Resp. Sir,
I want to know the detail information about the difference between current account & cash credit account & also
why the people opened cash credit account instead of current account..
the above question is asked by Accounts General manager in one of my interview

Pl. help me in this matter
how can i get the exact information
pl. tell me in detail
Thanks
Vinay Kulkarni
vinaykulkarni87@gmail.com

A Fixed Asset purchased at Rs.10 Lacs and a discount of Rs.1 lacs received from the Vendor. At what amount should the assets be recorded in the Books and on which amount should the depreciation be charged i.e. at Rs.9 lacs or at Rs.10 lacs?

Plz. answer the following :-
If any business receives Good which is Asset to the business as an Incentive what should be the proper journal entry?Should the value of the Asset is to be written or only Re.1/- is to be written?

i.e. Asset A/C......Dr. 15,000
To Incentive Received A/c 15,000
(say valuation of the Asset is Rs.15000/-)

OR
Asset A/C......Dr. 1/-
To Incentive Received A/c 1/-

Dear All,

It will be highly appreciable if somebody makes me available this information to me.

I want to book consumption exps in tally by affecting inventory.Now debiting consumtion exps...is okay...crediting to which account ?if item is opened as a ledger for creditiing that item ledger then it will show minus figures...to set off this have to pass other entry from inventory ....is there any other way to book this entry ?

Suppose, I have a contract to sell 10000 units of goods @ Rs.40/- p.u. and at the year end I have 6000 units in hand. Now at what price I will value the inventory at the year end if its Cost is Rs.45 and its market NRV is Rs.44.
What will be your answer if contract price becomes Rs.46/-?

Hi,

I have to give presentation on our GL team which include following points:
• Activities handled
• Regions handled
• Team structure
• Volume handled
• Process changes since last month
• New processes in transition phase
• New joinees
• Challenges
• Process improvements

Can u pls provide me any format for this presentation.

What will be the appropriate accounting head for purchase of Router Firewall and Modem.

sir water dipensor is fixed assaet or not pls tell me .............

we are c&F agent & distributor firm of petroleum company.we receive commission from petroleum company.we are also reimbursed for expenses by petroleum company.i want to know whether we can show that reimbursement as income in account books or whether it is a expense.i show reimbursement as expense. i have opened reimbursement expenses a/c.

Hi
what is deferred expenditure and if company spend 200000 on deferred expendture and want to write of with 4 years what would be journal enteries every years. Please tell me

Monia