Dear Sir,

What will be the accounting entry in the books of individual where glass has been broken which was purchased for flat and has been capitalised in flat under fixed assets .

And also please tell the accounting entry for the amt recd from insurance company twds furniture insurance claim on account of broken glass.

Regards

Ravi Konda

Accounting of free sample of goods distribute????

co is making a invoice for free sample but the value is showing nill.
for example
purchasr 100 units 10000 /-
sale 50 units 5000/-
free samples 10 units -
closing stock 40 units 4000/-
sale no profit no loss
gross loss 1000/-

Dear Sir

If the comapny paid an amount of 4 Lac in AY:2009-10, relating to previous year without have any provision in the previous year B.S, admittable as cureent year expenditure. If so how to admit it.

DEAR SIR,
WHAT IS THE PRIMARY PURPOSE OF THE JOB OF A ACCOUNTANT

Raw material lost by fire at our factory

what is entry passed in books of accounts for 2009-10.

reply with accounting heads

Respected CCI member please heip me regarding valuation of closing stock of trading partnership firm of stationery .


Opening Stock NIL
Purcahse 489475 , sales 259590
Direct Income 8601,

Can any one help me for finding out gross profit and closing stock amount.
And i also want to know what should be gross profit and net profit ratio in trading business.

can you please explain the term
REPORTING PERIOD, RELATED PARTIES AND REPORTING ENTERPRISE

AT THE TIME OF PHYSICAL STOCK VERIFICATION FOUND EXCESS STOCK IN SOME ITEMS AND SHORT STOCK IN SOME ITEMS AND CAN'T FIND THE REASON FOR IT. THEREFORE REQUIRED ADJUSTMENT IN CONSIGNEE ACCOUNT.

WHAT IS THE ACCOUNTING TREATMENT TO ADJUST THE EXCESS STOCK AND SHORT STOCK?

Respected CLI member Sir,

How to adjust negative debtors and creditors if shown in books of account.

Thanks in advance