Dear sir,
Purchase & Provision account is what kind of account type, is it Nominal, Real A/c, or Personal a/c & why?
Please explain with example.
Thanks in Advance.

A company receive a govt. grant of Rs 1.00 crore.In this Rs 70.00 lacs for capital expenditure and Rs 30.00 lacs for revenue expenditure.what is the treatment in books of accounts of company?

In Working Capital Estimation.. While valuing Closing stock of Finished Goods. We take the ADMINSTRATION EXPENSES as a part of Cost of Production or Not plz. Reply....... I would be Thankful to u....

Kindly give us your best opinion

We are gone with bottling agreement with XC Company we bottle the liquor for the e.g. X company, at stiupated amount per case. Some raw material purchase by us on our accounts some by M/s X. The sales bill raised by us and fund received by us.

Kindly inform us the accounting treatment for whole transaction.

Since we are manufactuirng for another company wheter service tax liability arises.

Kindly inform treatment on material supplied by M/s X.
Pl inform the following:-

Vat credit is used by us since purchase made by us.
Whether the sale is our sale of M/s X since we are raising the Invoice. but parties and the rate decided by M/s X. and as per agreement the sales is their.

What treatment is given for the transaction for material supplied by M/s X.

We only concern the bottleing charges with is received by us.

At present we are treated the sales as our sales and purchase as our purchase wheter it is correct if wrong please suggest remedies.




Thanking you

Govind Parik

i want to do post graduation in accounts
which course should i pursue

i am an accountant

How to pass the journal entries for insurance claim received for damaged depreciated asset?

what is the maning of "uncalled laiblity on shares partly paid".and how it is a contingent laiblity

Mr. X is a director of his private co. with 95% share in it(means he has sold the co.) Now he has sold his entire share to Mr. Y. In prev. financial year there was a loan given by Mr. X in the co. of Rs. 102000. Now after sale of the shares what should be the accounting for the loan

My company has a partnership firm which is under my company's control. How should it be treated at the time of consolidation of accounts. A subsidiary under AS 21 or a Joint Venture under AS 27.

Also how depreciation shall be consolidated in this case. As deprn of my company is as per companies act and that of partnership firm is as per IT Act
Please elaborate....

What is the way to retrieve cash payment exceeding 20000 rupees in tally ?