Can any one please help understand the whole concept and treatment of goodwill in partnership- retirement, admission etc. In cases where they are shown in books, not shown in books(balance sheet) entries, writing off, writing back, sharing between old and existing partners in sacrifice or old or new ratio etc and all other concepts? Please help me. I am not able to understand it how much ever I try. PLEASE HELP

I was recently penalised Rs. 276 by ICICI bank as an ECS of Rs. 2000 bounced due to insufficient funds in my SB A/c, eventhough on the same day there were enough funds credited to my A/c from salary, chq. credits etc. during the business hrs.

ICICI bank is saying there is an RBI guideline that the previous days closing balance will be considered for honouring ECS or Cheque payments and not the balance during the days business hrs. can some one throw some light on the correctness of this statement.

HI
ONE OF MY CLINT(individual) HAS DIFFERENCE IN many CREDITORS since last 4 to 5 yrs e.g.AS PER AUDITED B/S X-200,BUT ACTUAL-150 OR 300
What is proper a/c treatment ?
Which a/c standard should apply?
What is consequences in tax matter?
What is effect on TAx audit report?
Should i disallowed this?
Which AAS is applicable?
IF THESE DIFFERENCEs debit & credit come 18.5 LAcs?
Should i debit capital a/c?
any case study ?

Dear Export,
while calculation of closing stock at tally 7.2, the valuation of closing stock is
Inward Value - outward value - gross profit = closing stock
but i am unable to under stand from where gross profit value calculate, i thing this procedure is wrong, it unnecessary ,actually closing stock is differ from my calculation
plz suggest.

There has been an amalgamation of two private companies. The transferor company had in its books share application money. The amalgamation was in the nature of merger. The amalgamation scheme provides a broad accounting treatment for accounting of all assets & liabilities.

How will be the share application money be accounted in the books of the transferee company.

Can the same be shown as "Share application money" in the books if not then what is the accounting treatment.

Transaction/expenses related to
01.02.2009 to 26.02.2009

Whereas Bill date : 28.04.09

Bill Value : 50,000/-

Nature : Contract for Dewatering Works
(Maintenance)


Whether the above expenses can trated as previous year expenses/it is accounted
in current year ????

Please, answer with reason.

sir

if a partner takes cash from his partnership firm for his medical exp. what ac should be debited

should the partner capital ac dr or shown in P/L ac as welfair ac

Please say

Regards

The company purchase new car, that entire amount is to be capitalized,

Vehicle insurance and road tax also we have to capitalized or not

If any income is earned on stock-in-trade, what is the treatment of the same and where it should be discloed in financial statements??

Eg. A company is having stock of equity shares on which it erans dividend income. What is the traetment for the same??

Dear all
plz tell me accounting treatment of expenses relating to the increase in Authorised Share Capital after the incorporation of company and also the expenses relating to the issue of share during any subsequent year of its incorporation