Hi, my name is Rajneesh Jaiswal, i want to know can a co-operative society consisting of offices can capitalise interest on fixed deposit wihtout reflecting in Profit & Loss A/c ? what will be the implications from income tax and accounts point of view?

A partner of a firm died. On the date of his death, the balance outstanding to his current A/c is a debit balnce.

Inthis case which rule should i opt.
is garner v murrey rule or section 37. the balnce to his capital is still to be settled.

What is the meaning of operating & non-operaring expenses & also give examples?

What is the fictitous assets & also tell examples?

Any of here can please let me know that if a company have an offer to job work for other then what provisions to follow regarding Sales Tax ,Excise Deptt or some other Law concerning company .It is related cosmetics.say we ve a company Named ABC pvt.ltd (Cosmetics)& We have excise exemption in Himachal Pradesh. Now we want to give a job work of producing one of our product from JKL Pvt.Ltd (also in Himachal &
availing Excise exemption) .

thanx in advance

Any one can to tell How to Calculate Intrinsic Value?


Mohan G

What is group of HO Inter Unit Accounts in Balance Sheet(Cl, Loans or others)

What is the meaning of endorsed bill & When it is endorsed & to whom ,by it which paty gets affected.

In case of an educational Institution a development fund is created and it can be used for purchase of a machinery. The credit balance in the development fund is represented by an equal debit balance in a separate bank balance.

A machine has been purchased. The normal accounting entry would be, debit fixed asset and credit bank account.Now the question arises how to reduce the Development fund ledger balance as bank balance has already reduced due to payment made for purchase of a machine.

so query is:

If we debit Development Fund, which account is to be credited.

please send me procedure for calculating provision for gratuity, whether a provision for gratuity is necessary or not ?