A is doing Share Trading business.

1. A gives cheque for initial margin to
say Sharekhan.

What is the journal entry ?

2. A buys 10 Shares of IDEA Cellular ?

What is the journal entry ?

3. A sells 10 Shares of IDEA Cellular ?

What is the journal entry ?

4. A gives cheque for the obligation of
10 Shares of IDEA Cellular to Sharekhan.

What is the journal entry ?

5. How do create ledger and under what
account head,'Sharekhan' shall
appear in Tally.

6. How do create ledger and under what
account head, 'Purchase & Sale of IDEA
Cellular Shares' shall appear in Tally.

Await experts' advise / views / suggestions.

Dear Friends

change in methode of valuation of Invetory from FIFO to LIFO is change in accounting Policy or change in accounting estimation.
Kindly clarify

hi sir, mam
m pcc student,
i have already given 2 attempts n everytime scored around 55.....
my major problem is everytime i cud not complete whole of my xam paper,,,
please tel how to attempt my practical papers so that i cud attempt whole 100 marks paper

i just passed CPT exam in dec 09' . now please suggest me how to prepare for ipcc exam in dec 10'

hello every one,

I want to know

Whether the insurance of new purchased car will be capitalized with value of car or not.

In AS 10 on Fixed Assets i do't found any thing regarding it.

Is any guidelines available relating to it?

What wii be the effective date to entered Material received in the Books.
1. Material received at factory gate.
2. Material sent to store.
3. Material sent for quality control

Can a Company obtain Unsecured loans from outsiders (i.e. other than shareholders, directors or their relatives)? Is there any difference between a Private Limited and a Public Limited Company, as far as above question is concerned?

I just wanna know whether the construction of roads within the factory premices are to be treated as part of fixed assets or whether to write it off wholly during the year of expenditure?
Clarifiction will be of great help.

we are C& f agents of petroleum company.we receive commission & reimbursement from petroleum company.
i want to know what is accounting entry for reimbursement.whether we have to open reimbursement expenses a/c.whether it will come under indirect expenses.

Respected Sir / Madam,

I Prabhakar Dubey passed the 1st group of CA final, however I was failed in Cost management by getting only 30 marks.

Again I failed in Cost management only and get exemption in Direct Taxes.

Now I have to give only three papers in 2nd Group, but still I am not confident in Cost management.

Please provide me the guidance to pass in Cost management as it is very tough to me to pass this papers only.

Regards,

Prabhakar Dubey