MY FRIEND WHO IS IN FINAL COURSE SAYS ME TO PURCHASE THE NOTES & SOME MATERIALS FROM POOJA LAW HOUSE.
I AM A IPCC STUDENT.
PLEASE HELP ME TO KNOW THAT SHOULD I PURCHASE IT OR NOT.

how should one post this transaction? the total cost for this was Rs. 95,000 as it was made of aluminum (incl. fixing cost) should this be taken into assets. if so, under what head? pls. let know.

I was just going to register for the ICWA course but I have a doubt that its not a gud course m saying so at last moment coz someone (a CA student) discourage me that cost & work accountants works in factories coz their work is of budgeting.

Which of the following date is relevant for enter Import Purchase in our Account??

1. Date of Purchase Order
2. Date of Bill of Supplier
3. Date of the Goods Reached to the Port/Airport
4. Date of the Payment of Custom Duty
5. Date of the Goods enter in out Godown

Also which days exchange rate is relevant for accounting of Import purchase?

Kindly give reply as early as possible.

Dear Sir,

Our partnership firm, managing partner giving the money to the firm and taking the money ? how to pass the entry for this situtation ?

P N Murali

In income and Expenditure Account have any Recievables and Paybles include OR its just like Profit & Loss A/C. It is for a Hospital accounting

Respected Sir,
i want to know that if any company purchases any assets costing Rs. lessthan 5000 then 100% depreciation will be chareged even allready company is having such assets account in thier books ?

Pls mention the case laws /eny other thing for supporting the answer

Dear Experts,
Can anyone give the diff between trading a/c and memorandum trading a/c and also between b/s and memorandum b/s

Thanksin advance

I have bought one car for Rs. 5,00,000. Every year i am charging depreciation under SLM. One day asset value become zero. But Asset is with me only. How to show the same in the books of account? What is the Journal Entry?

Hello friends

Can any one tell me what is the Difference between IFRS , IND AS and IAS.


My understanding is that IND AS are modified form of IFRS. And has been modified by our Institute. Am I right?