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

If an asset is purchased and the same is not used for the financial year, should the company charge the depreciation and the reason for the same?-

a handicap person didn't made any expenses for the year. can i know that person to get the exemption u/c 80c?

can i know handicap person has any tax exemption for his expenses from his income?

In case of a builder we have to calculate borrowing cost.
In this case a project is completed in mid of the year and all other projects are running projects.
Then we have to calculate the borrowing cost for all projects, but the question is about completed projected, borrowing cost will be calculated for which period for whole period or only uptill the date of completion of project.
note:
1. sale booked for all projects at the end of the fin. year.
2. expenses also debited after completion of the project as bills came late.

please guide me immediately.

Hi friends,

greeting of today,

I want to know IFRS is now applicable to India with converged system and also I went through with notifiaction of phased manner...but i am confused about whether insurance co..listed co..already adopted converged system or waiting for MCA notification...pls solve this query ...what is current status of IFRS in India...

Dear Experts

PF employer contribution is part of CTC or Excluded from CTC. please clarify my doubt.

Thanks In Advance.

Pls guide with example for accouting entry for gratuity & leave encashment as per actuarial report in books of accounts.