If a person is proprietor of a firm and he shows all his acquired assets e.g.residential house, in his balance sheet of business, can he include the inherited assets e.g. property and cash in the balance sheet. If yes, what should be basis of valuation of property to show the value of property in the balance sheet.

Dear Expert

Salary is paid at in the beginnin of the month but entry was not passed. Please tell how will we record this particular transaction

Sir,
One of pvt ltd company(a) taken unsecured loan from person(B). B is taken the same amt from individuval (c). The interest on unsecured loan directly pay to 'c' by 'a'.
In the books of accounts in compnay loan is in the name of 'b'. The problem is Which I can deduct the TDS and whom to issue? Pls clarify. What entries can do?

Thanking you,

Dear all,

I purchased one machinery (fixed asset) worth 5,00,000 for establishing this machinery the following expenditure occured
1)traveling :12000
2)Porter charges 2000
3)Coffee Tea charges 200
4)Establishment charges 20000
5)Other Mis charges 3000

these all expenses can i add to machinery cost if yes Please tell me the entry

please explain

Dear all,

why should closing stock be shown two times (first time in P&L and second time in Balance Sheet)

please explain

Respected Experts,

Bill discounting and packing credit have same function & application.

Tell me the difference between the two.


Thank you.

Z ltd purchased an asset for 5 lac by issuing debenture of Rs 100 each @ discount of 20%.Wat is the amount to be credited to debenture a/c.and its journal entry

On which concept does closing stock showed in credit side of trading account?
Please Explain.

Can a person (except C.A.Or C.M.A. or Tax Consultant ) Provide accounting services in india. Because Now a days Many B.P.O. Or K.P.O.s are providing these services.

regards

rajesh

Will Telephone Allowance, Books & Periodical Allowance form part of DA for the purpose of computing gratuity?