our firm is doing screening & printing of saree business.foe which we need lignite & we purchase it from GMDC.for which there an ajent who book lignite at gmdc & pay the amount on our behalf. at that time he issue debit note regarding booking charges of lignite.when we get the dilivery of lignite gmdc make bill on us and return the differance amount of booking and bill to us.now what accounting entry should be passed for above transaction.
we have credited agent's a/c on reciept of debit note & make the payment on debit note.now how to make entry of gmdc bill. pls help me.

dear sir,
before two year i had crated my broker a/c with op.balance of rs.25000/- but orignally it was 0 rs.in this year i want to correct my entry.so what entry i have to pass in tally?

Anyone can please provide me guidelines & also format to prepare CMA data for a real estate project financing...
My mail id is mk.sr.kp@gmail.com
waiting for positive response,
thanks is advance...

How to take a depreciation when we make block of assets a/c. of any fixed assets for example..
Car A/c.
opp. bal. Rs. 213993
Old Car Sale on 15th oct Rs. 160000
New Car Pur.on 05th oct @ Rs.1030158
DP.Rate 15%.

What shoud be depreciation?

One of my client is starting a new business, at his own showroom. He wants to add some partner, to explain he want to make projection of his business.

So which format would be the best for attract new partners,

Please give me suggestions ???
which details are necessary to provide ???

URGENT

Sir
I want to know about the how to Calculate and record monthly provision for slow moving stock.

At least on a Simple Sentence. Thanks in Advance

Building space is taken on rent at Sahara Ganj mall for office purpose & its construction( furniture fixtures, sanitary work, glass work etc.) started there after.
Bills of carpainter, plumber, ply & other material are availble from july 2011 to march 2012, and according to client they started working from office around october but then also work was going on and many bills are of after that date, as no particular asset is purchased so that i can capitalise it from its put to use (i.e when actual working of office started). Problem is how should i divde(capitalise) whole expenses in to assets such as furniture fitting, building etc & how should i charge depreciation as per companies act(prorata basis) when construction work is still going on after office work started from the office, Office is fully constructed by the feb -march 2012, therefore i cant show it as Construction work in progress.

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

urgent

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

can anyone plz tell me what are the accounting entries in regard to income tax of a proprietor?
whether it is a part of capital a/c or should i show it as a TDS Receivable in current asset?
plz its urgent..........