Accounts QnA - Page No 300

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SAJEESH

10 January 2017 at 02:23

treatment of accrued income

scenario: accrued income accounted in last financial year. invoiced in current financial year and cash receipt also in current financial year. income recognized in last year because it rendered last year. the entries passed are 31st last year accrued income to income this year invoicing party ac Dr to income Bank ac Dr to party Iam planning to reverse the entry made last year to correct the financial statement, by reversal income become zero and accrued income in BS aslo become zero. is this accounting treatment is right is there any alternative treatment with out reversal

Sandeep Shirke

09 January 2017 at 17:07

Accountant

Dear Sir/Madam kindly advise me where we have accounted of fan purchase under fixed assets. many thanks in advance

CA Arjun B

09 January 2017 at 10:19

Accounts

What is balance sheet reconcillation ?

bhuwan chandra

09 January 2017 at 00:15

difference between Reserve and Provision

Please tell me about reserve and Provision

lalit jain

08 January 2017 at 23:46

proprietor purchase an printer through own individual credit card than how to entry ?

i (proprietor) purchase an printer through own individual credit card (not company crefit card) than how to entry ? in accounting software?

lalit jain

08 January 2017 at 23:44

i pay to broker behalf on sale. than how to entry ?

i pay to broker behalf on sale. than hkw to entry ? and where can i entry in accounting software ? payment or journal ? thanks in advance. ..

Amit Kumar Datta

06 January 2017 at 12:44

tally problem

when i entry sale invoice in tally , it shows both in inwords and outwords and closing stock for this reason comes zero..plz kindly solve my problem.

Anonymous

05 January 2017 at 18:58

Ms license_capitalise or expense it

Hi

Our company has MS Office License ...Do i need to Capitalise it or Expense it

Somashekharreddy BN

05 January 2017 at 00:48

classification of fixed asset

Dear experts, purchase of camera for business purpose will it be classified as fixed asset?????

Shraddha

04 January 2017 at 18:24

Fixed assets write off

Dear Experts,

Please explain the treatment of Fixed assets write off in companies act 2013 and Income tax act in below situation:

1: Fixed Assets write off WDV is zero
2: Fixed Assets write off with WDV value Rs.160000/-

(Salvage value is zero)