Respected Sir/Madam
Kindly tell me a Wine contractor L-1 accounts in Tally. How to maintain Accoounts in Tally. Like contractor has 22 sub shops and all these shops has its own stock. then how he will maintain accounts in tally

Respective Concern,

I have a query regarding WIP which is derived as per AS7.
I know we compute percentage of completion as per cost incurred divided by total cost to be incurred on contract.But here is two cost we have incurred i.e. certified value of cost incurred & uncertified part of cost.
I want to know which part of cost will be used to derive % of completion.
Pleased provide me suitable answer as soon as possible.
Regards,
Ravi garg

SIR, IF A LTD PURCHASE FIXED ASSET FOR RS 4,50,000 & A LTD ISSUE RS 1,00,000 DEBENTURE AS PART OF PAYMENT & FOR REMAINING AMOUNT SHOULD BE REMMIT BY CASH i.e rs 3,50,000.
sir my question is that,issue of debenture should be considerd in cash flow financing activities or not.

IS PAYINGING HRA MANDATORY IN MAHARASHTRA UNDER ANY OTHER LAW?

NOT UNDER INCOME TAX

WHAT IS THE EXACT MEANING OF
1)INTEREST ACCRUED AND NOT DUE ON BORROWINGS
2)INTEREST ACCRUED AND DUE ON BORROWINGS.

AND UNDER WHAT HEAD WILL THEY APPEAR AND WHY.


PLEASE SOMEONE REVERT BACK.IT'S URGENT.


THANKS

Hii
Can we show investment in JV as loan advances when jv is in the process of liquidation.
Please assist

Hii
Do we covert our investment in non integral operation at closing rate.. If yes..
Then how we will knock off our investment with share capital of holding company during consolidation?
Is fctr on translation of investment is a part of cost of control. ?

The following balances are obtained from the books of Jaipur cricket club as on 31 march. 2001 and 31 march 2002
Particular 31 mar 2001 31 mar 2002
Building 80000 85500
Furniture 40000 30600
Advance subscription 1500 1000
Prepaid expenses 800 1000
Outstanding expenses 3000 1200
Outstanding subscription 3000 5000
Sport equipment 24000 21600
Investment - 12000
Books 15000 16200
Cash 16000 17100


Consider the following information relevant to the year 2001-2002
1) Depreciation provided for the year on building @5%. On furniture and books@10%,sports equipment@20%.
2) Some old furniture standing in the books rs 6000 on 31st march 2001 was sold for Rs 4000
3) The club had 300 members on 31st march 2002 as per register of members, no fresh members were admitted during the year but 10 members left the club on 1 oct 2001.
4) Subscription payable – Rs 15 per month
5) Entrance fees received for Rs 5000 has been capitalized.
You are require to show the receipt and payment account and the income and expenditure account for the year ended 31st march 2012.

the assets were realised as follows
15th apr stock 320000
15th may land and building 410000
15th june debtors 200000
15th july debtors 900000
15th aug other assets 3400000
note: there was a bill for rs.1o,ooo due on 15th aug under discount.
MY DOUBT IS WHAT DOES THAT NOTE MEAN? WHAT TREATMENT MUST BE GIVEN CONSIDERING THAT NOTE?

Are Indian Accounting Standards applicable for sole proprietory & patnership firms?

What are rules for writng off debtors? Is it compalsory to write of debtors which are 1 year old?