Sir, I am doing the Stock Audit of one company (Manufacturing Concern) on behalf of the bank. Can anyone please clarify me whether Depreciation is considered in Cost while calculating Drawing Power (DP) of the company. As per my point of view it should not be considered because first it is unavoidable cost and second only considered when plant is running at 100% capacity, but i am not sure about it. Please help me out and please provide the reasoning for your answer also and any reference from where i can also check this out.
Thanks in Advance
Waiting for response.

Whats the Difference between IND AS and IFRS/IAS?

Dear Experts,

We are contracting with one courier agency, they losses our goods in transit that would be amount of Rs.10000/-.now we deducting the amount from his bill. so how would be charge a tds on courier bill.Bill Amount is Rs.34500/- shell we deduct on Rs.34500/- ???????

Hii,

I have formed a new co on 02 march 2012. Company registration happened on 02nd march 2012.

Do i need to file return of that Financial Yr 2011-2012. i have read somewhere in company acts that for a new formed co one can start filling returns within 18month of incorporation.

Pls advice

Naresh baid

Simple Formula

25
30
TOTAL =SUM(B4:B5) A

But I would Like To Known That If Some One Insert A fig In Formula then How To Known

Eg:
25
30
TOTAL =SUM(B11:B12)+6 B


IF U SEE B THEN AMT 6 HAS BEEN ADDED IN THE FORMULA
HOW TO KNOWN THAT 6 HAS BEEN ADDED IN FORMULA THAT IS =SUM(B11:B12)+6

IN A NUTSHELL ANY FORMULA IS THERE TO KNOWN THAT 6 HAS BEEN ADDED IN THE FORMULA
BECAUSE THIS IS ONLY A SINGLE FORMULA BUT I AM HAVING SHEET WHICH HAS MORE THAN
120 FORMULA SO A QUICK LOOK THAT A FIG HAS BEEN ADDED IN THE FORMULA
HOW TO KNOW ??????????????????

Dear Sirs
A event management co.received money as grant from government Department. for a workshop releted agriculture. so I want to know that it,s our income or not? if it is not fixed assets. what entry wil pass of it ? and whitch head ?



Thaks & Regards
Rajendra

Hello All
I am Sanjay. I want to take guidance regarding the closing entries of Purchase, Sale, Closing Stock & Opening Stock. In Summary, How to close the books of accounts in Tally.
Give me the whole entries of closing.
Thanks
Sanjay

Sir,
I have a Car.
Book Value of this car is Rs.250860 as on 01/04/2012.
I purchased new car for Rs.1043722 on 21/11/2012 & Sold old car for Rs.150000 on 11/12/2012.
Sold value of Old car is including Vat i.e. net sale amount Rs.13333 + vat@12.5% Rs.16667
I am confused about depreciation.
How much Depreciation can be taken in this case?
How much amount should be credit to car account?
Please reply.
Thanks.

Is VAT added to purchases account and will it be taken into consideration for valuing closing stock?



-THANKING YOU IN ADVANCE

HELLO FRIENDS,Sometimes,the firms instead of reducing the value of the asset to the extent of its depreciation amount,open a new account "PROVISION FOR DEPRECIATION"?

WHY do they adopt this method and what is its significance or advantages?why don't they credit the asset account to the extent of its depreciation?
-thanking you in advance...