Hello Professional Friends,

One of my client has paid an amount of Rs.75,000 to a Vendor as advance towards purchase of computers. But before the delivery date the vendor discontinued the business and is not traceable right now.

How to treat this loss of Rs 75000 ?? Please suggest appropriate accounts head.

Hi.

Acid Test ratio - 2.5 times
Current ratio - 1.5 times
Share holders fund- 15 Lakh
Net Working capital- 10Lakh
Stock/ Inventory -?
Bank OD -?
Fixed Asset -?
Properitory Fund- 0.75(F.Asset/Sh.holder fund)
Reserves - 1.25 Lakh
Long term liability - 1.25 Lakh
Debenture - 10Lakh

Sir, what is an accounting entry for PT deduction from salary in export company and its comes under which head ie under duties & taxes or treat as an expenses in p&L a/c?

hello Sir/Mam, My brother is in Ipcc, appearing for both groups in may 14, pls suggest best self study books for Accounting & Adv Accounting, law , Audit. Presently he is refering Padhuka's Publication, Author- G sekar & B saravana prasath for Accounts and Adv. Accounting but he is finding difficult to understand some chapters like Amalgamation, Partnership, hire purchase, branch accounting. He has not taken any class, Can you please suggest me any other book(s) which is easy to understand and concept clearing as time remaining is very less.also want to know best and easy book for accounting standard other than D.S.Rawat....Thankyou.

In Amalagamtion what will be the Treatment for Staff Provident Fund?? and What to do of Sinking Fund????

Hi
Friends
Example :Mr.X is invested in ABC Company the company is closed but the company not paid any shares amount to Mr.X .

Then how Mr.X can close in his books by passing Journal entry .

Dear All,
Please suggest what will be treatment for goodwill payment when some firm has converted into private limited. also mention how goodwill acn be written off in books & treatment for amortisation

I'm a student & not earning any income I have received a movable property fmv 500000 then it is taxable in whose hand

Rounding of an amount , please tell under what group (Account head ) it will be recorded in Tally EPR9 .
What is treatment at the end of the year ?

Thanks in advance .

dear all A pvt ltd co has its 10 lac sh.capital and 30 lacs debt . all assets are secured against loan taken. Company having 100 lacs turnover how is it possible to arrange further capital of rs 20 lacs.