On 1st January 2006,furniture is Rs.20000 .During the year a part of the furniture whose book value on 1st January is Rs.1200 has been exchanged with another furniture by paying additional Rs.500. The rate of depreciation is 10% p.a. what will be the net amount of the furniture in the balance sheet? Please tell the method.

Respected Sir , tell me about TDS total procedure. and suggest me useful websites for taxation.

plz provide ipcc accounts amendments notes for may 2015 exam

Rep.Sir,

purchase new car

hdfc loan sanction amt 6600000

disbursement amt 6460928

deduct from hdfc loan
1 advance EMI OF RS 139072

then how to jv passed in tally of advance emi

Our organisation is going for AMC for maintenance of Fixed Assets.The charges paid for AMC is being valued as a % of fixed assets.Now issues raised whether freight, insurance, packaging charges paid at the time of purchase of fixed assets would be excluded for determination of AMC charges?? Please suggest.

Hi...

I like to know about receiver signature is mandatory for petty cash voucher.

i.e.(If our staffs received some cash in suspense they purchased some material for our operations.Finally they comes to settle the suspense a/c by submitting voucher along with bills. On the receiver signature column who need to sign)

Hi all,

can any one give brief notes and want to know how to calculate depreciation as per new companies Act 2013 schedule II in excel.

what are the points changes in new act,
a) If we have already used asset for 2 years 5 months/8 months, then what we have to consider used years (2 years or 3 years).
b) if any asset useful life was in earlier act was say 10 year and new act 7 years, then in this situation how to calculate.

please guide me and give excel sheet if any one have, need to do depreciation urgent basis as per new act.

Thanks

Kindly help me with this query.
A company has received advances for business purpose but cannot utilize it within a period of 365 days from the date of receipt of such advance. But the company is sure to utilize such amount in the next year. In such a case will such amount be considered as deemed deposits?

Suppose a Company applies IND-AS voluntarily from April 15.. I.e for d FY 15-16 Is company supposed to apply IND-AS also on FY 14-15 because financials r reported on comparative basis?

why use of deprecition in fixed assets ? please explain features & importance