Sir,
What is difference between Fund,Reserve,Provision?
please give examples
thanking you

Sir,
we have sold goods and raised invoice
and later we have received a bill from the debtor insted of cheque.it is presented into bank.
how to account for the VAT.
i.e on full amount of bill or after deducting bank charges.
please give me the accounting entry
thanking you

Hello sir
What are accounts receivable and payable?
Please explain the process involoved in it.
Please give the accounting entries for that

thanking you

In cash flow statment if we are purchase the fixed asset on installment basis...
in the installment there is a an interest....

my que. is which amount take under the head cash from investing activities..... principle amount or principle amount and interest

Sir
Donations exceeded last year as per section 293 1 e of the companies act.Roc qurried the same . Is there any remedy to over come this issue? Please help.

sir,
Can you please tell me what is the journal entry of service tax passed when the bill is issued to the Service receiver ?

is the following entry is correct at the time of raising bill

Debtors a/c dr
TO Income a/c
TO service tax payable a/c
TO edu cess payable a/c
TO she cess payable a/c

is it correct

Sir,
what points should be kept in mind while reconciling the debtors
please provide me the reasons for difference in the balances

Hello
My query is that whether the AS-11 notification issued in April '09 has been withdrawn or amended ?
if yes , then what is impact of it on co.s who had exercised that option ?

thanks

Dear Sir,
Consider the following example:
H Ltd is holding company of A,B,C & D Ltd.
A & B Ltd having a Goodwill of Rs. 10,000 each in their balance sheet (before holding - Subsidiary Relationship exist)
While preparing a CFS for H Ltd. a capital Reserve Arising out of above four subsidiaries say Rs. 135000/-
Query:
1. Whether Capital Reserve arising on CFS can be netted off against Goodwill in A & B Ltd and Shown as a capital Reserve in CFS of H Ltd as Rs. 115000 (135000-20000)?
2. If yes, whether it amounts to Impairement of Goodwill, since the Goodwill was not arising on Consolidation? Assume it as purchased Goodwill.

Can anyone please help me to solve this:
Xltd is selling TV sets, purchase price of the same is Rs.15000 as per the terms of sales. They are to be delivered and installed at customers place free of cost. X ltd has hired Y co for the purpose and being paid Rs.1000 per set for delivery and installation.At year ended on 31.3.2002, 10 sets were in stock. The market price of TV is Rs 15,750. what is the value of closing stock as per AS2? please help to solve this conceptually.