The Gross value of plant and machinery is Rs. 400000. As on 31st March 2009, the depreciation reserve of plant & machinery was Rs. 100000. Calculate depreciation as per SLM @ 10% and pass the journal entry as on 31st March 2010.

What will be Accounting Entry for this.??

I am dealing in sale of tractor and spare parts. we charge labor charges separate in sale of spare bills.
what is the labor charges entry and it is our direct income or indirect income.

Hello dear expertsSold a house 50 percent amount received in last year and 50 percent amount received in current year and same for the expenses incurred on it and registry also done in current year. So my question is in which year have to calculate capital gain

Hi All,

Wanted to know what all documents are required for processing forex payments ?

Secondly, is 15CA/CB required to be attached with every foreign payment or is it a periodic document?

Please also elaborate the process of drafting and filing 15CA/CB.

Thanks a lot.

Respected All

we received an electricity bill from 10.03.18 to 09.04.18 with rs 50000/- in the m/o April,2018

so pls clear that we book this bill amount in month of march,2018 or april,2018 or partially in the month of march and april.

what should be correct entry??

Regards
Atul KUmar

.......................

Sir
Can partnership business can apply composition scheme. Kindly advise. Me..
And what is the turnover limit?

Hi,
kindly i request to you for a entry, how to capitalize of expenses.

HAI GUYS,

HOW TO ACCOUNT THE CHIT IN THE INDIVIDUAL BOOKS FOR THOSE WHO SUBSCRIBE THE CHIT.
ALSO HOW TO ACCOUNT THE PREMIUM PAYMENT AND DISCOUNT IN THE INDIVIDUAL BOOKS OF ACCOUNT?
AS OF MY OPINION AND VIEW IS TREAT AS INVESTMENT TILL PAYING THE MONTHLY PREMIUM PAID IN THE CURRENT ASSETS AND AFTER DISCOUNTING EITHER TREAT IT AS UNSECURED LOANS OR UNDER SUNDRY CREDITORS HEAD. IS IT CORRECT?

shall we capitalize expenses to purchase stock??

for example: timber purchased from farmer and expenses towards paid forest permit, cutting, freight, labour, etc. because upto now we didnot start sale of timber/furniture. can we capitalize to stock with above expenses>>??