there are three stages
1.inventory stage.
2.stores department.
3.billing stage.
in first stage what is the entry they will pass when they are purchasing plant& machinery from a supplier who is in andhra pradesh .i required the second and third entry also.if suppose VAT is applicable to the stages and what the entry will be there.
in a company why they want to make a dummy account ?
what are the reasons to maintain a dummy account ?
Is the VAT which is charged paid by the receiver or by the provider?
please give me a detail reasons for the above which i have specified............

hi friends,
this is sreekanth, my friend 4 the purpuse of project work, want 2 have 5 consicutive FYs projected/exampled vertical B/Ss as per sch6 of one company which has objective of taking order&disptching air crafts but following conditions ;
1.not having stock in hand
2.no bill transaction,i.e.,no b/s,b/p.
3.share capital rem.,constant
4.loan amt.,should be given off in 4years once.
share capital=4000cr

plz, be give me the same b4 tomorrow (10-02-2008) at 2AM SO THAT MY friend may get benificiated.
B/S shold be based on objective &plz use all possible heads.
thank u & again plz be send as quickly as possible so that im grateful 2 u.

what is mis report and how it is prepared ?
tell me breifly

Inform me the name / details of construction / real estate accounting software for costing

S.K.Wallia

Dear Sir,
Our Institute is going to construct new building for starting a college. Amounts spent for this construction work will go under which heads in accounts. Should we maintain a separate account for this. Expenditure will be on geological survey and soil testing, architects fees, building materials, contractors charges, etc.
Thanks

Explain the terms

1. Time value of money
2. Appreciation of assets
3. Justation period


S.K.Wallia

The Company is currently raising capital from Institutional Investors and has incurred, or is likely to incur various expenses such as,
- Payment made to an intermediary as commission
- Expenses incurred towards increasing authorized capital
- Stamp duty for agreements and share certificates
- Consultancy fees paid for carrying out due diligences on behalf of the investors
- Legal fees for drafting documents

We need to know the accounting treatment for the above expenses.

1. Should these expenses be charged off in the current year itself.
2. Are we allowed to carry them over as Differed Revenue Exp and charge off over say, 5 or 10 years?
3. Is the entire spend allowed as deduction in a single financial year, or even for Tax, one is only allowed a partial deduction? We would also like to know whether our treatment in Books of Accounts impact our tax claim?

Suppose the face value of shares is Rs10.
500 shares which were issued to A forfeitted for non payment of final call(Rs.2).Now reissued to B For Rs8 per share and Rs6 paid up. I want to ask about the amount that will be entered in bank a/c in reissue entry, will that amount is 500x8 or 500x6.

I would like to know how do i setup an accounting system for a hotel and resort business. what Kind of Ledgers etc. I need to create? Is tally a good choice or do i have a choice?

Please tell me About Capitalisation i.e. Accounting of Capitalisation, Entry in Tally, Depriciation on Capital Assets,

& all details about Capitalisation,

Thanking you,

Regards,
Vaidyapady