DEAR ALL,

METHOD OF VALUATION AND TECHNICAL AS PER
AS-2.

VALUATION IN WIP AND FG STATGE

WITH THANKS

K A K

Can some suggest me the areas/topics on which MIS reports are prepared?

Can you forward the format of few MIS reports?

have checked the files section....not much helpful.
pls help!!

kirti

dear sir
please give me the accounting head like
peety cash e.g. Conveyance Exp. Staff Welfare
like all of accounts
peety cash, cash, sales, purchase,
direct or indirect exp or Income. or fixed assets


thanking you.

If an asset is sold at Rs.50lakhs whose cost details r not available since entire recording details relating to fixed assets have been destroyed...Wat will be its treatment???

Why profit & Loss account is called so when there can be only profit or loss and not both

dear sir/ma'am
wanted to ask a query from surrender of shares(internal reconstruction)

situation1
creditors(=72000) claim shall be reduced to 50%, it is to settled by the issue of equity shares of rs10 each out of the shares surrendered(=500000)

situation2
Creditors(=300000) agree to reduce their claim by one-fifth in consideration of getting shares of rs35000 out of the shares surrendered(=270000)
Kindly give entries in both situation..

In the book the 1st entry is creditors a/c dr to cap reconstruction 72000
Whereas 2nd entry is creditors a/c dr to cap reconstruction60000

Here confusion is, in first entry we have credited capital reconstruction a/c with rs72000 i.e total amt but in 2nd situation its only the reduced amount?why so?

What is the diference between cost of goods sod and sales?

Dear sirs,
On which date a purchase bill is to be accounted? Whether on Invoice date or GRN date?
Will the property in goods transfer to the buyer just after the billing of goods or at when the goods reach the buyer's place?

Thank you....

There is a change in method of Depreciation i.e. from Income Tax Act to Companies Act, which may result some deviation either deficiency or surplus.
I want to know that what will be the treatment in P/L Acoount.
Please confirm me whether the depreciation adjustment will be above the line or below the line.

Hi
Respected Memeber

Can Any one tell me that my freind got the one of client who is engaged in construction of commercial and residential complex.

So how they make entry i.e on the basis on AS-7 or Contract costing as chapter in costing. OR any other mode?

and whether disclosed as receipt or sales in direct income?