MY CLINET DEALING IN GOLD JEWELELRY. ONE DAY HE LOST JEWELLERY WORTH RS. 32 LACS AND 57 LAC CASH.AFTER SOME DAY HE RECEIVED BACK GOLD WORTH OF RS. 22 LAC AND CASH RS. 25 LAC WITH THE HELP OF POLICE.

WHAT WILL BE THE ENTRY FOR LOST JEWELLRY AND CASH IN BOOKS OF ACCOUNT.

if repairs cost is 25000, whitewash expenses are 5000,cost of extension of building is 250000, &cost of improvement in electrical wiring system is 19000 the amount to be expended is how much?reason.

A ltd is company received amount of 100000 from B with Purchase Order but wrongly made the banking & sales entry in the books of C of 100000.Now C has been sold goods worth 20000.So he is not in condition to return the goods to A Ltd and he has also not sufficient balance to pay to A ltd.Now C requested to A ltd. to bill the same goods to him for the same value(Rs.20000).Now he returned all the goods(Rs.100000) to B and gave the declaration to A ltd that he has been received the goods of the same amount from C so he will not claim for the same amount in future.
The question is :-B and C settled their matter personally but wrong impact showing in the books of B & C.
Pls give the solution.

Thanks...

additional expenses incurred during the period after fire amounted to Rs. 140000.00. The amount of the policy included Rs. 120000 for expenses leaving Rs. 20000 uncovered.

Pls Explain the meaning of Last Line

At the time of re-constitution of partnership if firm's balance sheet contains goodwill and its value at the time of re- constitution is also given and no other information is provided what will be the treatment for this.

kindly comment on the following:
1.pay back period
2.average rate of return
3.net present value
4. profitability index
5.internal rate of return

Dear Sir/ Madum

Below query is most imp for me please solve the query

Que : Glass, cuutlery etc: Balance on 01.01.2004 is Rs. 28000. Glass, cutlery, etc purchased during the year Rs. 16000. Depreciation is to be charged on the above assets as follows - 1/5 of the thier values is to be written off in the year of purchase and 2/5th in ach f the next 2 year. of the stock of glass cutlery, etc as on 01.01.2004, 1/2 was one year old and 1/5 was 2 years old. purcahse are made on 1st january.

Depreciation for 3rd Year
Ans 24200

Closing balance in glass cutlery A/c
Ans.19800

please calculate the abouve questions ans

X of Kolkata sends out goods costing 1,00,000 to Y of Mumbai at cost + 25%. Consignor's expenses Rs. 2000. 3/5th of the goods were sold by consignee at 85000. Commisssion 2% on Sales +20% of gross sales less all commission exceeds invoice value. amount of commission will be.
Ans: Rs. 3083

Please tell me that sale & purchase a/c is nominal a/c or real a/c & also tell me the nature of a/c of purchase return & sale return

WE BOUGHT RAW MATERIAL ITEM IN CASH FOR AMOUNT 50000/- ON SAME DAY ,SUPPLIER INVOICING US IN THREE INVOICE AS 17000/-,17000/-,16000- FOR SAMEDATE WE PAID SAME AMOUNT ON SAME DAY & I PASSED ENTRY ON SAME DAY IN THREE SEPRATE VOUCHERS. IS IT CORRECT OR ITPOINT OF VIEW?