DEAR EXPERT,

AS PER GOLDEN RULES OF ACCOUNTING, WHETHER PURCHASE (TRADING ACTIVITY) IS REAL OR NOMINAL ACCOUNT?

hi friends, sir's plz help me in this regard . what is the entry of TDS on income. and how will I treat this entry in cashflow statement.

Suppose the life of asset prescribed under companies Act 2013 is 5 years and the asset has been used for 7.5 yrs. till 31.03.2014,what amt should should be charged to retained earnings and what should be the net WDV?

What should be the treatment if there is any addition in the asset during the year?

Kindly help on this issue.

Kindly described the LIFO and FIFO method..??

I wanna take overdraft from a recognised govt bank of india... but not able to undrstand how interest is been calculated on overdraft,1thing i know interest will be charged only when i used that overdraft money for my business....Thinking to take overdraft against "FD" or "HOUSEPAPERS".... PLZ HELP ME TO UNDRSTAND HOW INTRST IS BEEN CALCULATED WITH EXAMPLES... n will interest will be paid monthly?

pl suggest reference books for ipcc group i in the following subjects
accountancy
costing

Sir i am having a doubt regarding 'Proposed dividend'

Whether provision created for the proposed dividend is a appropriation of profits (or) Charge against the profits.

If it is appropriation of profits then the provision for proposed dividend is created out of the Previous years accumulation of profits then also it shall be treated as appropriation of profits, If not then what is the same.

From the definition of appropriation of profits, i understand that any profits transferred from the current year profits for the future purpose to the reserves is called as appropriation of profits, If not please tell me what is the meaning sir.

Please advice on the treatment of share application money pending allotment in consolidated financials of Holding company

how to enter vat in sales invoice?

Further, by applying the transitional provisions of Schedule II, balance WDV
of Rs 762,500 needs to be depreciated over the balance useful life of 10 years
considering the residual value of 5%. Hence, depreciation for the year 2014-15 and yearly depreciation for next nine years would be Rs 63,333.(SLM)
Cost of asset was Rs 1000000.
Experts plz guide how depreciation of Rs 63333 calculated?