Hi

please tell me accounting treatment for this following events



Event 1-A Co. acquires acquires foreign currency ( say USD) in exchange for RS. ( say 1000 $ @ Rs. 50 per $ )

Event 2-Now they release this FC to one of their marketing officer for his foreign tour under imprest system. Say Co released 1000 $.

Event 3-One month later after touring the traveller surrendered 100$ and expense sheet for 900$.

Event 4 - Co. Exchanges 100 $ for Rs 48 .

Please write a/c entries for all 4 events !

thanks

An individual on approaching a Bank for loan, the Banker has asked for details of Capital account. As per Balance Sheet, in liabilities side, capital account, sundry creditor and loan recd. is shown, and tallied with assets side, with few amount available as cash in hand, at bank and balance in land and buldings. Now banker is asking for details of capital account. How to show and what does he mean by that Kindly guide me. This is urgent please.

Sir,
Whether AS-7 is applicable only for civil contractors? Or it is applicable for contracts other than civil contractors?

If it is not applicable to contractors other than civil contractors, where it is mentioned in AS-7?

If a service provider not perform the complete service contract and against this contract customer deduct a penalty or made payment with deduction then deduction amt treated as a discount(sale reversal) or sale expenditure

Para 35 AS-7, When it is probable that total contract costs will exceed total contract revenue, the expected loss should be recognised as an expense immediately.

In a Case where contract till not started, what entry to be passed to recongnise exp in pl? should we create a corrosponding provision in b/s?

In a case where contract cost of such part of contract which is pending to incurr is expected to exceed revenues, what entry to be passed for same purposes?

how to analyse the balance sheet and P&L?

which type of asset can be taken in fixed assets. whether heater, heat convector, calculator, can be taken in fixed assets. please clarify the fixed assets. whethere therei is any software for fixed assets

SIR,

CAN ANYONE SEND ME FORMT OF PROVISIONAL BALANCE SHEET FORMAT OF PARTNERSHIP FIRM

PLZ REPLY................IT IS URGENT

THANKS

Dear Sir,
Kindly give me the professional tax slab rate financial yer 2010-11

Please let me know the difference between P & L adjustment account and P & L appropriation account.



Thanks.