I(Individual) purchased a plot and took a loan for Rs. 50 Lacs. EMI is rs. 1 lac (Principal 25000+ Interst 75000). I accounted in my books as plot under fixed assets for Rs. 50 Lacs.

Please clear what will be treatment of Interst paid under EMI each month? Should it be shown under drawings and less then capital? I am a salaried person.

if we gives prompt pymt dis. to exort customers, dis should be debited to p&L or deducted from sales.
As nt a trade dis. should be debited to PL instead of reducing from sales.
But is there any backup fr this?? is the treatement we gives in PL is covered anywhere in AS or elsewhere??

Banks in India offering 8.5 to 9 % interest for fixed deposits.

Mutual funds are subject to market risk. Eventhough an average how much percentage
we will get as interest per year.

At present, which is the safe & best mutual fund scheme in India?

How we make accounting entry in accounts software for mutual fund interest receivable?

Banks in India offering 8.5 to 9 % interest for fixed deposits.

Mutual funds are subject to market risk. Eventhough an average how much percentage
we will get as interest per year.

At present, which is the safe & best mutual fund scheme in India?

How we make accounting entry in accounts software for mutual fund interest receivable?

Banks in India offering 8.5 to 9 % interest for fixed deposits.

Mutual funds are subject to market risk. Eventhough an average how much percentage
we will get as dividend per year.

At present, which is the safe & best mutual fund scheme in India ?

How we make entry in ERP software for dividend receivable ?

Banks in India offering 8.5 to 9 % interest for fixed deposits.

Mutual funds are subject to market risk. Eventhough an average how much percentage
we will get as dividend per year.

At present, which is the safe & best mutual fund scheme in India ?

How we make entry in ERP software for dividend receivable ?

Hi can any one suggest me solution for below
situation
A company capitalised its asset for Rs. 10,00,000 and closed its financials for 2007-08. In 2008-09 while reconcilation with party accounts, it found that actual asset cost was Rs. 15,00,000.
Now what will be the accounting procedure for this situation

accounting of rs. 2 crs incurred on furnishing of office which is taken on lease for 20 years..

as the buildling is on lease for 20 years and land is not owned by us.....how can we account the cash out

A company capitalised its asset for Rs. 10,00,000 and closed its financials for 2007-08. In 2008-09 while reconcilation with party accounts, it found that actual asset cost was Rs. 15,00,000.
Now what will be the accounting procedure for this situation

Dear Sir,

Pls, give me balance confirmation in excel formet.

Thanking you
Harish
09313022338