a mobile recharge shopkeeper received value amounting Rs 50000 from Reliance to recharge customer's mobile no. & he treated the above mentioned value as his purchase. if some amount is still left at the year end, can we treat that amount as closing stock.

Here is a query :
"Mr A" opens a Savings Bank Account in a certain Bank. He signs as "Mr B". Will it be a valid signature ?
Does a Bank Manager have authority to ask Mr A to sign as "Mr B" only as he is Mr A and not Mr B ? Isn't it infringement over the right of a customer ?

its a practical question
FA opening value is 90625.26
addition on 14/08/2013 is RS.20000
and a claim received on 19/03/2014 Rs.200400

how to show these transactions in statements& its income tax application??

I completed m.sc computer science in 2008 and worked as software engineer for 2 years. Now I m house wife and I would like to restart my career in CA. so I would like to know basics and where to start plz guide me..

A person retired from bsnl job in 2011 and now he came to know dat his wife was affected by CANCER. And under going treatment . He is paying amount from his own hand , is der any deduction available in special for him, or any best wat to suggest

Dear sir Good day Am deepanshu, Sir I have some doughts in tally , I joined in a company at the time of a bad cultivation in accounts,company didn't make any proper account.at that time started to use tally erp 9.. i jest give all the opening balance such as debtor's creditor assets its now in my balance sheet showing a difference in op balance how I need to solve the problem kindly request you to advise me regarding this waiting for your reply

Pls tel me that what is the cash purchase limit in particular day in private limited company

Dear All,

What will be accounting treatment if i have usd account and payment received in that account no conversion in indian rupee. Ex. sales book at 58 and realization at 61 but all in usd account.

I have to pass necessary foreign exchange entry or not. if any case law please suggest or any other supportings.

IF PROVISION TO REPAIR IS GIVEN ON THE CREDIT SIDE OF TRIAL BALANCE AS RS,6000/-AND IN THE ADJUSTMENT IT IS GIVEN PROVISION FOR REPAIR WILL BE RS.1500 PER YEAR. ON THE DEBIT SIDE OF TRIAL BALANCE REPAIR CHARGES TO MACHINERY OF RS.2000 IS GIVEN.WHAT ACCOUNTING TREATMENT WILL BE GIVEN WHILE CALCULATING FINAL ACCOUNTS.



KINDLY HELP ME IN RESOLVING MY QUERIES.

We bought a machine in another country for R15 000 through our financial institution (Bank) , but when the machine was finally delivered the amount was now R10 000.00 . What is the proper accounting treatment of the difference of R5 000?

We are the government institution not involved in the foreign exchange trading .