Can someone tell me how Indian railways recognise revenue(as per AS-9) from sale of ticket coupons of Mumbai local train? According to me they should recognise the revenue at the time of sale of ticket coupon. But, is it against the revenue recognition criteria prescribed by AS-9? Because, as per AS-9, revenue can be recognised as per two methods: Percentage completed method and Contract completion method. If it is against the recognition criteria, whether auditors of Indian railways give a qualified report?

wen is para 46 applicable nd. wt will b its treatment

Please tell me dat d tally software purchased by a partnership firm will b treated as an asset or as revenue expenditure?? Wat wll b accountng treatement fr ds?? Plz reply

Why is leasehold land depreciated?

As a Transporter using Tally & as per the Mercantile basis we consider our consignment note issued date as income. whereas the consignee/consignor bookes our consignment note as their expenditure only on receipt date of our bills.Thus the ledger of both the parties differs on 31.3.14. Kindly suggest the right procedure.

If Depreciation is Given in trial Balance (Two Places)
First- showing deducted from assets one by One. (Credit Side)total amount -2791118.3/-

second- a depreciation amount give (Debit Side) total 2716451.68/-

both are differ balance (difference is 74666.62)

How treat when prepare final account;

and in same trial : Exchange Gain credit amount:2638591.5 and Debit amount as Exchange Loss/Gain: 2716451.68/-

please tell me, how treat when prepare final accounts

Sir,
I am working in pvt ltd concern, i have one doubt, our company staff is expired and our company was contributed School fees for his childrens Rs.2500/- every month, so by which account it will be Debited, pls suggest. We take it up for Donations and was it possible to claim U/d 80G, so pls suggest.

Thiyagarajan.K
Mob: 9585111089

Experts,

A company has given donation to a political party around 1 crores. what are the various accounting treatment to be done regarding presentation in P&L a/c as well as if there is to give additional info in Notes to Balance-sheet?

How to Calculate the Following Sum in Ordinary Calculator.



Question : 2000(1+0.10/365)^730
Answer : 2442.70

What are items are necessaries into preparing a year ended final accounts statements.