Dear Sir

In which ledger I have to show ticket booking charges paying to an agent - Traveling Ex. Ledger or Commission & brokerage ledger.

what is cash loss? how can a person identifies whether a company incurred cash loss just by seeing the annual report?

Dear,

Thanks for your answer,but still i have doubt, for recording a prior period item are we need to create a new account for prior period expenses ? please give details

Should revaluation reserve on different assets be kept separately or combined?

i mean whether revaluation reserve created on upward revaluation of an asset can be used to write off the loss on downward revaluation of another asset.

Dear Sir


A and B who share profits and losses in the ratio 3:2 has the following balance capital of A Rs.50000; capital of B Rs.30000; Reserve fund Rs.15000. They admit C as a partner who contribute to the firm Rs.25000 for 1/6th shares in partnership. If C is to purchase 1/6th shares in the partnership from the exiting partner A and B in the ratio 3:2 for Rs.25000. find closing capital of C

Ani : 19000

Please How to findClosing capital of C
Regards
Girish

how we can record an undestated expenses belongs to previous year

Dear Sir

My company is not taking credit of service tax payment on any services , can I book the tax as expense.

Eg: Total rent payment Rs 1 Lac(Including ST Rs.10000), is following entry currect

Rent A/c Dr. 100000
To TDS 10000
Party 90000

let Realisable value = 10000/-
Cost of disposal = 2000/-

therefore, NRV = 10000 - 2000 = 8000/-

this NRV is shown as closing stock.

in next year when actual sale is done, how do we account for the cost of disposal in books of acounts..???

Dear sir, where do we take short term investments made during the year in cash flow statement

please inform me the how to calculate the PF & ESI on salary in pvt ltd company.