Dear,
one government department like forest department received grants for some project, out of which they purchased some assets like vehicle. my question is that can depreciation be calculated on such? if yes then please provide rate. and please suggest any accounting standard for the accounting of such grant received by government department.

Dear Sir,

How to prepare monthly P&L A/C

if goods loss by fire as on 25th march 2014 which cost of Rs.10000 and company claim the loss for the same to the insurance company but till the closing of the account i.e. 31st march 2014 company does not know how much insurance claim have to be received from the insurance company.
so please tell me entry as on 31st march 2014.

Hello sir/mam,

There is expenses of rs.17250 for removal of electric fittings and wirings from one office and other expenses is of rs.25500 for electric fittings and wirings in other office.
What should be the treatment of these expenses.

i used to get confused regarding provision for depreciation and asset disposal.. can any1 pls guide me to understand what r dis n how it is calculated namely- 1) provision for depreciation 2) asset disposal

Can anyone please explain me what actually adjusted purchases mean. And why closing stock is shown in trail balance when there are adjusted purchases. thank you.

X is selling goods to Y its a LOCAL SALE... Please check the following cases
....X has TIN Number and Y has TIN Number....
........VAT will be Applied, but what will be the TAX %
........What Heading Should be Print on Invoice (Tax Invoice or Retail Invoice)

....X has TIN Number and but Y does not have TIN Number....
........VAT will be Applied, but what will be the TAX %
........What Heading Should be Print on Invoice (Tax Invoice or Retail Invoice)

....X does not have TIN Number and Y has TIN Number....
........what TAX will be Applied, what will be TAX %
........What Heading Should be Print on Invoice (Tax Invoice or Retail Invoice)

....X does not have TIN Number and Y does not have TIN Number....
........What TAX will be Applied, what will be TAX %
........What Heading Should be Print on Invoice (Tax Invoice or Retail Invoice)

service charge charge from customer is coming under which head?

in balance sheet closing stock of the year at cost or NRV whichever is lower is shown. then what about the the stock of previous years which is still remaining in godown??? where we will show such stock??

Hai I have one doubt in india private company how many years once change the auditor?