Where shall keep the delivery van (Own/ Hired) expenses eg. repairing of delivery van and fuel charges in profit and loss account? in Direct Expenses group or in Indirect Expenses Group?

I want to know if a company finds its debtors turnover ratio goes up and it debtors days go beyond 90 & 120 days, what should it do?
can provide for bad debts on a presumptive basis? If so what is the criteria for the same? How to pass the necessary entries in regard to the same?

drawing is debited in partners capital account ........plz tell the second effect of drawing as per double entry system .....

while preparing profit n loss appropriation account we debit interest on partner loan , but its a charge against the profit and in order to claim deduction in income tax we should debit it in profit and loss account .....y we debit it in proft and loss appropriation account ???

in AS-2 ,Inventories,while calculating overhead recovery rate for inventory,(only fixed overhead rate to be found) a)fixed overheads are divided by normal production or actual units??
b)it is written when there is extemely large actual production,overheads are to be divided by extremely large actual units,on the other hand if neglibible production,then divide by normal??is it ttrue?
c)is there any criteria that divide by normal or actual whichever is lower?

Preliminary exp of Rs.50000/- incurred by the promoter director. what the entry should be passed in the books of company? whether the company is liable for the said dues to the directors?

any body help me to solve What Precautions to be taken while taking the physical inventory of a trading concern? How can it be tally with the inventory in the accounts using Tally Software?

We Paid advance money to party. Transaction was cancelled. so creditor ll return the money. Will they issue credit Note or debit note?

Fundamentally wat are credit note & debit nore

1.when a customer booking for a car by payinag an advance amount of rs.1000. what is the journal entry?
2.Are sales tax and VAT differentiated each other,if yes how?

Hi !

1) how to account the cash purchases in Tally i.e by Purchase voucher or Payment voucher ?

2)what evidence can i submit to the auditors in support of the above voucher for auditing of the i)labour exp ii)sand, dust purchases from unorganised suppliers ?

pls give me a solution !!