Accounts QnA - Page No 1694

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nayana

26 July 2008 at 12:04

fixed asset

i have 2assets(computer assesories)1 is value of 4000(purchased on 15march) and other of 1500rs(purchased on 16march).can i write off this asset.?as per which act co's or as per I.Tact

joshy k.g.

25 July 2008 at 20:03

Change in Accouunting Estimate

sirs
our company provided an amount for a particular expenses in the year 2006-07
during the year 2007-08 it is found that amount provided is to be so excessive and the excess amount is quandified
how this amount recognised at the balance sheet date i.e. 31-03-08

Chitra Mohan

25 July 2008 at 15:16

Fixed Assets Register

Does anyone have the format of a Fixed Assets Register? Also, pls. guide on statutory provisions relating to the same.

joshy k.g.

25 July 2008 at 12:22

As-26-intangible assets

Prepaid expenses for Advertisment & publicity shown in Balancesheet from year 2003-04 onwwards
from which a particular amounts is shown as expenses in each year from 03-04
what about your opinion about showing balance not w/off amount in balance sheet in the f.y. 2007-08

Anil

24 July 2008 at 16:32

Scope of Financial planning

Please let me know all the matters Financial planning include in its scope.

Thanks.

Anil

24 July 2008 at 16:32

Financial planning

Please let me know all the matters Financial planning include in its scope.

Thanks.

C.A Alok Mukherjee

23 July 2008 at 18:41

Accounting treatment of free goods issued along with sale of

In a retail business, it is a common practice to issue goods at free of cost along with other items of sale. I want to know what should be true accounting treatment one should adopt in an ERP set up retail chain?

Some retail houses are showing as sales at cost prices and the corresponding value are also shown as sales promotion. Since purchase is already booked so effectively the loss is also booked. A retail house is transfering the items at zero value and simply showing as sales promotion by crediting purchase.I find the second treatment is more rational, however, there may be again the question of accounting treatment of VAT in this situation. Please provide your suggestion ASAP.