I Have received goods from buyer through Transport but some goods are damage and and some are short so Buyer assure me they pay the damage cost without alteration the invoice. nd now he paid me damage cost cheque.How can i Account for in books.If i allready paid invoice amount.

A prop. has withdrawal cash from his saving account for purchase of Materials for construction of his house.

How he will account for such withdrawal in his audited account as cash balance is coming more...

Can he debit the same withdrawal in Construction account and the same can be transferred to Plot(Fixed Assets)...

Kindly help...???

what is the last date of finalisation of balance sheet from someone i had heard that for audit companies it is 30th september and for firms other than audit it is 31st august is it true
please tell me at my email.id
it is ankitgola301093@gmail.com or 9899388913

What should be the accounting treatment of Gratuity. and leave encashment Both Current and Non - Current Liability will be booked as per actuarial certification??

Dear sir,
we have purchase pots/utensil item for bakery shop and utensil item life is lump - sum 6 to 8 month so i want know this item will be fixed assets or not then why? please guide me.

Thanks & Regards,

Pradeep Kumar

how to do cash flow analysis for loss company. its patnership firm (service)

Dear Sir,

I am working in a Manufacturing concern of readymade Garments, which sales on SOR (Sale or Return Basis) to MBO's(Multi Brand Outlates.
And after selling these readymade garments we offer Discount on Schemes (Like 50% Off on MRP).

We raised invoices on Full value as we are unable on the date on issuing Invoice, the exact value of such type of Discount.

Please advice me how to account this Discount in our books of Accounts, like a Trading Part or P & L Part in the final accounts.


Waiting for Quick Reply.............

Hi my client paid advance (Full amount) for laptops worth 20 Lac on 25th March 2015. But the Laptops were recieved on May 2015. So my query is whether to account that advance as Current Asset or should it be treat as Fixed Asset WIP if yes whether to charge depreciation on it.

Dear Sir/Madam
As per the new schedule II of The Companies Act 2013 (on Depreciating assets over its useful life), whether we have to use SLM or WDV Method for calculation of Depreciation on Fixed Assets.?
Kindly Reply as soon as possible.

Regards
Shivani Agrawal

Some One Pls clarify my doubt regarding depreciation for assets of company.

The useful life of Building as per New Company Act is 60 Years(Subject TO Conditions) and as on 31.03.2014 my building life had crossed 60 Years and if i make any capital repairs to building should i need to include it to Building for which life has expired or should i writeoff that total capital repairs ?

Also clarify whether capital repairs to Building should also be depreciated for 60 Years or should that be depreciated over the remaining life of the building if any ?

Thank u in advance,
Manoj