Can anyone tell what difference between Debtors & Book Debts?

one of out senior staff went to Kolkata for interview for Germany tour for inspection of one machine

please tell me in which a/c head it take

ramesh

DEAR EXPERTS
WE ARE CONSTRUCTION HOUSE WE HAVE PURCHASED A DG SETS OF SITE OFFICE FOR RUNNING OUR SITE OFFICE OPERATION WHEATHER WE HAVE TO TAKES ITS AS FIXED ASSETS OR ITS PART OF CWIP. PLEASE GUIDE ME WITH SOME LITTLE EXPLANATION.


THANKS
RAVINDER

Work in Progress A/c. DB...........
Trading A/c. CR...............


How can i pass the entrey in tally 7.2

Trading A/c. = Purchase A/c. + Direct Exp.

this is a Construction A/c.

when we entery in purchase so thats amt effect directly go on wip but direct exp.entrey how can i tranceferd to wip

plsssssssssssssss clear me sir

Hi,

As per AS-19, in case of Finance Lease lease initially it has to be recorded in Assets side as well as Liability Side.

Can any one suggest me the actual entry??

Regards
Rupesh Nigam

hi..........
i am amol
my querry is when my CA make my firms balancesheet o n that balancesheet they make a adjustment entrey whichever is

Work in Progress A/c. DB...........
Trading A/c. CR...............


How can i pass the entrey in tally 7.2

Trading A/c. = Purchase A/c.& Direct Exp

So Plsssssssss Help me how can i Pass the entrey

This is the Construction Accounting.....

I would like to have your kind opinion related to accounting issue while capitalising items for construction of a buliding in case of subsidiary where due to tax, admn. and finance reasons the road permits,bills etc.are made in name of Holding company.

In that scenrio, the subsidiary cannot capitalise for want of bill and holding company has no valid right for capitalisation also.Please give opinion what type of accounting / Contractual arrangemt be made between holding and subsidiary which are in financial and tax interest also.

Finished Goods worth Rs.20 lacs(MRP)were damaged due to floods.The accountant suggested the following entry:
Loss by Flooding a/c Dr 20 lacs
To Trading account Cr 20 lacs
(Being loss by floods)
The auditor suggested that no entry should be passed;logic he puts forward is that the closing stock valued at the close of the year has taken cognisance of the loss by not valuing so much of the stock as is lost.Who is correct.Why?

While valuing stock as per AS 2 if NRV is less than cost , NRV is considered as the stock value. Here how the stock value is reduced by entries(how to provide such loss).

Q 1: When Goods is purchased on 01/04/2008 but received on 03/04/2008,so that on what date purchased should be Record in the books of accounts ?

Q 2: When any expenses Actually incurred in 31/March/ 2008 &paid in15/ May/2008, bill dated 25th July 2008 but Recd in 15/September/2008.(financial year 2008-09& bill Belongs to TDS matter) then when the entry for the TDS & Expenses will be Recognize?

Q 3: When Agreement for Purchase of Vehicle is made on 31st/March/2008 but Delivery Received on 30/04/2008 after the Signature on Balance sheet of BOD,advance paid on 15th March 2008.When it will be Recognize in the Books of Account?