sir,
There is a difference in my closing bank balance according to the bank and my opening of bank balance in accounts.how could i pass an entry to tally with my bank balance so that my balance sheet shows no differences.

A company is renovating its premises and for that new map is passed. Bhavan Anugya Fees paid towards the same is around Rs 3 Lakhs. Would it be considered capital expenditure or revenue expenditure. Please advice urgently.

Dear Sir, Our company has purchased tools from related group company. Can anyone guide me is it allowable as per AS-10. May I disclose the assets with zero value in Fixed Asset Register.

In our industry we are producing fertilizers and during the process a waste of carbon slurry generated. This waste has some market value but not having any cost of production.

Kindly advice whether the same is to be shown in closing stock of the industry while working out the profitability at the end of financial year. It has small and fluctuating market value only.

Regards

DEAR SIR

WE NEED SOME CLARIFICATION FOR FOREIGN CURRENCY ACCOUNT RELATED

1. WE MAINTAIN THE BOOK FOR FOREIGN CURRENCY IN INR ACCOUNT.
FOR EXAMPLE.

WE RECEIVED $ 50,000/- @ RS.68.35 = RS.34,17,500/- FROM CUSTOMER
AND CONVERT THE FULL AMOUNT IN $ 50,000/- @ RS.69 = 34,50,000/-
WE ACCOUNT IN TALLY HOW TO ADJUST THE DIFFERENT AMOUNT IN TALLY.

Calculate cost of sales from the following:
Net Works cost: Rs 2,00,000
Office & Administration
Overheads: Rs 1,00,000
Opening Stock of WIP : Rs 10,000
Closing Stock of WIP : Rs 20,000
Closing Stock of finished
goods:Rs 30,000
There was no opening stock of finished
goods
Selling overheads Rs 10,000
a) Rs 2,70,000 b) Rs 2,80,000
c) Rs 3,00,000 d) Rs 3,20,000

Dear Experts

Please suggest what is Kasar Account.

Hi ,
I just wanted to know If we started a start up company then Trademark expenses incurred by us should we expense out or we have to book as asset & we have to charge depreciation on it & if yes then how many years we have to charge depreciation on it ?

I have purchased carry bags to put customers items in it. Under which head should this expense lie in the book of accounts?

Real account are the accounts which relate to tangible or intangible assets of the firm. So how could a reserve be treated as a real account.