MUTUAL FUND INVESTMENTS SHOULD BE STATED AT COST OR MARKET PRICE WHICHEVER IS LOWER.
NOW PLEASE TELL ME IF WE HAVE 10 INVESTMENTS BUT IN CASE OF 5 COST PRICE IS LOWER & IN CASE OF ANOTHER 5 INVEST. MARKET PRICE IS LOWER .
NOW PLEASE TELL ME HOW TO PROPERLY DISCLOSE IN NOTES TO A/C.
THE CLIENT IS A PVT. LTD. COMPANY.

I want to know about ERP in various Term....

Hi
Repested Member

Can any one tell me?

I am filing return of construction business of a party in my office.

In profit and loss account they disclosed 1 crore exp. in constrution site during the previous year.

And none income is recognised and such 1 crore exp. is net loss.

So what to do for recognised income, because according to matching concept this is not right and what method to apply for recognised income.

And construction is still continue.

and alos deposit received agaisnt 20 flat is shown as current liabilities.

And also capital a/c showing negative balance i.e. repayment of capital by bank account.

Thanks in
advance sir/madam

hi... we have agreed to sell a machine to a party in october. we have not yet made the sales invoice. but we intend to taken a token advance from them. how to account for the same????

we made an advance invoice asking for advance money on the 10-07-10. We receive the advance on the 15-07-10. How to account for this???

further if the sales is made by our foreign co and if we collect the advance on their behalf how to account for it???

Dear All,

Anybody help me how to allocate overhead in Pharma companies?

If you know the Realtime Knowledge, pls help me.........

Pls dont try to tell me the Theory of Overheads in Costing like Stepping stone, Reciprocal & Non-Reciprocal etc.

Thanks...........

Dear sir,

i have a propreitory concern for which tax audit(44AB) is applicable. out of the profits of the concern i have invested in mutual funds. should the difference between the amount invested and the NAV of the mutual fund as on the balance sheet be treated as income/expense and accounted accordingly. will the notional gain be treated as income from other sources in my income tax returns. plz advice.

generaly we get March's salary in the month of April & there are 12 month then pl said me from which month we count our total 12 salary monthwise

DEAR SIR\MAM,
PLS.GIVE ME IMP.NOTES REGARDING CONTRACTORS ACCOUNTING .ALSO GIVE JOURNAL ENTRIES REGARDING TENDERS & OTHER ACTIVITIES OF CONTRACTORS.





JITENDRA JAIN.

Dear Experts,

Can some one suggests me how to keep personal Balance-sheet and other financial records.

Please enclose Formats for Balance-sheet, Bank/Cash Book, Ledger etc in excell .

regards

Hi friends
Am going to pay Rs1500000/- for lease of one building for 6 years . What are the entries i should made in my books of account . Myne is Limited company.