A bearer cheque for Rs. 95000 is issued to an employee of a college for a flood relief programme organised by the institution's teching and non-teaching staff. It is the sum of money they promised to contribute, which would be deducted from their next month's salary. How does the transaction would be recorded in the books of accounts of the college?

One question related to blanket overhead rate ....
Assume there are two departments , dept. A ( absorbing overheads on Direct material cost basis) and dept. B ( absorbing overheads on direct labour cost basis). Is it possible to divide *total overheads of entire factory* by the *SUM of DM cost of dept A and DL cost of dept B* to get blanket overhead rate ? If not, why not ?

Suppose owner invest capital in business Rs 60000 .with this he has made huge profit of Rs 120000. In the same year we withdraw the amount of Rs 70000 which is more than the capital amount .what is accounting entry to be pass .

Sir,
Asses maintained private hospital two different places single proprietorship
2 nd hospital Fees collections amounts from patients through on online mode 1st hospital maintained bank account credited
Query:
Assess above fees collections from patients transactions 1st or 2nd hospital accounting books entry passed is correct procedure

Sir,
A doctor running a clinic two cities(main place and additional place)
If additional place fees collections amounts from patients through on phone pay main place bank account credited
Question:
Assess above fees collections transactions main place or additional place accounting books show procedure correct method.

Sir,
It assess some amount paid advance for fixed assets purpose in f.y.20-21.but invoice received and fixed assets purchase in f.y.21-22.
Question:
Assess above fixed assets transactions accounting treatment in books two years.

sir,
A individual status business person un accounting cash balance Rs: 50 ,000/- difference show in books.
cash balance as per accounting books rs:2 ,50,000/-
cash balance as per trade rs:3,00,000/-
Query:
A person how to adjustment procedure un accounting cash balance rs:50,000/- in books.

Is Good will of a company is considered in calculating the net worth of a company?

How a Good will is calculated?

If a company's net worth is 1 crore, how banks give loan worth of 10 crore?

Dear Sir / Madam
We have a branch office in Bangalore and we are paying expenses like rent salary and also creditors payment of Bangalore Branch office, from our Kolkata Head office Bank account. Please guide me about the Accounting entries.
Regards
Shomenath Pyne

We have purchases tally software. It is to be capitalised Or exp. Pls reason to be specified.