Lac on 18 may of the F.Y. for the period of 1 year. it means for the 1 month month 17 day will fall in the next year. so how to calculate the prepaid insurance amount.

What is the rule & procedure for write off of any expenses from P & L / Balance sheet

Expert,
If 10 DVD writers are bought for 3500 each such that vendor issues one bill for 35000 then should this be capitalised or 100% depreciated as unit cost is 3500 < 5000.

thanks
kirti.

What can be specific Accounting(IGAAP) and indirect taxation requirement of a Builder?

Dear Expert,
Can you pls list the asstes that come each of the categories below (as in Sch of FA):
1. Plant & Machinery
2. Electrical installations
3. Equipments
4. Furniture & fixtures
5. Vehicles (shld the vehicle be in the name of the company?)
6. Can software be included in Technical knowhow fees?

thanks
kirti

Why we add back release of working capital at the end of useful life of an asset to CFAT?? Why we add that inspite of the fact that at the end only salvage value is realised in cash?

Sir,

if "A" withdraw money of Rs. 300,000 from company account and he (A) deposited into another mean to say saving account of his account (Rs. 100,000) and Rs.41000 to other bank saving

then please tell which entry should i pass in tally

Q. A machinery have a residual value of Rs. 5000 was purchased of 1.1.2006 and was depreciated @9.5% on Straight line method. for Rs.100000 On 1.1.1999, it was estimated that its useful life has been reduced to eight year. under the change circumstances, the annual depreciation charges for the year 1999 and onwards will be

Ans : 13300.

How to calculate

My ans is 9500 or 11875.

please give correct ans

Q. A machinery have a residual value of Rs. 5000 was purchased of 1.1.2006 and was depreciated @9.5% on Straight line method. On 1.1.1999, for Rs.100000 it was estimated that its useful life has been reduced to eight year. under the change circumstances, the annual depreciation charges for the year 1999 and onwards will be

Ans : 13300.

How to calculate

My ans is 9500 or 11875.

please give correct ans

IS THERE ANY EXCEL FILE WHERE I CAN GET REPORT AS PER MY PRODUCT LIST SIZE WISE AND SAME FEED SALE AND PURCHASE SIZE WISE


THANKS

SAMPLE OF REPORT
PROUCT NAME SIZE
50ML 100ML 150 ML
DETOL 10 20 30