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pankaj kumar
01 August 2017 at 16:10

Dissolution of firm

Hi, guys.
I m little bit confused on the dissolution.

What does the mean of following:
1. If a partner agree to complete the dissolution proceedings and he is getting Rs. 10000.
2.If a partner is getting a remuneration of Rs. 14,000 for dissolution of the firm.
3.If a partner look after the dissolution work, for which he is getting Rs. 10000.
In all cases entry will b:

Realization A/c Dr.
To partner's capital A/C

👉Bt the problem in all above cases is that he will bear realization expense or not?


Madhu M
01 August 2017 at 14:33

depreciation

how to calculate single assets for personal and business use please do the needful


indrajeet
01 August 2017 at 14:10

Journal entry

Rent + Electricity Bill received by the tenant in cash.
For Example:- 10,000+2,500 = 12,500

What would be the entry in books of account of Owner

1.) Rent received in cash
2.) Electricity bill amount received in cash.
3.) Electricity bill paid by the owner from his bank account .(e-payment)
4.) Amount paid to the BSBE.
5.) How to settle all the related accounts.

Note:- Journal /Receipt/Payment Entry for the above to settle.
*Rent is the part of owner’s indirect income electricity bill is not.


CA Final Student
30 July 2017 at 20:26

CA Final Nov17

Left with just 3 months. i am really worried now. i need some motivation. I am facing problem in consolidation. i can't leave that as it of 16 marks. Any easy notes to understand it?. Thanks


Raja Banerjee

An organization decided to replace all existing lights in its operational area fitted with high power sodium vapour lamps with energy efficient LED lights in order to have long term benefits like cost savings in electricity consumption, maintenance and also have an aesthetic look.
The organization decided to treat this expenditure as 'Capital Expenditure'.
My question is that whether the accounting treatment adopted by the organization is correct or should the organization charge this expenditure to 'Repairs & Maintenance'?


KISHORE KUMAR JOSHI
29 July 2017 at 21:30

Accounting charges

I am receiving Salary. Can I pay accounting charges to whom who prepare my account books.


CA Akhilesh Kumar Kandpal
29 July 2017 at 02:27

Treatment of preliminary expenses

How to write-off preliminary expenses?
Some says in one time...
Some says in five years....
is there any legal requirement??


musabbir
28 July 2017 at 15:17

Pf contribution



If employees working in organization and his Basic salary Rs. 15000/- is capping and maximum PF deduction is 1800/-.in particular month if that person has 5 LWP in a month then what will be the treatment Rs.1800 will be deducted or as per no. of days.(Proportionate)



Anonymous
28 July 2017 at 15:07

Depreciation on water well

could tell me what is the rate of depreciation on Water well constructed for Home stay business and for how many years it should be clailmed?


Sunil
28 July 2017 at 14:09

Query regarding gst registration

Hi, I have one client having Business Income of less than Rs 5 lakhs per annum, they already have TIN number they have also got provisional id for gst which was used by their previous CA without clients permission and now he is not providing us the user id and password set by him we are also not able to change it as previous ca has registered his phone number also he is not providing otp, now When we entered provisional id on gst website the mesaage appeared you are already mapped, please suggest what should I do in this situation as my client does not require registration, Do I need to get their registration cancelled?






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