WHAT WILL BE THE CLOSING STOCK IF OP STOCK 512703 SALE 8889273 PURCHASE 8228149 & gp is 25% WHAT WILL BE CLOSING STOCK please provide formula also for for above calculation

can anyone plz tell me,
whether AS-22 accounting for taxes on income is applicable on proprietorship business also???

urgent

can anyone plz tell me,
can we show all the given below accounting entries through capital a/c of the proprietor?
tally entries:-
1) TDS receivable Dr---( under cap a/c)
to s.debtor
2) advance tax Dr---( under cap a/c)
to bank a/c
3) self ass tax Dr---( under cap a/c)
to bank
Also, how to show provision for current tax a/c entries in the books of a proprietor???

thank u

Dear all,

We have our details as under:

Unpaid salary (For 09-10): 10L
Bonus Salary (For 06-07, 07-08, 08-09) : 30L
Leave Encashment payable: 19L
Other credit balances of employees: 2L

All the liablities are unclaimed. Most of the employees have left the org without Full & final Settlement.

Please guide whether we can write back the amount in Profit & loss account or we need to transfer the amount in any government fund under any law in force in India(with references ) after a a certain period of time (like it is done in investors protection fund in case of unpaid dividends after 7 years) .

Also we have a debit balances of employees like tour advance recovery, other loan & advances. can we adjust the amount with the liablities as above.???

How to calculate TDS on Microsoft Software product Purchase?

Please to be help me out

Parvez

Dear Sir,

I have a doubt regarding the application of Accounting Standards for a supply and installation company..

The said Company is a supplier and system integrator of Electronic Security Solutions.

95% of the projects undertaken by the company have the period of 4-7 months. But,one of their project (currently running) is of 2 to 2.5 yrs of period to complete.

$ My doubt is:

Which Accounting Standard is applicable for them to recognize the revenue during the FY 2011-12. whether it is AS 7 or AS 9?

can they use AS 9 for small projects and AS 7 for their big project during the same FY?

I am an Indian Company is receivable of foreign currency for sale of services. My sister concern received the money on behalf of me. While making journal as giving effect to debtors and sister concern should I account exchange loss (as invoice ate and today's rate are different)

some export sales were made to a prticular buyer and that buyer refuses to accept the delivery and becomes insolvant. The same goods are sold to another buyer but at 50% discount. What should be the accounting treatment? whether the original sales entry be reversed and the original buyer be credited with full amount of invoice or be credited with 50% of invoice value and 50% be claimed as bad dedts.

Dear All Expert,

Pl address the following issue.

One Indian Pvt ltd company has acquired substantial shares in one foreign company, which is listed outside India. Company has also enter into agreement with this foreign co. to supply of technical know how to the investor co. Investment by Indian co in to foreign co is also covered in the agreement of Supply of Know how.

Further, Indian company has appointed its nominee on the BOD of foreign co. for this purpose Indian co has paid Rs. 10 lacs to the stock exchange on which foreign co is listed as a Verification fess as per norms of foreign stock exchange.


Now,
Whether AS per AS-13, Rs. 10 lacs can be a cost of Investment of the Shares acquired in the foreign co. ??



Thanks & Regards,

Vikas

WHAT WILL BE THE CLOSING STOCK IF OP STOCK 512703 SALE 8889273 PURCHASE 8228149 WHAT WILL BE CLOSING STOCK