If there is import of fixed assets & such fixed assets are lying in bonded warehouse.
how such assets will be treated in books of accounts?
whether such assets will be shown as fixed assets since risk & reward are transferred by vendor.
what about depreciation as per income tax act & companies act.

Dear All,

Anyone having any article regarding Accounting of Software companies (MNC) especially for GL Accounting (i.e.nature of transactions,process involved etc). Please forward me immediately.

Thank....

Please let me know
:

1)a)what entries are passed when provision is made for debtors
b)how they are reflected in final statement.

2)a)what entries are passed when debt written off after making provision

b)how they are reflected in final statments of accounts.


Please answer all questions separately.


Thanks

it is my simple question to all where is the gratuity fund in the real sense
if a person gets retair where he will ask for the gratuity.

who will pay the employee the gratuity

where is the gratuity in the balance sheet

Wht is the role of insurance company in this gratuity


Wht u think is the Gratuity liability of company or an asset of it

answer the questions

it is my simple question to all where is the gratuity fund in the real sense
if a person gets retair where he will ask for the gratuity.

who will pay the employee the gratuity

where is the gratuity in the balance sheet

Wht is the role of insurance company in this gratuity


Wht u think is the Gratuity liability of company or an asset of it

answer the questions

Hi Experts,

If an Organization has purchased any Computer Software like Tally; PayPac etc. Can they treat such softwares as Assets for the Organization..?...... If Yes... Then what will be the depreciation rate on that..?

Also, What will be the prosidure of Physical verification of assets..?

Thanks,
Vijay

we bought a laptop , i want to know the maximum numbers years for depreciation under straight line method.

pls reply to uvbr@rediffmail.com

FOR BETTER PRACTICE I NEED SOME PRACTICAL QUESTIONS OF ACCOUNTING STANDERDS...SO PLZ PROVIDE ME QUESTIONS OF AS.....I WILL THANKFUL TO U........!!!!!!!!!

what are the points to be considered while preparing a project report of a trading concern.



please send a proforma project report of a trading concern to


psrinivas1 @ in.com

Suppose We purchased a Land on 01-01-2008 for Rs 1 lakh and at the end of the Year Market Value of the Land is Rs 80000 Then Waht Journal Entry is to be Passed Please let me know the answer