A person's basic salary is Rs.10000 p.m.His Provident fund is deducted only on Rs.6500 and not on 10000.Is the treatment correct?

Dear Sir,

Last year our proprietor had been withdrawn Rs. 10,00,000.00 from firm and it shown as ADVANCE to Proprietor in books of accounts. This year he want to withdrawn of Rs. 20,00,000.00 from Firm. Actually i want to know what should the accounting effect of this transaction.

IF Mr.A get RS.500000/- as advance against sale of his Building from Mr.B but Mr.B not fulfill the terms of agreement And Mr.A forfieted the amount of Rs.500000/.If WDV of Building is Rs.4000000/-

Then what will be the treatment of building in the books of Mr.A? Whether the building is showen in books on Rs.3500000/ Or Rs.4000000/ ?

Hello sir/madam,
I Janhavi R. Vasaikar working as a Accounts Executive. I would like to ask you how to prepare the Balance sheet, How to finalise the accounts, While doing finalisation of accounts what points to be kept in mind, Is their any tricks to prepare the Balance sheet and Finalisation of Accounts.

When i go for an interview, everybody ask me do you know finalisation of account and you prepare the balance sheet. Every time i says no. Pls send me some examples of balance sheet and how to do it. Pls awaiting for your reply

plzz sir, what is debenture??? explain it.

Can a real estate developer recognise his revenue from flat receipts at the time of handing over the possession of flats and not on percentage completion basis?

According to entity concept transaction related to business record in the books of business and transaction related to owner record in his personal books of record . Then my question is where the transaction recorded related to both business and owner.And why.?

My Co. Has change the land with other co. without consideration all exp. will bear by other co what is the treatment in accounting
Example
Land Given 8Acre in X village and Received in 7 acre in Y Village another 6Acre in A village and receive 7 acre in B Village

Case1 If land is Stock in Trade
Case2 If land is Fixed Asset

According to AS-2 and 10

Please explain me meaning of
Annual Turnover shall be = Sale Value/Operating Income

Can i Consider the Interest Received on FD in Sale Value (Other Incomes)

And how to calculate please give me the formula for calculation

WE HAVE PURCHASED 2ND HAND GOODS CARRIER VEHICLE DURING SEPTEMBER 2013 AND WE WANT TO DISPOSE THE SAME BEFORE MARCH 31 2014 AS ITS MAINTENENCE IS HIGH.

PL CLARRIFY.

1.WE HAD PAID RS.2.5LAKHS FOR THE VEHICLE AND WE MAY GET RS. 2 LAKH MAXIMUM. WHAT IS THE TREATMENT FOR BAL 50000.

2.IF THE VEHICLE IS SOLD BEFORE MARCH 31 CAN I CLAIM DEPRCIATION FOR THE PERIOD SEPTEMBER2013 TO MARCH 2014