hi friends,i am gopal, please help me my querry is:-
340 books of Rs.9,65,649 purchase for library is debited to Library exp (as a revenue exp) but i think that this is wrong account head. What "Books & Periodicals" is correct account head or any other. please reply as soon as. Thanks (in advance)
my e-mail id- gopalj7@gmail.com

hi friends,i am gopal, please help me my querry is:-
340 books of Rs.9,65,649 purchase for library is debited to Library exp (as a revenue exp) but i think that this is wrong account head. What "Books & Periodicals" is correct account head or any other. please reply as soon as. Thanks (in advance)
my e-mail id- gopalj7@gmail.com

i) Total No. of employees is less than 20.
ii)Period elapsed from the date of
commencement of incorporation of the
Company is less than 5 years.
iii)It is a private limited company.
iv) Company is not providing any retirement benifit scheme including gratuity.
What are the accounting policies and notes on account that the company should follow w.r.t. AS 15 ?

A job requirement for Finace professional says he/she should have exposure to 'Balanced Scorecard'.

What is Balanced Scorecard ?

Thanks.

What is the reporting currency?

What is the reporting enterprises?

What is the intellectual property & examples of it ?

Sir,
the fixed asset is imported in December 2007 and is capitalised at the exchange rate prevailing on the date of bill of entry. The purchase consideration is payable only after 180 days. when the balance sheet is prepared, the current liabilities and the fixed assets have been shown at the rate as on 31.03.08 and the difference is adjusted to Fixed assets and taken to P&L account. Depreciation also adjusted accordingly. Is this entry correct?

Tell me the accounting entry required for invetsment in a chit fund company like SRi ram chits fund ,from the company point of view?

company name = X ltd.
Nature of deposit/advance = in cash/bank

If company contributed premiuum on group Gratuity Cash Accumilation scheme framed by the LIC
Is it consider as defined benefit plan or defined contribution plan