Dear Sir,

I have sold one LED only of desktop PC in Rs. 2000/-, which was bought in 2011-12 with complete desktop pc as LED, Mouse, Keyboard, everything. And now after depreciation, its value is Rs. 5000/- in ledger account. Pls guide me how to treat of make the entry of this transaction with example.

DR CR
DR CASH 2000
CR COMPUTER & PRINTER 5000
DR PROFIT & LOSS 3000

But sir with above treatment the total computer & printer head or desktop asset would finished from books. Then pls tell me how to treat it.

Hi
Friends
Example :Mr.X is invested in ABC Company the company is closed but the company not paid any shares amount to Mr.X .

Then how Mr.X can close in his books by passing Journal entry .

We Purchased Assets for Branch in USA when $ rate was Rs 40 But, Now $ rate was Rs 60/- So, when we are incorporating Translation Loss with HO A/c It is affecting HO profit & Loss.
How to come over of this pls refer supported by case Laws ?

Dear All,

My company has increased its share capital and accordingly paid stamp duty as per the rules of Rs. 20,00,000/-.

I have doubt about its treatment of accounting and also whether it should be expense off or should be proportionately expenses off over the period??

& also guide accounting treatment if Foreign Exchange Gain occured in share application money received from NRI .


Please guide.

Thanks

SIR HOW TO CHANGE FINANCIAL YEAR IN TALLY THAT MEANS HOW TO GO FOR NEXT YEAR F.Y.14-15...AND IF WE WANT TO MAKE CHANGES IN 13-14 WILL BALANCES IN 14-15 WILL AUTOMATICALLY CHANGES OR NOT..??..LIKE OF LIABILITIES AND ASSETS..

THANKS

WHAT ARE THE REASON TO PREPARE TRAL BALANCE.
WHAT ARE THE FUNCTION OF TRAL BALANCE

Q. amount recd from Govt. of rajasthan to a local body (muncipality) for construction of a boundry wall Rs. 60000. And cost of constructed boundry is 425000. Both transaction are in same year and both party are Govt. institution.
what accounting treatment that I should give in books of accounts of muncipality. And which accounting standards are applicable on this

plz help urgent

why fictitious assets are written off at the time of amalgamation??

A Pvt Ltd Co. has not recorded a bill in the preceeding Financial Years on which VAT is levied. But the Co. has made the payment to creditors on 06/01/2014 through cheque. We are Builders & Developers eligible for Composite Scheme on MVAT.i.e. we are not claiming Input Tax Credit.

CAN A PVT. LTD. RECORD THE PURCHASE BILL OF PRECEEDING YEARS IN THE FINANCIAL YEAR 2013-14 ??

I am doing a reconciliation of creditors as at 31st Dec,2013. I am taking our company's book balance as at 31st dec,2013 but is it necessary to have supplier statement also from them as at 31st dec,13 because if i will not receive the statement from supplier as at 31st dec,13 but may be before date from there also I can retrieve our balance as at 31st dec,13.