What is the step by step correct way of finalization of a/cs.? What imp points/mistakes that should be keep in mind while finalisation of any company/organisation's final a/c.

What is the step by step correct way of finalization of a/cs.? What imp points/mistakes that should be keep in mind while finalisation of any company/organisation's final a/c.

Respected All,

In the F.Y. 08-09, a company wrongly treated deffered tax asset as a deffered tax liability in accounts.

How will the company rectify this mistake in the Balance sheet of 09-10.

Please explain the disclosures to be made in the Balance sheet and entries to be made in accounts.

Regards
Jyoti

if i sale car on loss than what will effect on p& l and how to apply depreciation on asset.
Exp. Car Opening Balance 185000 and I sale at Rs75000 .
Problem
1. loss on car would be charged from P&L.(Y/N)
2. Depreciation Charge on loss of asset or opening balance of asset.

Pls Suggest me.

PROFIT FOR YEAR 2008-09 RS 10000 TRANSFERED TO RESERVES AND SURPLUS A/C.NOW IN 2009-10 IT IS SHOWING OPENING BALANCE .WILL IT CONTINUE AND THIS YEAR PROFIT WILL BE ADDED TO IT ? HOW THIS OPENING BALANCE IN RESEVES AND SURPLUS OF PROFIT IS ADJUSTED IN PVT LTD COMPANY.PLZ EXPLAIN.

A COMPANY HAS GIVEN AN ORDER TO MAKE AND FIT WOOD WINDOWS IN ITS OFFICE PREMISES.ORDER AMOUNT RS. 10000 WILL BE CAPITALISED?OTHER SMALL EXPENSES BY COMPANY TO COMPLETE WINDOWS(TO PURCHASE ITS MATERIAL) IN DIFFERENT AMOUNT ON DIFFERENT DAYS (OF AROUND RS 1000 ) WILL ALSO BE CAPITALISED ?
OTHER SMALL AMOUNTS WILL BE GIVEN 100% DEPRECIATION OR WILL BE ADDED TO RS 10000 AND WILL BE GIVEN DEP. AS SAME AS TO RS 10000?

Please pardon my English and accounting knowledge:

I have two Types of indirect expenses, related to current year, but that will only due next year (not Bad Debts & Discounts, and first one repeats every year and second one only once and no more).

I can’t calculate the exact amount of these expenses right now.

Do I have to make any provision/out standing a/c in current year to meet these expenses? Then how I assume the volume of provision?

What are the entries to be made in current year and next year of account books up to the payment of these expenses? After the payment, if any excess/short in provision a/c, what will be the entries to clear it?

your ealry reply will highly be appreciated

Thanks

Please anybody can send soft/model copy of Project report for Pharma industry,,,,,,,urgent(excel wid automatic updates via input sheet) and what r the rules we should follow for preparing project report i.e.sales/increase/expense increase/capital budgetting etc....
my mail id z eashwar.vg@gmail.com


Thanks N Regards

pl. advise me about the nature of expenses, with details, which may be incurred by a person engaged in the profession of modelling and under which heads of expenses these can be presented in the profit and loss account.

PLS SUGGEST ME THE BEST WAY TO SOLVE THE ACCOUNTING PROBLEMS. SO THAT I COULD NOT FORGET ANY POINT OR ADJUSTMENT

PLEASE HELP ME FOR GETTING IPCC CLEAR.