suppose we sold material of Rs 1000 to a customer .
on the way there is a theft of material amountin to rs 100 and as per the contract ,transporter has to bear the loss

Now there are two ways

first
Debit the transporter 100 RS
&
Credit the customer 100 RS

second

sale Dr 100 Rs
Customer Cr 100 Rs
and then
transporter Dr 100 Rs
Misc Income Cr 100 RS

Which one approach is correct and why ???

I want to Know wether Every year Audit of Accounts of Flats welfare Association, & submiting of the same to registrar of socities is compulsary. please guide me.

we are providing labour as labour contractor to client not for security purpose. under the categery security services it was excluded and also excluded form man power recrutment agencies categery. we have provided this services for the period march 2006 onward without charging service tax . can any body help me out whether it was correct or we have to pay even though not received from clients

R/ Experts,
can anyone mail or suggest me, from where I can obtained the payroll in exel formate?

Thans in advance
Mail ID: scnoida@gmail.com

A company has given a deposit of say 40 crs to a party and has obtained development rights on it to develop the land

At the time of the sale proceeds the co will give 20% of its share to the the Party to whom deposit is given

So what should be the accounting and taxation treatment on this??

Can any body provide me Oracle Accounts & Financial Function user mannual ple mail to me on kamlesh.mangal@bilt.com

Is there any issue for monthly reinstatement of foreign debtors (foreign exchange gain or loss is recognising monthly)

Dear Sir,i am working as a account assistant in shilpa antibiotic ltd
bangalore. my problem is in july month we issued a cheque on 15.7.08
of Rs 50000 to bank manager to issues dd in favor "X" a/c by mistake but
it had credited to some y a/c Rs 50000 on 16.7.08 after complained
to manager on 18.7.08 y had credited to our a/c back Rs 50000 i have
allredy debited in cash book in the name of x on 15.7.08 but in the
pass book it is Debited rs 50000 on 16.7.08 and again on 18.7.08 it
is credited so what should i do shall i take how it is shon
the pass book or any addjustment in the journal plz solve it by
showing entery i will be very thankfull

Plese Help i am working in Sarva shiksha abhiyan as Asst accountant
my query is hear advance amount will be taken for organising workshops
meetings etc its ok i am taking in cash book as adv in the name of who
will take adv on date when they will take adv again after 10 days they
will give the details of adv taken then they tell strike out name how
shuld i must enter in the cash book and in journal what head i must debit on adv
taken and when they will give details plz help give detail entery
as example

plz tell which book is best for accounts and how should i prepare for Accountancy subject???????????