1 For Example if AMC charges for 12 month =Rs37278
2 Amount Paid During the Year=Rs 18000
3 Prepaid Expenses for 10 month=37278/12*10=31065
so what is the Entry??

Expenses A/c dr 6213
Prepaid Expenses A/c dr 11787
Amount not due A/c 19278
To Bank A/c 18000
To Payble A/c 19278

Hi

Please give me the full details of MAT. and how to calculate the MAT and for which type of organisation it should compulsory to calculation.

dear sir / s,
we are starting i new project of constructing residential apartments. Can anybody provide me tailor-made Construction Progress Report in excel format, then i will be highly obliged.

thanks in advance,
anckoor.

Sir,
An old fixed asset whose WDV was equal to 5% of original value (no depreciation can be charged further) has been sold for profit and now returned back (rejected by buyer). what should be the treatment??

whether I increase original cost and accumulated depreciation or simply treat this return as new addition???

Also if I treat it as new addition, can I charge depreciation on it as it is new addition????

Ram of Mumbai sends out certain goods at cost plus 25%. Invoice value of goods sends out Rs.20,000. 4/5th of the goods were sold by consignee at Rs. 17,600. Commission 2% upto invoice value and 10% on any Surplus above invoice value commission amount will be

Ans: Rs.480

Please tell how to Calculate?

Dear Sir/Madam

Opening debtors- Rs.50,000
Total Sales- Rs. 50,000
Cash received from debtors- Rs.30,000
Cash Sales- Rs.15,000
Sales Return- Rs.3,000
Bad Debts- Rs.7,000
Bills received from customers- Rs.15,000
Debtors at the end will be

(a) Rs.1,40,000 (b) Rs.1,30,000
(c) Rs.1,20,000 (d) Rs.1,50,000

What is the answer and how to calculate?

Dear Sir/Madam

R%ajesh of Ramnagar sends out goods costing Rs.2,00,000 to Gopal of Gujarat 3/5th of the goods were sold by consignee for Rs. 1,50,000. Commission 2% on sales plus 10% of gross sales less all commission exceeds cost price. The amount of commission will be

Ans: Rs.5,454.54

Please tell how to calculate?

Dear Sir/Madam

Debit balance as per cash book of Shyam enterprise as on 31.3.2006 is Rs.1,500. Cheques deposited but not cleared amount Rs.100 and Cheque issued but not presented of Rs.150. The bank allowed interest amounting Rs.50 and collected dividend Rs.50 on behalf of ABC enterprises. Balance as per pass book should be

Ans: Rs.1,650

Please tell how to calculate?

Can any one provide details about IAS of various corresponding AS.
Foe Eg. AS-3 is cash flow statement and IAS -7 belongs to cash flow statement.

And is india is going to change from Accounting Standard to International accounting Standard?

TOP URGENT

Dear Team,

While calculating the net worth, whether we need to deduct the outside liabilities & unsecure loans from the assets?