Dear Experts,
we have been paid car premium amount for our site which is under work in progress.
we have paid 700000/- premium amount for first four months.
Entry in books of account for Premium which we have done
ICICI-CAR A/c Dr. 700000/-
To Bank A/c 700000/-
Now we have to recover from contractor on pro-data basis for recovery of premium amount from contractor i have two option one is Debit to Contractor and give credited to ICICI-CAR A/c and second option is transferred to entire amount of premium into Car Preimum a/c(which would be a New Ledger under C.Assets) bcoz we have to recover from party.then do this entry after transferred of entire amount into new ledger.

Contractor A/c Dr
To Car Premium A/c

at the end of year we can easily find out how much money we have to recover or how much premium money we have been recover from contractor.

please guide me what i should do if u have any idea better then this plz reply me.

Thanks
Regards
Ravinder

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respected sir,
please let me know the exact defference between profit and loss account and profit and loss suspense account.

Dear All
In tally i want to resize the voucher pring.That is in one page two voucher could anybody help me
devan.k
9444251466

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Dear Experts,
we have been paid car premium amount for our site which is under work in progress.
we have paid 700000/- premium amount for first four months.
Entry in books of account for Premium which we have done
ICICI-CAR A/c Dr. 700000/-
To Bank A/c 700000/-
Now we have to recover from contractor on pro-data basis for recovery of premium amount from contractor i have two option one is Debit to Contractor and give credited to ICICI-CAR A/c and second option is transferred to entire amount of premium into Car Preimum a/c(which would be a New Ledger under C.Assets) bcoz we have to recover from party.then do this entry after transferred of entire amount into new ledger.

Contractor A/c Dr
To Car Premium A/c

at the end of year we can easily find out how much money we have to recover or how much premium money we have been recover from contractor.

please guide me what i should do if u have any idea better then this plz reply me.

Thanks
Regards
Ravinder

The Magi Refrigeration Company manufacturing refrigerators has production Plant in three cities A,B & C. Suppose for a three monthly period the production capacities are as follows

Plant (in city) Capacity (in units)

A 4000
B 8000
C 7000

Suppose further the company has four distribution centres whose demand is

Distribution Centre
(in City) Demand (in units)

D 5000
E 2000
F 6000
G 4000

The problem is to determine how many units should be transported from each plant to each distribution center so that the total cost of transportation is minimized. Given the cost in rupees for each unit transported on each route is as follows:

From To D E F G
A 42 70 65 78
B 35 64 69 84
C 27 58 70 80

Formulate this problem as a linear programming problem to minimize cost.

if total machinery was destroyed by fire after the balance sheet date and before the board meeting and the loss was estimated . EXPLAIN WHETHER IT IS an adjusted event or not?