Help me the follwing journal enteries.error detected after preparation of final accounts.
(A) Purchase of goods for sales Rs. 25,000 wrongly debited to funiture account.
(B)goods drown by proprietor Rs.5000 not recorded.
(c)credit purchase Rs.5000 wrongly recorded as credit sale provision for bad & boubtful debts @3%
(D)rceived goods from Ms.Z(consignor)for Rs.15,000 inculuded in purchase.those goods were sold for Rs.25000 wrongly inculded in sales.commision receivable @5% not accounted.

hello sirs
i have a big Q. IN AMLGAMETION PLZ. GIVE FEEDBACK IMMEDIETLY
Q. IS- IF AN COMPNY AMALGAMET WITH ANOTHER AND THAT ANOTHER COMPANY HOLD 25% SHARE IN THAT AMLGAMETING CO. AND NO B/S IS GIVEN OF NEW CO. THEN WHAT WE DO OF THAT 25%SHERE IN OLD CO. AND WHAT ACCONTING TREATMENT IN NEW CO. THIS . IS IN IPCC ADVANCE ACCOUNTING BOOK AMALGAMETION CHEPTER Q.-3 PLZ. TELL ME IMMEDIETLY...............................

plz any one help . choose the correct answer
(a)livestock in the case of mixed farming is asset ?
1, fixed 2.current 3. wasting 4.tangible
(b)Corps are valued at price of
1.market 2.cost 3.capitalized value 4.eco.value
(C) Final account of a farmer can be prepared under
1.single entry method 2.Bouble entry method
3.Both 4.none of above

(D) Cash book usually maintained by farmer is ?
1.Petty cash book 2.two column cash book
3.analytical cash book 4.three column cash book
(E)Livestock purchased will figure in
1.balance sheet 2. trading account 3.P/L account 4. current account

DEAR ALL,

WHAT IS MEAN BY MATERIAL ANALYSIS AND HOW TO CALCULATE MATERIAL COST

WITH EXAMPLE

WITH THANKS
K.Arunkumar

Dear Sirs
Can you tell me what is the exact date(i know it is being implemented in phase manner) of implemention of IFRS in india. Again the relevant date to measure the net worth of the company for its implemention.

Pl. forward your views .

With regards

Under normal calculation why don't we add tax savings on depreciation under calculation of Total Cash inflows and outflows??
We use the net cash inflow/outflow to calculate IRR and it include tax shield on interest as outflow.
Why tax shield on depreciation not included????

MUTUAL FUND INVESTMENTS SHOULD BE STATED AT COST OR MARKET PRICE WHICHEVER IS LOWER.
NOW PLEASE TELL ME IF WE HAVE 10 INVESTMENTS BUT IN CASE OF 5 COST PRICE IS LOWER & IN CASE OF ANOTHER 5 INVEST. MARKET PRICE IS LOWER .
NOW PLEASE TELL ME HOW TO PROPERLY DISCLOSE IN NOTES TO A/C.
THE CLIENT IS A PVT. LTD. COMPANY.

I want to know about ERP in various Term....

Hi
Repested Member

Can any one tell me?

I am filing return of construction business of a party in my office.

In profit and loss account they disclosed 1 crore exp. in constrution site during the previous year.

And none income is recognised and such 1 crore exp. is net loss.

So what to do for recognised income, because according to matching concept this is not right and what method to apply for recognised income.

And construction is still continue.

and alos deposit received agaisnt 20 flat is shown as current liabilities.

And also capital a/c showing negative balance i.e. repayment of capital by bank account.

Thanks in
advance sir/madam

hi... we have agreed to sell a machine to a party in october. we have not yet made the sales invoice. but we intend to taken a token advance from them. how to account for the same????

we made an advance invoice asking for advance money on the 10-07-10. We receive the advance on the 15-07-10. How to account for this???

further if the sales is made by our foreign co and if we collect the advance on their behalf how to account for it???