Dear expert

i have just sold my assets. on which i have already claimed depreciation in previous year.

my queries is. whether vat or any taxes will be applicable on the value of assets.

Dear Sir/Mam,

ABC Pvt. Ltd. has bought the Plant & Machinery of Rs.50L on 01-04-2009 and charging Depreciation @13.91% on W.D.V. Basis. Now, WDV of Plant & Machinery as on 01-04-2014 is 23.64L. so, please advice how can we calculate the depreciation from 01-04-2014 on aforesaid assets.

• Life of Plant & Machinery is 15 years as per Schedule II
• Expired life is 5 years
• Remaining life is 10 years.


Beside above, what is rate of depreciation on Flat purchased by the company

Dear expert.
i have raised the export bill Rs. 6000/- dollar. in every second dollar rate is being changed. i am confused that by which amount in rupees can i pass this entry in my books of account.

Hello sir, if i get transfer from medically then institute will tell me to take rest for 3 months... and my ipcc attempt is in may 2015 so if i get transfer still i will be eligible for exam or not? Please help

Hi guys I have a small doubt.. we show contingent assets in directors report and contingent liabilities in notes to accounts. But whats d reason as we all know both are not shown in books and in one case we will receive amount and in other we have to pay for our past action.

Dear Experts,

Our company is buying the employees and Business orders from another company. The consideration payable for this is Rs. 1.5 crores in the next FY.

Kindly let me know the accounting entry for this transactions.

Is the consideration amount to be charges to P & L account.

Thanks in Advance

We use To as prefix on the every Dr side of the account and by on credit side But writing of these prefix is important ??

Dear expert.
in private limited company. can someone let me know the depreciation on machinery.whether it will be SLM or not. kindly tell me in details along with accounting entry.....

What is meaning of direct & indirect exp with examples?

What is mean of direct expenses and indirect expenses with examples?