My Querry is that :- "in a non-manufacturing concern can Salary paid to
trainee/non-permanent employee be included in Job work".

we Purchase vehicle of 500000 rupees for office use.
downpayment is 100000 rupees. loan amount is 400000 rupees. Emi is 8500 rupees.
so how to enter in purchase & payment entry. & which is voucher entry of EMI?

Vehicle Purchase in fixed assets? / Indirect expences?

Dear Sir, I have to get Cliam from Insurance company for Car which has damaged in an accident. I have got the amount less than the actual claim which is Loss for us from Insurer. Kindly give me the name for account head for Loss or may i write in our books Loss by damaged or another one?

Thanks & Regards,
Raghav Jha

Dear Sir,

Good Morning Sir, My self Vipul Baviskar From Baroda, Gujarat. I m M.com Final Student and working in Chemicals Manufacturing Company as Accounts & Export Executive last 3 years. But I have facing some problem regarding Interview. I request to you Please give me some important instructions for facing Accounts Executive Job Interview. Which Subject or Points I refer very carefully...??? I have a 3 year Experience in Accounting & Export Line, But when i facing interview i feel that i have no knowledge about accounting concepts. But i work properly in my office, but when interviewer asking me questions, i don't explain any things. so pls help me in this matter. I hope u give me good Suggetions regarding this matters as earlier as possible. My conact details mention below:

Thanks & Regards,

Vipul Baviskar
9904321283
8000579909
vipulbaviskar@yahoo.com

To whom IFRS are applicable?

If we purchase Plant machinary at 20000 rupees. then how this enter in Purchase & payment voucher? for plant machinary which group is created ?

i am an investor. I sold my shares some of them long term and some short term.this amounts to Rs 2,06,750.
As per income tax act i can adjust this loss in the following year,but my question is how to place this loss in the balance sheet.kindly help

What is the treatment (accounting and tax) for discount received on payment towards fixed assets?

If it has to be reduced from the value of fixed assets, what should be done -

1. if the WDV of the assets is less than the amount of discount?

2. If the asset is sold before disount is received?

If the above(2) is to be reduced from the block of assets what should be done if it is already NIL?

We received goods from "A co.",but purchase order placed by our mumbai branch also payment made by mumbai branch.what kind of entries and adjustment should be done in our books and which form(C or H)should be given to whom?


From,

Rahul Dutta.
(Accountant in I.G.Mint,Kolkata)

If i have purchased a land taking a loan of 20 lacs. then what are the possible treatments available to me for the interest. Can i capitalise the interest paid on loan after aquisition of land & before repayment of loan. Or i can claim it as a deduction in P&L.. Plz tell.. if 1st option is possible as its preferable..
Thank U