As per IAS 16, property plant and equipment depreciation should start once the asset is available for use.

Now in case of items like computers, servers, furniture, high value spares etc.. which are in inventory to be used as and when required should depreciation commence even when they are not used and just lying in store (as they are available for use and only thing is that we are not using them).

if as an LIC agent I paid my client LIP and afterwords my client reimbursed me premium amount in next year.

Can I show LIP paid for client as expenses and next year when i receive it from client can i show it as Income
OR
Should I Show LIP paid for client as Current Asset?

Diff. between bill, invoice and cash memo when these are issued to customer by a seller. and what is relevant from customer and accounting point of view? On what basis the final figure/bill amt can be made. Pls advice.

DEAR SIR
I AM WORKING IN A CONSTRUCTION FIRM LAST SIX MONTH WE DON’T HAVE ANY PROJECT . NOW THE PROBLEM IS WE HAVE SIX HEAVY VEHICLES AND WE WANT TO MAKE MAINT ANANCE OF THIS VEHICLE,AND I WANT TO MAKE DEPRECIATION ALSO
Q THE MAINT COST WILL AFFECT DEP CALCULATION OR NOT
Q1, THIS MAINT COST WHERE WE WILL CHARGE
Q2, THE MAINT COST WE WANT TO DEDUCTED FROM ORGINAL VALUE OF THE VEHICLE OR NOT. PLEASE GIVE ME THE ADVICE .
PLEASE GIVE ME THE ENTRY ALSO.

i need journal entries for
paid insurance premium Rs. 5000 for a shop
distribution of free samples Rs. 10000
loan to mudit
repairs to buildings
Please help me

Sir..
Plz guide me how to make J.E's on maintaince of Imprest Account.

Suppose I moved a cash amount of Rs 10000.00 for petty expenses in the office. What will be my J.E at the time of disbursment of this amount and how to account at the time of booking the expenses..?

Need help..

Dear Experts,

What should be the amount of bonus to be paid to an employee if his salary is increased from Diwali to Diwali?

Example : If a persons salary was Rs.5000/- in Nov 2009 & it was increased to Rs.12000/- from June 2010.

Thanks

If an employer paid LIC premium on life cover of an emplyee upto Rs. 5,000/- as a Diwali Gift. It is taxable in the hands of employee or not???

i need journal entries for
paid insurance premium rs.5000 for a shop
distribution of free samples rs.10000
loan to mudit
repairs to buildings

Dear all,
can anyone tell me what is the difference between book debts and receivables during making the credit appraisal note.