please pay attention for this matter

how can i adjust my sundry creditors on balance sheet in addition an huge amount of fictitious creditors in balance sheet from past 4 years. i adjust some cash payment and bill purchasing from other parties. pls advice me ,

Dear Sir,

I am holding share of R com 500 nos. cost of Rs. 250000.00 Now suppose i receive bonus shares of 5:1 what will be the accouting treatment of bonus shares. Can I Show it as capital introduced and respective increase in the value of investment. Please Explain

Regards and Thanks

In balance sheet, how plot of land is valued??
at cost - Depreciation or
Cost or NRV whichever is lower..????

Does fixed assets, cash, stock & investments show credit balances???

In what circumstances???

Please provide your opinion on the following matter with documents:

Query: If a sales return has come after closure of books, What will be
the treatment of this sales return under:
(a) Accounts (Companies Act)
(b) Sales Tax (UP VAT) and
(c) Income Tax

What is deep discount bonds???
and what is the accounting treatment for issue of these bonds???

Is interest is paid on these bonds???

In accountancy we write "Debit" on left hand side and credit on right hand side....
But in Indian accounting "Jama" (Credit) is on left hand side and "Naave" (Debit) is on right hand side.

Why this difference is there??

Is it only a way of presentation or anything else???

Even if Debit is on left hand side and Credit is on Right hand side in ledger, then why liabilities are shown on left hand side and assets are shown on right hand side in the balance sheet???

Answer my query?

Why Debit is called Debit and Credit is called Credit???

Can anyone answer my query????

one public ltd company having turnover only 3.45 lac..


so AS-3 apply or not???

this company fall under LEVEL -I as per applicability of AS-3???

REPLY