ONE OF OUR CLIENTS CAPITAL IN PARTNERSHI FIRM(CL. BAL ON 31/03/10) IS 240000/-

INVESTMENT IN HIS PERSONAL BAL. SHEET IS ALSO 240000/-.

HE WANTS TO CLOSE THE PARTNERSHIP FIRM THEN WHAT WILL BE ENTRY IN THE BOA OF THE PARTNER.

URGENTLY WAITING FOR REPLY.

My Client being an Individual engaged in admission consultancy services.

He has taken office on Rent.Subsequently he incurred certain expenses in relation to Furniture & Fixtures,Water Cooler machine and Electrical Fittings of Rs.32206/-,3300/- and 8217/-respectively.

Query is whether the same can be capitilised in books & charge Depreciation thereon or not.

Hi,

What are all accounts and files maintaining in Manufacturing company

How to account for the purchase and sales / redemption of mutual funds units.

Further while calculating net profit, do we have account in FIFO basis or average method.

DEAR ALL

PLS. HELP DIFFERENCE BETWEEN DUE AND ACCURED.

THANKS

K A K

(i)In case of Private Limited Company a Margin kept in the form of FDR/TDR by Banks against issue of LC/BG(i.e.Non- fund based facility)is to be where shown in schudeles forming part of B/S as per schdule VI requirements as per Companies Act.
(ii) Interest accured/ receivable on FDR with Banks.

My view is both has to be shown under Bank Balances as certain CA's are showing under Loans & Advances schedule while finalising Audited Accounts.

Please comments in this regard.

hi,,,,

In case there is loss of stock and compensation received from the insurance co.is less than the value of stock destroyed what is the accounting treatment for the same (no stock register is maintained in this case)

could someone clarify me whether ifrs will be applicable for pcc may 2011 examination or will Indian AS prevail for this examination

Our company is registered limited company. and we are reimbursing the driver salary of Rs.6000/- to our GM. whether it is to be added to his salary income for TDS deduction or can take exemption. Car is provided by company.

01. A, B and C are co-venturer, The relative Profit sharing ratio between A and B is 3:2 and between B and C is also 3:2. Find out the PSR between A, Ba and C.
Ans : 9:6:4
HOw to calculate PSR?

please reply

regards

Girish