respectedsir
while preparing balance sheet for the purpose of bank lone i have to include one of my vacant sites (offered as collateral security) under fixed assets . and it was purchased 20 years before at the cost of thirty thousand rupees and present market value as certified by charted engineer is 40 laks.i like to know that , whether i have to show the purchase value (as per the purchase document) or market value of my site.
thanking you

If A Company have Cash In hand @ 5,00,000/- and they not deposit it in to bank till 31st December. And continue they show Cash in hand 5,00,000/- till financial year end and in books also. Then what will happen with them.
I think they can not show Cash In Hand, Because they have old currency notes in @ 5,00,000 Denomination.pls revert.

Dear Expert,

please let me know, what should be journal entry for debit note issued for change in terms of agreement or for supplying inferior quality goods.
We are not returning the goods so purchase return will not be credited.

What will be entry?
creditor a/c Dr
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Can a CA final student apply for IFRS Certification? & What will be the cost,duration and job oppurtunities of such course. Further which one is better IFRS of ICAI or of ACCA or of some other. Please reply.

hello. i m teaching to a childrens upto 8th standard and i m getting fees in cash. so how to maintain accounts of this income in tally. and how much income is exmpted to income tax

What is the exect difference between Contingent Liabilities and Commitments? Can anybody explain it with proper example....Experts plz help

I am new accountant plz help me

can a bank overdraft be taken more than the paid up capital of the company..

please can any one clarify .....why can't we create deferred tax asset on MAT credit, as MAT credit is an asset which gives future economic benefits by way of tax savings..

Dear sir,
I have a query in Tally ERP 9.
I have entered all openning balance of ledgers in correct manner, but in the balance sheet there is showing a difference in openning balance on liabilities side.
What this balance indicates ???
Kindly awaited for your reply!!!