I have completed my B.com and IPCE now I wan suggestions frm u all that who should I do further...??? MBA ya LLB...???

Dear Experts,

Since a new machine is to be installed in a company a construction company is hired to do the work it charges 16,00,000 for removal & installation of machine so the company which has installed the machine is capitalizing the whole amount as invoice raised by construction company doesn't bifurcate the removal of old & installation.


IS company is doing correct thing as per AS-10

please reply ASAP

1. Sir, I have partnership form( Me& MY wife), I purchased one Computer & made payment on my personal account cheque.now how should i account for this computer in partnership form,pl advice

2. My bike value Rs 211 after depreciation
now this year i want to write of this amount pl advice above the JV

A company is following deprecation methods as laid down in income tax act. it is there accounting policy from last so many years. In FY 2013-14 they had purchased computers on 31/03/2014 and has charged deprecation for half year as per Income Tax rules.whether treatment done by the company is acceptable as per AS 6 ?

Dear Experts,
what are the accounting entries for the TOD unpaid closing entries and next year's opening entries. with its impact on P&L A/c.



thanks in advance

Car Value (Fixed Asset ) = 62930
Interest = 6846
Down payment by Cash = 12590
Balance 57186 as loan
Monthly EMI of Rs 1191 which includes interest
First month installment 927 + 264 = 1191
Second month 923 + 267 = 1191

Kindly describe which are all the accounts need to create under which heads. in tally

Dear sir,

Can I charge depreciation As per Income tax while closing the company book.Is there any mandatory provision related to depreciation.

sir,, why we needs to create deferred tax liability/asset??, plz give example also.

We have revalued the assets of our company as on 31.03.13 based on the valuation report of a registered valuer. There are four units of our company. While three units following SLM of Depreciation, one unit follows WDV method. The valuer has given his workings on SLM method. We have to make entry for additional depreciation of account of revaluation . How should we pass entry for the unit following WDV method.

dear sir,

we make a purchase order for materail but the materail is theft by someone at transport we have received bill & credit his account, get cenvat credit. now we have received cheque from transport departnt.

how can i make entry in account.