An FD of Rs.1 crore has been made.300000.00 Interest have been received in FD.FD Maturity Period is 3 Years.

My Query IS: 300,000.00 Interest Received is to Be Debited to FD or Interest Accrued.Please Say is it Accured

Entry : FD Ac Dr (deposits) to Ineterst Ac Cr (Income)

OR
Accrued Interest on FD Dr (Current Asset ) to Interest on FD ( Income)

Are the entry Right.Please Say.

Thanks & Regards

can anyone suggest me dat wch book i should purchase for accounting standards...?? i m in ipcc...

Hi all

Please tell me whether the vendor reconciliation is fully account related job and it is useful for my future career and also tell me the full description and what to do on reconciliation, i finished my B.com.

Please provide the suggestion regarding the depreciation

if we purchase a Commercial VEHICLES ON DATED 01.02.2009 AND THIS HAS ALREADY BEEN USED AT THAT TIME AND WE HAVE CHARGED 50% RATE OF DEPRECIATION AND NOW WE ARE CHARGING AGAIN 50% DEPRECIATION ON FINANCIAL YEAR09-10.
AM I CORRECT OR NOT
pLEASE GUIDED ME .

dear expert

a Pvt. Ltd. commpany having turnover of Rs 65 Lacs whether As 18 is apllicable to it or not?

Thanks

Regards

Aditya

WHAT WILL BE ACCOUNTING TREATMENT IF THE GOODS LOST BY FIRE ALSO HAVE A VALUE AFTER BEING DAMAGED? FOR EXAMPLE :- FIRE OCCURED IN THE GODOWN OF X ON 01.01.2009, VALUE OF GOODS AS ON 01.01.2009 = 10,00,000/- , COST OF GOODS WHICH REMAIN UNDAMAGED = 2,00,000/-, VALUE PLACED ON GOODS RETRIEVED IN A DAMAGED CONDITION = 1,15,000/-, X HAS INSURED HIS STOCK FOR 9,00,000/-. COMPUTE THE AMOUNT OF INSURANCE CLAIM.

Dear Experts,

i have seen many Annual Reports with abridged balancesheet. can any body tell me how can we issue abridged balancesheets, what is the procedure and conditions to be fulfilled before and after the issue of such b/s. what are its advantages and disadvantages.

awaiting your replies....

regards,
Shital

Can anyone explain me the following items with respect to goodwill?

1) Goodwill on Acquisition.
2) Goodwill on consolidation.
3) What is the accounting treatment as per Accounting Standards and IFRS?

Under which account heads the following expenses incurred in a five star hotel to be entered?

Linen
Bedsheet
Soap, Shampoo
housekeeping supplies
Photo frames
carpet
Interior design items