Sir,
Accounting S/W purchased for the firm or company should be recorded as exp of that year of as a fixed asset?

I know March is the year end....but why everyone is busy in march month...the assignments which are completed in the month of march can be completed later on too...then why there is rush in march everywhere?
Whether there are some specific assignments or entries in accounts which can be done in the month of March only?

is it possible to have a negative amount in the balance sheet of a company correspondence to Reserves and surplus?

what are the direct and indirect expenses in trading sector & manufacturing sector with example please.......

I have a doubt in calculation of efficiency. Pls review the following problem and help me to understand.

Standard output in 12 hrs 48
Actual output in 12 hrs 42
Time rate Rs 7.50 per hour

Efficiency in terms of output
=actual output/standard outputx100
=42/48x100
=87.5%

Bonus percentage at 87% efficiency is 7.56 and 88% 8.32.

How they determined the efficiency is 7.56 and 8.32?

Our client is engage in civil construction. And they have to calculate WIP every month for certain purpose. We are calculating WIP as under.
Total Billing ***
(Less) Uncertify Bills (***)
Gross WIp ***
(Less) GP Margin (***)
WIP @ Cost
(Add) Unbilled Work @ cost ***
Net WIP ***

Whether this is right method ????

Please suggest me what accounting treatment should be made when prepaid insurance exp. made on a vehicle but vehicle was sold in current month. In this situatuion what entry should be made for the prepaid exp. for the related vehicle.

Kindly give reference of AS also.

security service and allied services,
later i was made payment to security , in this bill how can i pass the entry in tally
pls help me out

how to calculate cost of control or goodwill ?

Respected sir/ma'am
When we sell Fixed asset on profit we pass the following journal entry:

1.Bank A/C Dr.
To Fixed Asset A/C(cost)
To P&L A/C(profit)

But when we sell investments (in the form of shares or debentures) we pass the following entries:

1.Bank A/C Dr.
To Investment A/C(Selling Price)

2.Investment A/c Dr.
To P&L A/C(profit)

Why The difference??????