Hello sir,

Suppose a company has taken loan of Rs.3600000,

[A] co. receive Rs. 3400000 through bank:

Bank Dr. 3400000
To Bank loan 3400000

[B] Advance EMI Deducted by bank

Bank loan A/c Dr. 150000
To Bank Loan 150000


[C] Stamp duty[expense of company] directly paid by bank

Stamp Duty Dr. 50000
To Bank loan 50000

Bank Loan Dr. 50000
To ?????? 50000

Now which account should i credit to settle loan account ??

thanx.

Dear sir,
I have an doubt in journal & posting. If suppose i going to purchase vegetables for rs1000.by bringing the vegtables in auto it costs rs 120. shall i debit total vegetable costs including auto as 1120 or
vegetables dr 1000,
auto dr 120
to cash 1120.
whether it relates to materiality concept or some other else. kindly explain me the concept

what is treatment in the case of property purchase on joint name ( father & son ) purchase consideration paid by father and all building made expensses paid by son , in the books of the both.

whether deferred revenue expenditure is 100% amortised in same year of expenditure or on the basis of matching concept.

plz tell me account group 1 ke question easy or 12th wale method se kr skte hai

what do you mean by buyback of shares?

SIR
R THERE ANY CHANGES IN ADVANCED ACCOUNTING (PAPER 5) SYLLABUS FOR MAY 2014 EXAMS LIKE
ACCOUNTING STANDARDS OR ANY OTHER
THERE R NO ANNOUNCEMENTS YET IN BOS PORTAL OF ICAI

Pl. let me know below entities are related party as per AS 18? Pl. explain also

Company A Holds 99 percent equity share in Company B. Company A holds 40 percent equity share in Company C.

Whether B and C Related Party as per AS18?

Dear Sir, I need required Bonus strategy in corporate business. Thanks

Fast Track Exit Scheme says that any defunct/ dormant company with nil asset and liability can apply:-

What if

Particulars From 01.04.2013-16.12.2013
I. EQUITY AND LIABILITIES
(1) Shareholder's Funds
(a) Share Capital 100,000.00
(b) Reserves and Surplus (105,000.00)

(2) Current Liabilities
(a) Other Current Liabilities 0
TOTAL (5,000.00)
II. ASSETS
(1) Non-Current Assets
(a) Fixed Assets
(i) Tangible Assets -
(ii) Intangible Assets -
(2) Current Assets
(a) Cash and Cash Equivalents 0.00
(b) Short-Term Loans and Advances -
c) Other Current Assets -
TOTAL 0.00




KINDLY GUIDE THE REMEDY.