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

Sir
If i purchase a land for Rs 1 lakh and after some time i sold it for Rs 80000 because of decrease in market value the loss which i going to incurred it to be treaded as loss on sale of assets or something else please let me know the correct entry
thanks

Can you please tell the latest NPA provisions for the following

Std. Assets

Sub Std. Assets

Doubtful Assets
Secured:
Up to 1 Year
1 to 3 Years
More than 3 years

Unsecured:

Loss Assets:



Please its urgent tmrw Exams

1.kindly clarify, whether in Amalgamation process Audited financial statements of the transfer and transferee company will be required ?

2. what is the meaning of "difference between the share capital issued and the share capital of the transferor company should be adjusted in reserves" in pooling of interest method ?

1) A company incorporated on 05.03.2007.
2) 1st AGM can be held within 18 months from date of incorporation.
3) Is it compulsory to prepare B/s from 05.03.2007 to 31.03.20007?
4) If yes, whether necessary to hold AGM in 2007 itself to adopt the B/s?
5) Can we prepare B/s from 05.03.2007 to 31.03.2008 and hold 1st AGM on 03.09.2008?
6) Can we adopt B/s from 05.03.2007 to 31.03.2007 and 01.04.2007 to 31.03.2008 in 1st AGM to be held on 03.09.2008?

I want to know whether revenue stamp is affixed on every payment vouchers exceeding Rs.5000 i.e cash payment or cheque payment

Whether revenue stamp is required to be affixed on voucher for payment of Rs.6000 by cheque

Dear Sir,

I am waiting for your valuable reply.

Please explain the Accounting Standard 16 and AS 10 with illustration.

Please let me know the procedure for filing the ROC returns and what documents, things we will be requiring for the same?

Thanks

in the previous year's audit of a company

1.A liability was treated as expense and i want to show the same as a liability this year.
2.An asset was omitted altogether and this year the same has been sold.How to bring the asset into the books.

Journal entries with explanation would help.

What is the difference between fund flow and cash flow