Hi, I have two queries if someone can answer them. I have taken a loan of 8 lacs from a friend and have done a down payment of 10.54 lacs for a house. My queries are as follows. 1) I know I have to mention the 8 lac loan under liabilities in my balancesheet, but do I need it in my capital account. 2) if I do not need to mention it in my capital account than there would be a discripancies of 2.54 lacs in my capital account.

pls guide me for maintaining the accounts of a clothes trading co.
actually i want to know the actual duty as accountant for their jobs
and i also don't know what type of accounts i would be maintained there.
like how to start accounting
what type of accounts to be opened
in manual how to maintain bank/cash book

X LTD uses SLM of Depreciation in Financial books Deferred tax liability in case of X lTD is only due to depreciation timing diffrence to avoid deferred tax liability X LTD is planning to provide depreciation in financial books on the method and rate as per income tax what are the consequences to this cases???

If the share application money is pending for more than 1 year. then can it be shown in other current liability head of balancesheet? Anything else is required to be disclosed? pls reply.

If one person working in one trust.But she received salary from two different trust but the one main trusty name is common. Than professional tax deducted from one trust only or from both the trust professional tax deductable.

Please sir help me with this depreciation calculation
Opening balance of Fixed asset as on 01/04/2012 is 214787/-
Accumulated depre is Rs. 84405/-
Now asset is sold in following manner
08-05-2012 Rs.33750
31-05-2012 Rs.2500
12-06-2012 Rs.2730
16-10-2012 Rs.2700
23-10-2012 Rs.4100
31-10-2012 Rs.4200
18-12-2012 Rs.2550
31-03-2013 Rs.2950
so what would be net block,gross block,and total depreciation amount(depre rate is 6.33%)
Please help as soon as possible

Dear All,

My queries is that my father have property in mukherjee nagar, delhi and he want transfer to my name as a gift. Is it possible and will have to pay capital gain the same. my 2nd queries is my father presently recd. rent on the same property he depositing the rent in our joint account. who will show rent income in ITR. Kindly solve my problem.

i am ipcc student and have given ipcc group 1 in may 2013.i have a doubt in accounts paper,my paper went well but in internal reconstruction question which came for 16 marks except for 2 entries all my entries are correct, i have put the narrations for every entry and solved the question in a very neat way but as in question the figures/amount for every transaction and for balance sheet was given in hundred and lakhs was written in bracket or written seperately for example 200 lakhs so i solved the question taking it 200 or i took figures in hundreds and thousands and forgot to multiply with lakhs or forgot to mention that the figures are in lakhs, i thought if i would have multiplied it with lakhs then it would have been a great confusion for me and a lot of time would also be wasted in puttting zeros but i have taken all amounts correctly.pls answer my query as soon as possible really tensed.

can anybody define "real assets ".
whats the correct definition of real assets?

In Investment A/c, What is the adjustment criteria for sale of right. Sometime we treat it as Income and sometime as Cost of acquisition. What is the concept for the same ??
please explain with example