Is worker's gratuity paid to be accounted as manufacturing expenses or it will be under administrative expenses?

Hy,
I am unable to do entry of Opening Balance in Tally. would U like to tell me how can i do entry of following

1. REserve and surplus.
2. Secured loans.
3. Capital work in progress.
4.

waiting for Ur respons.
Prem.

what is accounting treatment for theft
motor cycle how to present in the profit and loss account and balance sheet

hi all
what is the treatment of provision of doubtful debts shown in adjustments
language is "debtors includes Rs 120000 due for more than 6 months out of which provision has been made for doubtful debts at Rs 20000 during year



my question is
i have seen a solved problem(company final accounts padhuka's book) and in that problem doubtful debts are not subtracted from debtors(shown in adjustment) in balance sheet but are charged in p&l account even though it tallied

Goods sold on HP at cost plus 50%

1- stock with customers at HPP (opening) Rs 162000

2- stock in hand at shop (opening) Rs.324000

3- Instalments overdue(opening) Rs.135000

4- purchases during the year Rs 1080000

5- Goods repossesed(instalment not due Rs. 36000) Rs. 9000

6- stock at shop excluding goods repossesed (closing) RS 360000

7- cash recieved during the year Rs 1035000

8- Instalments overdue(closing) Rs162000



Vendor spent Rs2000 on goods repossesed and then sold it for Rs15000. Calculate Profit/loss on repossession and profit/loss on sale? Kindly show workings also if possible...



Thanks in advance...

Dear members,

Our company had given advance of Rs 150,000/- to a Brick klin for supplying bricks. But unfotunetly Brick klin shut down due to some internal problems. since then our advance has been remaining in our Balance sheet. there is very little chance of recovering it. So what to do with the treatment.
Please share knowledge!
thanks

what is ASI which will be applicable in may 2010 pcc account xam.....

Sir,

Will someone clarify me on the following regarding Tally:

We have split the data in tally from the financial year 1st April,2010 to 31st March,2011.

Is it possible to make or alter entries in the previous financial year i.e.1st April,2009 to 31st March,2010.

Thanks

A Company is yet to appoint statutory auditors for F.Y. 2009-10. As on 31st March 2010, does the Company require to provide for audit fees for F.Y. 2009-10 in its books?
If the Company closes its books on a monthly basis, is it required to provide for audit fees proportionately on a monthly basis?

dear all

my query for you is

how should trial run production be treated if the same is
1 sold
2 unsold (i.e in stock)

Kindly suggest the tax implications of the same too.


Thank You.....Susheel