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?

we are developers. on our one site, making temporary tent for labour on this tent make with bamboo+steel sheet. so my query is this expenses comes under which head in P&L a/c

can any one help me in providing the entries regarding purchase of share /sales of share.

how to record entries relating to intraday transaction.

how to maintain stock..

under what head the following ledgers should be created.

Brokerage account
Service tax
STT
exchange levies
speculation transaction

IN A PARNERSHIP FIRM HOW IS THE INTEREST ON DRAWING "RATE" CALCULATED .AND PLEASE SAY ME SIR /MADAM HOW TO SEE THIS ANSWER , I M GIVING MY ID-"mundhraankur@gmail.com"

Hiiiiiiii

what will be the accounting of exchange difference arising on loan taken in foreign currency for purchase of an assets.
Diff. arising due to revaluation of foreign borrowing will be capitalised with assets or expensed in profit or loss account.

Dear members,

I have a partnership firm. We have given contract for Security Guards to a private Agency. My query is that in which head I can book the payment made as salary to the security guards. Can I book it in Salary Account?

Sir, can you please help me to solve the given problems?
1.a factory where standard costing is followed, 4600kg of materials at rs.10.5/kg were actually consumed resulting in a price variance of rs.4800(A) and usage variance of rs.4000(F). the standard cost of actual production is_____(100,000;96000;120000)ans given is 100,000.

2.capacity usage ratio of a production dept is 90% activity ratio is 99% what is the efficiency ratio?(120, 110, 90)ans=110 how sir?

3.output of 3 different products are 20000kg, 15000kg, 15000kg.costs are in proportion of 4:6:7.cost per equivalent unit is?(10, 7, 5)ans=5 please help me Sir.

IF WE MADE PROVISION FOR BAD DEBTS THEN IT WOULD REDUCE THE BALANCE OF DEBTORS AND WOULD GET DEBITED IN P&L A/C.BUT IF IN THE NEXT YEAR BAD DEBTS DOES NOT APPEAR OR APPEARS LESS THAN THE PROVISION THAT WE CREATED ON DEBTORS AND MONEY GOT COLLECTED FROM DEBTORS , THEN WHAT WOULD BE THE TREATEMENT OF THIS EXCESS COLLECTION FROM DEBTORS AS THEY ALREADY GET REDUCED IN THE B/S.

IF WE MADE PROVISION FOR BAD DEBTS THEN IT WOULD REDUCE THE BALANCE OF DEBTORS AND WOULD GET DEBITED IN P&L A/C.BUT IF IN THE NEXT YEAR BAD DEBTS DOES NOT APPEAR OR APPEARS LESS THAN THE PROVISION THAT WE CREATED ON DEBTORS AND MONEY GOT COLLECTED FROM DEBTORS , THEN WHAT WOULD BE THE TREATEMENT OF THIS EXCESS COLLECTION FROM DEBTORS AS THEY ALREADY GET REDUCED IN THE B/S.

there are some following questions are given below:

1 why to g/w is revalued in retirement of partner.

2. sir, please clerify pre-invest and post-invest.

3. what is market protofolio.

please explain as such possible

rajesh/kuldeep
thanks