I am running an educational institute. What maximum amount at a time can i receive in cash from a student in terms of course fees at a time.I am told it should not exceed Rs.20000/-. Pl clarify

I have received excess amount from customers I have confuse what we have issued credit note or debit note ?

A company produces a product 'X'in the manufacturing process which is to be captively consumed. The cost of producing X is Rs. 20000/- per tonne. As it is, X is not marketable & therefore, market price is not known. However, further cost of processing X to convert it into final product is known & it is say, Rs. 10000/- per tonne. NRV of final product is also known & it is, say Rs. 28000/- per tonne of final product.
In this case, how will stock of X of 1000 tonnes be valued?

Pls tell me the Journal entries(with narration) relating to chapter underwriting of shares

Thanks in advance..

WHAT ARE THE TYPES OF SHARE CAPITAL WITH EXAMPLE?

Sir,
An asset was acquired by the company in F.Y.2010-11.Accordinly the cost of asset was brought in the books of accounts in the F.Y.10-11,the depreciation was accordingly charged in F.Y.10-11.

However now in the current financial year i.e.f.y.11-12, the company has raised a debit note on the supplier of the asset because of reason being that there was some delay in supplyin the asset on time in F.Y.10-11.Now the company wants to adjust the debit note amount from the cost of the asset.Is Company justified in doing so???.Becoz even the depreciation was already charged on the full amount of asset last year.


Further will it be proper to take the effect of debit note to income account instead of crediting the asset account???? coz I feel if this is done,the users of the financial statement will then get true picture of the transaction as to what has company actually received on account of delay in supplying the asset and what is actual cost of the asset.Please help me with this and let me know what is the correct treatment under relevant accounting standards,schedule VI,tax laws

DEar sir i want highseas sale invoice formate

Dear all
Weather tds has to be deducted on the whitewashing and repair charges amounting to Rs.2 lacs done by tenant on behalf on landlord.I paid to my tenant 1.60 lacs after deducting the aforesaid amount as my annual rent.what would be the entry

DEar Sir,

me import some furniture from china & nw i want to highseas sale than my sale bill vat is applicable or not me from gujarat.& i want to highseas sale bill formate

during the valuation of abnormal goods,in Trading account it will be recorded at BOOK VALUE but in MEMORANDUM trading account,it will be recorded at ORIGINAL COST..what is the reason for such valuation?