suppose a machinery is purchased on 1-01-01
installed on 1-02-01 inuagrated on 1-03-01 test trial done on 1-04-01 and production through it started on 1-05-01.


My question is - from which date would we consider the depreciation charge?.
from which date chould we charge depreiation on it?

Hi All

Happy Diwali to all

We have paid last year rent amount in this financial year but actually we forgot to take provision in books - now how I can show this expenditure in this financial year.

Hi Sir

I need help where should i get new updates or new changes in accounting standard and business law for may 2010 exams pe 2

Kindly help me sir

please tell me the reason of not tallying the balance sheet other than those of difference in opening balance in TALLY SOFTWARE....

it is showing different amounts in total assets and total liability...

Distinction between the terms BOND and DEBENTURE? Please answer deeply and descriptly.

i have a few queries plz answer and send this to my email id
sandy.p76@gmail.com. i am a b.com . q1 how do you pass a bill of purchase and sales bill?
q2 how do you come to know that u have received material in the company .from which are all the documents plz mention?
q3 plz little mention preparing all the vouchers in company if i am preparing a cash voucher of rs50 Is iT correct

Resp. Sir,
I want to know the detail information about the difference between current account & cash credit account & also
why the people opened cash credit account instead of current account..
the above question is asked by Accounts General manager in one of my interview

Pl. help me in this matter
how can i get the exact information
pl. tell me in detail
Thanks
Vinay Kulkarni
vinaykulkarni87@gmail.com

A Fixed Asset purchased at Rs.10 Lacs and a discount of Rs.1 lacs received from the Vendor. At what amount should the assets be recorded in the Books and on which amount should the depreciation be charged i.e. at Rs.9 lacs or at Rs.10 lacs?

Plz. answer the following :-
If any business receives Good which is Asset to the business as an Incentive what should be the proper journal entry?Should the value of the Asset is to be written or only Re.1/- is to be written?

i.e. Asset A/C......Dr. 15,000
To Incentive Received A/c 15,000
(say valuation of the Asset is Rs.15000/-)

OR
Asset A/C......Dr. 1/-
To Incentive Received A/c 1/-

Dear All,

It will be highly appreciable if somebody makes me available this information to me.

I want to book consumption exps in tally by affecting inventory.Now debiting consumtion exps...is okay...crediting to which account ?if item is opened as a ledger for creditiing that item ledger then it will show minus figures...to set off this have to pass other entry from inventory ....is there any other way to book this entry ?