paid advances 5000 and remaining by cheque 16000 for printing stationary to jawahar press

A question was asked to me on an interview.

If an item was delivered to a company on 31.03.2013 (last day of FY) with out a bill and the books need to be finalised on 05.04.2014, what will be the procedure ... whether we will account in 31.03.2013 or we will wait till the bill receives.

ABC Pvt. Ltd. is a construction company engaged in business of construction of roads and other government contracts. I want to know whether cost of diesel and oil and repairs, in vehicles engaged in making road and shifting of goods from various sites and plant, would be direct cost or indirect cost??? Since it is a construction company vehicles and machines required for constructing road and shifting material to various sites from plant requires higher use of vehicles. so cost of diesel, oils and other repairs is very high as compared to other industry. please tell me these cost would be direct or indirect??? thanks

Hello there,
My query is, is there any limit to write off the balance. in my company's p&l a/c in indirect income, amount written off is seen negative. what does it mean? is it acceptable in audit?

after 3 months my 2 years of articleship going to be complete n I want to go for industrial training can I? N THE PROCEDURE FOR INDUSTRIAL TRAINING?

Dear Sir/ Ma'am,
I have a company (XYZ Ltd.)Details of Net assets of which are as follows:
i)Net Assets as on 2012-13 - Rs. 619,67,173
ii) No. of shares as on 2012-13 is - 10000
iii) Bonus issued on 10.04.2013 is - 1040000

Now my quary is that whether we will give effect of issue of bonus shares while calculating Net Assets Value as on march 31, 2013?

Why closing stock never comes in trial balance and only opening stock is shown???

Hi friends
fire extinguisher is it comes under office equipment- fixed asset.
or any other

Hi

1-May-13 Bought a horse for transportation of goods Rs. 250000.


23-Apr-14 Horse died. Rs. 5000 is recovered from the sale of its carcass.

What will be the journal entries on 1-05-13, 31-3-14 and 23-4-14.

Any depreciation?

thanks
shivani
shivaniadream@gmail.com

i hadicap person not made any expenses for the year. can he able to get claims u/s 80 u