i am giving attempt in may 2013of ca final 1st group,in account paper 1 question for 8 mark which can be solved by 2 way,i am solving by 2nd way but in Practice Manual solved by 1 way can we get mark?2nd way not in practice manual,final answer is diffrant,because 1 item which can be adding 1 or 2 group,then answer change,other remain same.please reply

I have one assets it's salvage value in mybooks of accounts is rs. 5,00,000 ,(5% of cost value ) but where it is we don't know so my director want to remove this assets from books of accounts so now my question is what is the journal entry should be passed in books of accounts ....

hi friends

Software (tally) purchased for the organization purpose .

as per amendment is it Revenue / Capital expenditure.

Software installed in office is this cover under new amendment ???

One my Client have negative cash during some months of previous year because of negligence of Accountant, the reason is because they pay salary in cash , Please suggest me how can I make that positive

dear Sir
I will join a Branch retail shop. There are 5 retail branches. So I think separate account will keep for each branch and at the time of year end all the branch accounts should be consolidate in a single balance sheet and P/L a/c. I am the accountant of the all the branches.
Is it right?

Thanks in advance

dear Members,

My client is charging depreciation on camera and mobile set as per companies rate at the rate of 16.21 % for single shift. is it correct if not then in what category they should be charged and at what rate and what will its impact on accounts. they are charging at that rate from last 2 years.

Please Reply

Dear All

If a person enters a contract with another to use its facility for a specific period. Also spends a substantial amount on piping, flooring, painting, etc to make the facility usable. What will be the accounting treatment for the same.

Thanks in advance

sir/madam,

The book value of a land of IOC Retail Outlet is Rs.2,56,800/- . But the market value as per sub-registrar valuation is around Rs.35,00,000/-.

Now, I decided to take into account the appreciated value of land in the books of account.

Kindly reply what is the procedure for appreciation of land.

thanks in advance

Under Hire purchase system who will claimed depreciation.
Hirer or vendor
Plz reply

sir,Madam,
what is the depreciation rates as per comapanies act?
1.Computers
2.Scooter
3.Mobile

Please tell me.

Thank's

P.Rajasekhar