Can the assessee claim depreciation on the asset used for 11 days in the last year Under the Companies Act, if so at what percent.

what are fund/non fund based income for banks? pls explain in detail

IN CASH SYSTEM OF ACCOUNTING, IS IT NECESSARY TO SHOW TDS PAYABLE A/C

Sir,
i want to know the accounting entries of ESI & EPF .
Please tell me also what it is & to whom it is applied or its application of provisions .

Sir,while computing networth of a Company, can we add unsecured loans from directors in the formula Share Capital + Reserves and surplus - miscellaneous expenditure? In this case, directors themselves are the shareholders.

Can anyboby suggest some good book for advanced accounting for CA final specifically for the topics ESOPS,merchant banking, guidance notes issued by the institute .
I basically wanted a few solved problems for the above mentioned topics .

Under which major head the muncipal tax will come in the P&L a/c.

Hi Everyone.

Is there any excel file for maintaing Stock? Otherwise how to create?

Thank you for advance response

Regards,
Shashi H.S

A company produces a single product sells it at Rs 50 per unit. The variable cost per unit is Rs 35 and the fixed costs are Rs 12 lacs per annum. Please calculate:
(i) P/V ratio and break even sales
(ii) New breakeven if variable costs increase by Rs 3 per unit, without increase
in selling price.
(iii) Increase in sales required if profits are to be increased by Rs 240000
(iv) Quantum of advertising expenditure permissible to increase sales by Rs
120000 without affecting the existing profit quantum.
All the events are independent of each other.

(i) Excess of _______ over _______ is called as deficit in a non-trading organisation.
(ii) Discount received is recorded on _______ side of the cash book, while
discount given is recorded on the _______ side of it.
(iii) Fixed overheads are charged to cost of production under _______ costing,
whereas only variable costs are considered as product costs under _______
costing.
(iv) Bills payable account is a _______ account and closing stock account is
_______ account.
(v) Posting from a Purchase return book is made to the debit of _______
account and to the credit of _______ account