Dear members,

I have a partnership firm. We have given contract for Security Guards to a private Agency. My query is that in which head I can book the payment made as salary to the security guards. Can I book it in Salary Account?

IF WE MADE PROVISION FOR BAD DEBTS THEN IT WOULD REDUCE THE BALANCE OF DEBTORS AND WOULD GET DEBITED IN P&L A/C.BUT IF IN THE NEXT YEAR BAD DEBTS DOES NOT APPEAR OR APPEARS LESS THAN THE PROVISION THAT WE CREATED ON DEBTORS AND MONEY GOT COLLECTED FROM DEBTORS , THEN WHAT WOULD BE THE TREATEMENT OF THIS EXCESS COLLECTION FROM DEBTORS AS THEY ALREADY GET REDUCED IN THE B/S.

IF WE MADE PROVISION FOR BAD DEBTS THEN IT WOULD REDUCE THE BALANCE OF DEBTORS AND WOULD GET DEBITED IN P&L A/C.BUT IF IN THE NEXT YEAR BAD DEBTS DOES NOT APPEAR OR APPEARS LESS THAN THE PROVISION THAT WE CREATED ON DEBTORS AND MONEY GOT COLLECTED FROM DEBTORS , THEN WHAT WOULD BE THE TREATEMENT OF THIS EXCESS COLLECTION FROM DEBTORS AS THEY ALREADY GET REDUCED IN THE B/S.

there are some following questions are given below:

1 why to g/w is revalued in retirement of partner.

2. sir, please clerify pre-invest and post-invest.

3. what is market protofolio.

please explain as such possible

rajesh/kuldeep
thanks

How to calculte D/E ratio in case where Accumulated losses are more equite Capital + reserve surplus? i.e.net equity is nagative.

Dear Sir/Madam?

Whether provision of TDS (asset side) is to be made for the provisional brokerage income for F.Y.09-10?

Actual brokerage will receive in F.Y.10-11 and TDS Certificate by party also belongs to F.Y.10-11 i.e. AY 11-12.

Is bank guaranty and outstanding LC a contingent liability? Kindly clarify

Can someone help me in giving the accounting entry for the goods lost in transit if VAT is involved in the transaction and how is the loss booked in books of accounts and when insurance claim is received, how it is adjusted.

Please tell me how to copy ledger a/cs with its closing balances (All Ledgers at A time)in Tally ERP 9 from one company to another?

is Goodwill covered under AS-26 or not