Should revaluation reserve on different assets be kept separately or combined?

i mean whether revaluation reserve created on upward revaluation of an asset can be used to write off the loss on downward revaluation of another asset.

Dear Sir


A and B who share profits and losses in the ratio 3:2 has the following balance capital of A Rs.50000; capital of B Rs.30000; Reserve fund Rs.15000. They admit C as a partner who contribute to the firm Rs.25000 for 1/6th shares in partnership. If C is to purchase 1/6th shares in the partnership from the exiting partner A and B in the ratio 3:2 for Rs.25000. find closing capital of C

Ani : 19000

Please How to findClosing capital of C
Regards
Girish

how we can record an undestated expenses belongs to previous year

Dear Sir

My company is not taking credit of service tax payment on any services , can I book the tax as expense.

Eg: Total rent payment Rs 1 Lac(Including ST Rs.10000), is following entry currect

Rent A/c Dr. 100000
To TDS 10000
Party 90000

let Realisable value = 10000/-
Cost of disposal = 2000/-

therefore, NRV = 10000 - 2000 = 8000/-

this NRV is shown as closing stock.

in next year when actual sale is done, how do we account for the cost of disposal in books of acounts..???

Dear sir, where do we take short term investments made during the year in cash flow statement

please inform me the how to calculate the PF & ESI on salary in pvt ltd company.

A COMPANY HAS A FIXED COST OF RS.300000.

ON SALE OF 15000 UNITS WHICH IS EQUAL TO 40% OF MARGIN OF SAFETY, IT EARNED A PROFIT OF RS.60000/-.

CALCULATE THE FOLLOWING
1) BEP IN UNITS
2) TOTAL PRESENT SALES IN UNITS
(BCOM,MUMBAI OCT 2007.)

THANX IN ADVANCE
MY ID abhipcc@rediffmail.com

sir,

Can u tell me the procedure to create self generated goodwill in a business how will it reflect in our financial statements.

Kindly advice me.


Regards

chapter-insurance claim

in given problem total closing stock is rs.170000.
and opening stock included 40000 abnormal item.it EXPECTED abnormal item to be sold
at rs 16000.
in what should value taken to valuation of normal item/stock.
a) rs 130000
b) rs 154000