In what situations, a Balance Sheet may have Capital Account " Zero ".

Please assume it only in the case of unregistered individual concerns.....

Recently I came across the acronym - EBITDA which stands for "earnings before interest, taxes, depreciation and amortization"


The dictionary meaning of Amortization is - "The reduction of the value of an asset by prorating its cost over a period of years"


I would like to know how 'amortization' is different from 'Depreciation'as the above definition also holds good for depreciation.

Hi Friends,

Please guide me;

1. Quaterly incentives & bonus will be credited along with the employee salary. can anyone send me the format of salary slip.

2. Brief info on 80C & 80 D.

3. Tds % on directors Salary.

4. If Directors take classes, how should be the payment made, grouped,treated & enteries passed.

Thanks in advance

Sir,
I am working in Construction co. we have purchased land for development & as per slabwise received amount from the customers also. Now my query is- in tally how will I pass accounting entries for amount received from customers against booking of flat. Shoul I show under loans & advances till the possession of flat or I will open every customers flatwise ledger a/c under S. Debtors. Please explain throughly.

thanks,
Anjan S Mehta

hi all,

a fixed asset was purchased i.e.29.11.2006 but due dispute with bank the paper of that asset was not received till 10.12.2007 know the problem is that how to enter that bill in the books of accounts in 2007-2008 yr.

Wheather we can claim Deprication and other repair & Running expenses on that asste in this 07-08 yr of 06-07.

Thanks & Regards
Vipan Kumar

If the dividend is declared after the bonus issue of the shares then on what amount of shares the dividend will be declared in the absence of any information given in the example.

what is the accounting treatment for building fund paid by an financial enterprise carrying on the business of lending money to its association and also the membership fee paid to become a member of the association ?

Whether administration overheads are included or not for the valuation of closing stock of finished goods.
Please give a detailed explanation probably with an illustration . I also want to you to prepare a cost sheet for the illustration.
I thank you in advance and please help urgently

Dear Sir,
We have invoiced to Foreign buyers in USD, AED & GBP. While we raise invoice we book sales and expenses in any at the rates CBEC rate of exchange of conversion of each of the foreign currency. At the time of payments realised in our foreign branch or else we received TT from buyer the rate at which it realised is taken into account in Tally9. Incase if we receive a TT from our foreign branch say $10000 @ 39-30 which is fully converted into our cc a/c or (EFC a/c maintained in USD) whether we have to credit the rate at which realised or avg rate or standard rate in order to tally
with Branch account maintained in india.
Further in EFC account in USD should be accounted in average rate or standard rate
prescribed by CBEC rate?

what aspect we should take in to account while finalising of the books of account of any limited listed company ,pls tell me whole phase