When fixed assets depreciated every year. And its value comes down zero.
How to show this fixed assets in the Balance Sheet of the next year.

As per AS-5 does every activity distinct from ordinary activities should be disclosed as extra ordinary items? E.g gain/loss on sale of fixed assets, rent received on ideal property, interest received on bank.

we have incorporated newly company and directors are having mutual agreement that they will not withdraw salary of few months and only for remaining months . is it possible.

I have a query:

this is the first accounting year for a pvt ltd company. depreciation as per books is Rs. 200000 and as per IT act is Rs. 300000. then will it create DTA or DTL. please guide its very urgent as the last date of filing ITR is very near. my colleague suggested tht it will be deferred atax liability on Rs. 100000 (diff due to different depreciation) is this correct

what is secured & unsecured loans & what is different between secured & unsecured loans. pls help

Dear Sir / Madam / Friend Pls tell me how many marks will be alloted to chapters in Accounting (PCC).

sir

we have running an education institute. In which we received tuition fees from students for distance and regular courses. We give rebate in fees to some poor students.

please tell in which head we take this rebate expenses. can we take it as scholarship expenses????? or tell me the right head.

I would like to know what are all the parameters to be taken for calculating 'NETWORTH'.

I'm taking the following
a) Paid-up Capital b) Share Application Money
c) Reserves & Surplus

I have noted that the sum of above to be subtracted by miscellaneous exp n.w.o.

Pls confirm.

our company has paid expenses through cash and now it is showing negative balance.
what should we do.

what should be the entry for cash brought into the newly incorporated pvt ltd company