what is the treatment of capital expenditure while it is accounting and how it should be dealt over a number of years in profit and loss account?
As per accounting Standard which expenses is to be capitalized or charged off to profit & loss account? Whether it is depend on capacity of that machine, or on that changed part or Life of machine or life of that part.
I have sold some computers worth 80000/- to a party in 2006. He is not paying that amount. balance is standing my books. Now I don't expect the recovery of that amount. So this will be my expenses or what. How can i adjust that account.
Iam m.b.a student.iwanted to get get my knowledge updated for my further growth any books or website for accounts & finance
please help
The Going concern concepts is the underlying basis for:
1. Stating fixed assets at their historical cost
2. Disclosing the marlet value of securities.
3. Disclosing the sales and other operating information in the income statemetn.
4. None of the above
which is true
How shuold the invoked Bank Guarantee accepted by the Bank but not paid to the beneficiary on the date of Balance sheet be reflected in the Balance Sheet of a Bank.
Sir i required a salary certificate format because in my company their many employees whose TDS were not deducted reason because of their investment and these employee asking a loan from the bank and bank said to give the salary certificate. please provide me salary certificate format
Sir Please Tell Me What Is The Vat Adjustment Entry In Tally. When Sale Tax(Output Vat Including C.S.T) Less Than From Purchase (Input Vat).Ex.Output Tax 1000 (Including C.S.T)& Purchase 1500 Than What Is Entry In Tally. Please Sir Its Urgent.
Vat Adjustment A/c Dr.500
Output vat A/c Dr. 1000
To Vat Input 1500
Is This Entry Is Correct.If Wrong What Is The Correct Entry. Plz Sir Reply Soon.
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