Hi to every one

I have a query regarding Secured loans from Banks (financial institutions ) is showing debit balance in Trial balance ??? what does it mean whether they are receivable by the company or what??

PlZ clarify as soon as possible

if i am wrong please correct me

thanks in advance

Harish

SIR I WANT 2 KNOW THAT IF WE CHANGE THE METHOD OF CALCULATING A.D.D BUT ANSWER IS SAME THEN HOW MUCH MARKS WILL BE DEDUCTED IN EXAM.

THNX IN ADVANCE

we loss stock due to our cold storage out of order how can i have to book loss stock entry in tally erp 9 ????

Currently we entered an agreement as a Contractor:
1. All taxex includes in the contract value.

2. All the taxes will be paid by contractor.

3. Work includes material cost.

My Question:
1. How to raise Invoice.
2. How to make entries in the books of any type of taxex etc. which is applicable to us.
3. How to deposit applicable taxex.

Please advise me.

Thanks

What DEPB exactly
and
what will be it's accounting effect

PLS. TELL ME WHAT IS MEAN BY PRODUCT COSTING & GIVE ME SOME OF EXAMPLE

Hi,

Please say a Proprietor pays his house rent rs.15000.00 from is bank ac.Can it been shown in P/L ac as a expenses or to its drawing ac.

A prop. is engaged in caters business.

Please Reply.

Thanks & Regards

i was reading acccounting standards and came across this sentence in as-10.

in case assets are acquired for non monetary consideration then fmv of assets acquired or given up whichever is more clearly evident should be taken as cost of the asset.

My doubtfmv of asset acquired - 500000
fmv of asset given up-450000

what will be the cost of the asset ??

hi,

we have made donations to help age india in which account head under it comes pls tell me

regards,

kiran

Illustration 1
Mr. X set up a new factory in the backward area and purchased plant for Rs. 500 lakhs for the
purpose. Purchases were entitled for the CENVAT credit of Rs. 10 lakhs and also Government
agreed to extend the 25% subsidy for backward area development. Determine the depreciable
value for the asset.
Solution
Particulars Rs.(in lakhs)
Cost of the plant 500
Less: CENVAT 10
490
Less: Subsidy 98
Depreciable Value 392

my query is how is the figure of subsidy arrieved.........