dear all,
i purchased a capital asset for 25,00,000/-.
now the bill i received is inclusive of:-
-machine value
-vat
-freight

but these items are not shown seperately in the invoice i.e 25,00,000/- is inclusive of all these items.

so my query is whether should i claim freight of 1,00,000/- as an expense or consider it to be in machine cost i.e to capitalize the whole amount??
(the supplier had provided me the copy of bilty from which i came to know how much is the freight paid by the supplier)

what is the PERSONNEL EXPENSES?
what are the expenses included in PERSONNEL EXPENSES ?
Is it office expenses or selling &distribution expenses?

waht is the difference between advtg & marketing exp?
how following items will be under following a\c
1.stall rent (book fair)
2.exhibition exp
3.exhibition/stall rent
4.advertisement exp
5.agency charges (export)
6.brokerage & commission
7.commission
9.credit card charges
10.discount
11.display rent charges
12.foreign tour exp
13.foreign tickets &other exp
14.foreign exchange
15.sales promotion

hello!!! i have got a query regarding discount on debtors and creditors as to why are they recorded in P&L A/C,aren't they concerned with trading,what I mean to say is why aren't they recorded in TRADING A/C BY DEDUCTING FROM PURCHASES AND SALES RESPECTIVELY???
PLEASE EXPLAIN THIS TO ME IN DETAIL....PLS

-THANKING YOU IN ADVANCE!!!

hello!!! i have got a query regarding discount on debtors and creditors as to why are they recorded in P&L A/C,aren't they concerned with trading,what I mean to say is why aren't they recorded in TRADING A/C???
PLEASE EXPLAIN THIS TO ME IN DETAIL....PLS

-THANKING YOU IN ADVANCE!!!

Can anybody tel me which book to refer for IPCC accounts group 1 & 2 and for FM also??

Bill of entry Rate R50/$ Stock valuation at Rs-50
On date of Payment Rate Rs55/$

Whether difference of Rs-5/(55-50) consider for stock valuation? (company not enter any hedging contract)

Sir,
If I receive a amount of Rs.50,000/- the party deducted TDS of Rs.5,000/-, in my account which ledger acount in under what group is to be created?

Thanks

sir,

i am working as a Accountant in manufacturing company. i want to know the Meaning of Share Capital& Share Application money and also difference between Share Capital & Share Application Money with examples kindly solve my problem.

Thanking you sir,
yours faithfully
v.nagaraju

Respected Sir/Madam,

In LLP partners contributes money & run business & want his money back on there will.

but i want to know the process obtained by the LLP for distributing the profit & what is the share of short term partner who invest his money not more than 1 month.