Accounts QnA - Page No 894

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Anonymous

14 February 2013 at 11:27

Property tax

In which head property tax should be posted in accounting books?

sakshee

13 February 2013 at 23:22

Accounting fandamentals

Respected experts plz solve my query

what is the difference between EVENT and TRANSACTION ?

Anonymous

13 February 2013 at 18:40

Conversation of ecb in to equity

What is the treatment of gain or loss on conversation of External commercial Borrowing in to Equity??

Anonymous

13 February 2013 at 18:09

Sales invoice & tax invoice ?

Hi

I m Confused with what is the difference between Sales Invoice And Tax Invoice?

What if Goods are exempted from Tax ? will it be a tax invoice or sales Invoice ?

ashok bhurani

13 February 2013 at 16:41

Accounting standard 18-related party disclosure

Kindly help me on the following:

Whether HUF the karta of whom is also director of private limited company, can be considered as related party for that private limited company.
e.g. Mr. A is karta of ABC HUF as well as director of XYZ Private Limited. Can ABC be considered as related party to XYZ Private Limited.

HARSHIT JAIN

13 February 2013 at 12:48

Capitalization of fixed assets

Sir,
kindly tell me than when an asset must be capitalized, its date of capitalization & Threshhold limit?
also if any major repair is undertaken what would be the criteria?

Asawari Malhotra

12 February 2013 at 22:59

Inventory

Hello sir, please explain:- " the inventory a/c might be changed to bring them in line with the actual number counted during a stock take, at the same time, the expense a/c associated with the usage of inventory be adjusted by an equal and opposite amount." Q) what do the mean about an exp a/c associated with inventory here ? Q) how can inventory be adjusted with the expense account ?
Pls explain in detail.
Thank you.

Asawari Malhotra

12 February 2013 at 22:51

Events

Hello sir, please explain:- what are transactions and events ? What is the difference between them ? depreciation and last year's brought forward balances are transactions or events ?
Thank you.