WHAT IS THE TRUE MEANING OF NET WORTH? IF A COMPANIES INVESTMENT'S MARKET VALUE IS HIGHER THAN ITS BOOK VALUE THEN DO WE HAVE TO CONSIDER IT IN CALCULATING NET WORTH? AND IF A COMPANIES DEPRECIATED VALUE OF FIXED ASSETS IS LOWER THAN THE BOOK VALUE OF FIXED ASSET THEN DO WE HAVE TO CONSIDER IT IN CALCULATING NET WORTH? PLZ HELP........

If A is a employee of compny his salary is 50000 Rs per month deduction is tds 10000 rupees & pro. tax ix is 300 rupees. then how to enter in journal & payment voucher in tally ? Which ledger is created & who is debit & credit in entries

Hi If i am a Broker, how should i value shares which are stock in trade??

And Which AS to apply??

Thanks in Advance

Can anybody provide me a sample letter for loan forgiven by Director to the company.

We are a builider. We construct the residential houses and commercial complexes. AS 7 is appicable in this case??? if any then how?

If not applicable then how i recognise the cost and revenue from the business??

while calculating loss of gross profit on annual turnover,which year annual turnover is taken ?

Dear Sir, In projected Balance sheet how we consider the Cash & Bank Account. Suppose if we wish fixed assets addition then also creditors will be raised but what will be the position of cash & Bank in our Balance sheet . It will be as actual or also some projected?

I will be grateful to you.

Dear memebers i have one query regarding as-11
SUPPOSE A COMPANY HAVING EEFC ACCOUNT...
IT HAVE ENTERED INTO A TRANSACTION WITH FOREIGN COMPANY AND THERE IS LIABILITY OF 100$ AT RATE OF 1$=RS.45 ON DATE 09/02/2010..
ON THE SAME DAY IT HAS CLEARED THE DEBT ON THE SAME DAY..THEN AT WHAT RATE the transaction is to be identified..is there any effect for eefc account

Point No 1:Can we lock past tally entries say 01.04.2009 to 31.01.2010?

What I mean these 10 months accounting should not get modified in any case?

Like back dated entries can't be modified.

Please help.

Point No:2 Tally help menu is not appearing in Tally gold multiuser

If a company is involved in designing work then computers become the asset on which the designing is done. So should it be shown under computer A/c or it should be shown as Plant & Machinery ?

Further the design software used is more expensive than the computer itself. So how do we account for the same? Do we treat it as part of computer or do we show it as software only?

Further the software has a subscription period of 1 year after which it may have to be subscribed again. How to account for the same?