while sending the material to customer few part damage due to road accident. so now how to be treat and consider in our books of account and could we avil ED and tax amount for damage part. second what documents required during claim the insurance of damage part.

A Ltd. purchased a machinery for rs 40 lakhs (useful lyf 4 yrs and residual value 8 lakhs) What would be the journal entry at the tym of refund of grant in the third year and the value of fixed assets ifThe grant is credited to fixed asset account.....Please help and give your opinion regarding this.....

i am stuck up with this. there is a sum in advance accounting and i am just not able to get the reason for such an equation. please help. The company gets 3 units of C for each unit of B produced. Please form an equation with explanation

Dear sir
we are buyer. in f.y. 2014-15 we din't show some purchase bill.how reconcile in f.y. 2015-16. (i mean how to show purchase in this year), plz help me.

Thanks

I have a firm and I made investment in F.y 15-16 in some other business(firm).Accordingly they gave me interest of Rs.50 lac in that year and they also deduct TDS of Rs.5 lac in that year.But they didnt pay me the rest of the amount which is Rs.45 lac.
HOW WILL I MAKE THIS ENTRY IN TALLY?

Hi

Please let me know when we should raise sales invoice and record it in books of accounts in following 2 cases:

1. When seller assumes the risk of delivery till buyer's place?
2. When seller assumes the risk till dispatch of goods?

Any help in this regard will be highly appreciated.

Dear All,

My Query is produced below -

We have a machinery whose useful life is 10 years as per Companies Act, 2013. It has an identified component whose useful life is also 10 years. But, the component can be replaced at the end of 10th year and then the machinery can again be used for another 7 years. How should that be accounted in books.

Shall the company at present account the useful life as 10 years and at the end of 10th year (if the component is replaced) revise the remaining useful life to 7 years (but by that time, the overall asset cost will be its residual value) and do the same will be treated as a change in accounting estimates as per Ind AS 8 ? Or some other treatment will aptly present the case.

Kindly suggest.

Regards,
Monica

Our society installed CC TV system which costs Rs.38000/-
It consists of 2 Cameras @ 3450 = 6900, DVR unit 9735, 2 TB HDD = 7150 connectors-400, cables-1450 Rack -4500 labour, VAT and Service Tax. How to account the same in Tally. I can capitalize above 5000 items and balance as expense. Kindly help ?

can anyone tell me the accounting entires in e commerce company .....like Flipkart because we are provide the site to sell product of vendors..

the amount of rent receivable on 31 march 2016 is 75000 but actual rent was received on 16 april 2016 net of tds, now what should be the journal entry on 31 march and on the atual date of receipt.