HI FREINDS

WHAT IS THE MEANING OF TURNOVER IS IT TOTAL OF ASSET OR LIABILITIES SIDE GRAND TOTAL TOTAL IN BALANCE SHEET?

dear all i want to know accounting entry in case of letter of credit . my clint has opend a lc for $ 1582000 payment will be made after 2 months. what journal entry to be passed by him now & after 2 months . pls reply

Hi
Is it mendatroy to submit the boarding pass in order to claim travel exp from company..

if we take a office on rent & rennovate it completely & purchase new furniture for it then the cost of rennovation & furniture will be capitalised or not?

Dear Sir,
During the financial year, we have purchase an asset. We availed an offer to exchange an old asset in our books for the new one purchased.
New asset = Rs.50,000/-

Less: Offer for
exchange of old
asset = Rs.10,000/-
===========
AMOUNT PAID = Rs.40,000/-
===========

The book value of old asset (referred above) is
Original cost = Rs.3,000/-
Less: Dep Reserve = Rs.2,999/-
----------
WDV = Rs. 1/-
==========

Please advise the journal entry to be passed on the above.
Regards
S. Anand

is first insurance of car should be capitalised? is it optional?

What is the JV passed for a credit note issued by the seller (Creditor)?

Hi friends,
1)What is brand value and we can distungish from goodwill?
2) Is good will & brand is one & same?

Can anyone explain me the reasons for not recognizing internal generated good will?

Please can any one advise on the journal entry for proposed dividend at the time of closure of books and then declaration of Final Dividend and payment thereof.

Should it be as below:

At the time of closure of books

Profit & Loss A/c Dr.
To Proposed Dividend (liablity)

On the date of AGM when final dividend declared

Proposed Dividend Dr.
To Final Dividend Payable

At the time of payment

Final Dividend Payable A/c Dr.
To Shareholders A/c

Shareholders A/c Dr.
To Bank A/c

Thanks in advance.