to whom bank will make payment if proprietor of sole proprietorship firm has died.

As per AS-10,

Revaluation reserve A/c is to be made when ever we revalue our assets.

and additonal dep is to be charged from this resrve.

Hii

Can u list me some of the good authors for Accounts & Costing ( PCC )

kindly plz advice me How the Steps to be Finalisation Of Accounts or means in Actually Care For doing Finalisation

If one Company has taken some amount from a Bank as Term Loan and repays certain amount as per the agreement in a particular financial year. Let's take the company has owed Rs. 50 Cr and has in the agreement to pay 5 Cr each year for 10 years (5X10 = 50 Cr.) + Interest as per the prevailing rate.

My question is that while preparing the final account on 31 of March can we show the repayment amount (Rs. 5 Cr.) for the particular year and interest amount as the expense of the particular year on Profit and debit that amount to the profit and Loss Account or is there any restriction over it ??

Is there any such other expenses of this type where treatment has some sort of ambiguity then plz make me know.

Thanks.

A gym owner has its 2 branches in same city one is about 7 yrs old and another was established in Feb 09 only.

Owner wants loan on the new one ,Can he get that without taking referrence of old gym?

When owner approahed bank for loan,he got awared about submitting last three yrs B/S and projected B/S for upcoming 3 yrs.

My query is that can i make balance sheet on the same basis as that of his old gym or to show his projected income less than the older gym in projected B/S new gym.

What to do ......

Please do reply

I would like to know accounting treatment of principal and intrest amount of emi of car or bike loan purchased by company.

Thanx

I need it urgent

Provident Fund to be ducted on Leave Encashment ? OR Not ?
Also in other compoent of Calculating Full and Final. Like Notice Pay to be paid from Co to Employee, etc

Please Reply.

Provident Fund to be deducted on Leave Encashment ? Or Not ?

Matter Urgent, Can anybody enlighten on the same?

(Dispute Occured, need to proove to one Employee.)
Please Help

Can goodwill be more than capital while selling? Please explain.