If a business purchases mobile phones & sim card for use in its business, what is the accounting treatment for that? IS it treated as fixed assets

A opening balance of plant and machinery shows Rs 1000000.00 A debit note of plant and machinery is received for inferior quality of goods in december Rs. 100000.00, advice me about the calculation of depreciation in this case. Full year depreciation is deducted or half year? tell me the treatment?

Customer India----raises ---Purchase Order in US$ to ABC India-(Ship to address in Malasiya/ Singapore/ Hongkong).

ABC India---raises ---Purchase Order in US$ to Vendor India-(Ship to address on customer address in Malasiya/ Singapore/ Hongkong).

Vendor India---raises ---Sales Order in US$ to ABC India-(Ship to address on customer address in Malasiya/ Singapore/ Hongkong).

ABC India---raises ---Sales Invoice in US$ to Customer India-(Ship to address on customer address in Malasiya/ Singapore/ Hongkong).

In above transaction possible in US$ will this be termed as High Seas Sales even if it is not transacted in Indian Ocean?
Please confirm the possibility.

Thanks & Regards,
Manish

can u please tell me what is accounting treatment for filling fess for TDS return paid nsdl tan fc Center

Is there any accounting Standard or guidance note on what all payment can be treated as pure expenses of the AOP ,& what all will be part of the utilization of funds collected for any particular form.Like in case of a RWA they have collected X amount as maintenance fund but general expenses like Audit fee ,conveyance charges will be purely expenses or part of utilization of fund(this question i want to ask is respect to income tax also as what all can be taken as expneses & deduction can be claimed from income from misc.sources)

we have two Pvt. Ltd Company named X, Y.
X sold share to Z (third party) after submission of Form 2, then Y purchase share from Z by paying cheque.

My problem is what is the entry to be made in the books of Y for this share purchase from Z ?

Is there any entry to be made in the books of X ?

please help by answering.

We are a Pvt Ltd co.

One of our senior employee has purchased a UPS with battery for official purpose about one month back.

Now he has submitted the bill for the same for reimbursement.

he problem is, the bill is made in his personal name & address.

Can you advise, what is the correct remedy in this case so that no law gets violated ?

Thanks

Hi
Respected Members

Can any one Solve my following problem?

1. 1st year inventory turnover ratio is 12%
2. 2nd year inventory turnover ratio is 13%
3. 3rd year inventory turnover ratio is 11%

Can any one solve my problem like what above ratio want to say year wise?

OR

Whether inventory ratio should be high or low year wise for good business carried on?

Dear Experts
IF WE HAVE PAID CASH FOR TRAIN TICKETS FOR BUISNESS TOUR TWO DAYS BEFORE THE JOURNY, WHEN SHOULD WE MAKE THE ENTRY AND WHAT TO DO WITH THE OTHER EXPENSES WICH OCCURES DURING JOURNEY LIKE TAXI FARE AND MEALS. CAN WE DEBIT THE TOUR AND TRAVEL EXP FOR SUCH EXPENSES HAVING NO DOCUMENT ?

TDS on commision paid or payable to foriegn agent for the year 2009-2010 and 2010-2011 upto 9.9% of invoive amount.