Branch A :-- Puchase material @12.5% and same transfer to Branch "B"
Branch B :-- further processing the same selling it @ 12.5%

Question :
1) what entry i'll pass in branch "A" for transfer of stock without showing credit effect in purchase.as m claiming input credit in branch "A" on total purchase.
2) what entry i'll pass in branch "B" as no input credit m taking in branch "B" and material received from branch "A"

Note :-- Branch "A" is contractor
Branch "B" is manufacturer

why dose opening stock is mention on trail balance even closing shock is not mention , kinly inform us

what is revenue Expences. give someexample of it

My company has entered into agreement with broadcaster to place there channel on a particluar band for F.Y.2010-11. agreement was made on 4 th aug 2010. now my question is can we issue invoice for placement fees in back dated say on 04.07.10.in agreement it is mentioned that agreement shall be in force form 1.04.2010 to 31.03.2011. pls reply soon.

2. The profits and losses for the last years 2001-2002 lossses Rs10000;2002-03 losses Rs2500;2003-04 profits Rs. 98ooo and 2004-05 profits Rs76000.The average capital employed in the business is Rs200000.The rate of interest expected from capital invested is 12%.The remuneration of partners is estimated to be Rs. 1000 per month .Calculate the value of goodwill on the basis of four years purchase of super profits based on the annuity of the four years.Taking discounting rate as 10%.
3. Amit and anil are partners of a partnership firm sharing profits in the ratio of 5:3 respectively .Atul was entered on the following terms.Atul would pay rs50000 as capital and Rs. 16000 as goodwill for 1/5th share of profits.Machinery would be apppreciated by 10%(book value rs80000) and building would be depreciated by 20%(200000).Unrecored debtors rs1250 would be brought into books now and a creditors amounting to rs2750 died and need not to pay anything to its estate .Find distribution of profit/loss on revalution between amit anil and atul.

is Closing shock an item of Trail Balance, if yes then state it is so
regards

An asset worth Rs.500000/- had been purchased on 2006, but it was

omitted to record in the Books of accounts.

In the year of 2010, the mgt realized the mistake and accounted the

same @ Rs.500000/- without providing depreciation for the PYs.

whether the asset is recorded at the correct value ?

Please advice...

Dear Experts
How to calculate networth of a company?
Is there any set formula. Kindly advise.
Regards
S L Dewan

applicability of ifrs to indian cos

sir
Our company is a newly formed pvt ltd company like to know that , How will be the accounting entries and under which heads of following details.
form-1,18,32 -registration fees-58000/-
printing & drafting MOA & AOA-15000/-
service charge paid for filing everything-10000/-

Paid up capital is-10lakh for now

and how it will be treated for income tax purpose as per deduction u/s 35D