I am working as an accountant in a company ( Distributors of LED Tvs ) . In Company's Last year Balance Sheet, 2 LED Tvs, which were used for office use accounted as Stock instead of Fixed Assets and the same treatment still continues. Now i want to Remove it from stock and show it in my Fixed Assets. Since adjusting stock and Fixed assets accounts is not possible. My idea was to Put A Sale entry ( Like Company Purchasing those two LEDS This year @ Cost Price ). What other treatment wud u suggest ?

I have taken excess bonus provision Rs 200000/- in F.Y 2011-12 But in the year 2012-13 Bouns payable is Rs 250000/- How much amount booked regarding bonus provision in F.Y 2012-13 Either rs 250000/- or 50000/- . Please Suggest .

Sir,

I could not open back up (tbk files)in Tally.ERP9.

Please advice.

what is para 46A in AS-11? Which companies apply this para? Explain me all about para46A..

WHAT IS MEANT BY PRE-EMI AND DIFFERENCE BETWEEN EMI AND PRE-EMI?

hi,

There is a opening balance of TDS receivable .In current year,few entries are also passed.
What entry should be passed to adjust the last year figure?

Thanks

hello everyone..

I have a query regarding recognition of revenue when completed contract method is followed in construction contracts..

Till the date of completion of the buildindg all the expenses were transferred to WIP a/c and was shown as Capital WIP and nothing was recognised in PL a/c.

Now when the flats are ready for sale after completion how the income would be recognised in PL a/c????

plz give ur suggestions..
thnx

Dear All

I have some doubt regarding to ESIC and PF.

1) ESIC and PF effect from which date for new employee?

2) On daily basis worker comes under ESIC and PF act or not?

3) what is minimum wages to apply ESIC and PF?

4) IF any person work only one month then we shall deposit ESIC and PF or not?

5) if any one employee don't want to deduction on his/her salary. then what next, or it is mandatory for all or not.

6) it will apply on contractor also or not, if not then how we will satisfy government officer of ESIC and PF. and if it will apply then there name would be mentioned in same register with other employee name. or any other register would be maintain.

more question will be continue..........................

If retained loss is more than capital of the company this is contrary to the articles of association, whether this is shown as a qualified opinion in financial statement?

Can you please resolve my query?

Suppose for a company X has 2,00,000 accounts receivable from customer's for the last 2 years, so company file a case against the customer's for revert it back this amount and they have also decided to set off this receivable against partner's current account. is it possible to set off this amount in partner's current a/c? and after the set off company received this amount from client will it transfer to other income? or transfer to capital a/c ? as per management decisions