Dear Expert,

One of my client is starting renting of toys business . The life of Toys Is between 3 to 12 months.

What should be accounting treatment of toys in books of accounts.

Whether to consider it as inventory or assets & charge depreciation on assets.

If assets whether it will be covered under operating lease & will AS 19 attract?

Thanks in advance

i have read in as that preliminary expenses have to be written off one shot. but until now we have studied that preliminary expenses have to be written off in 5 years

If i (A Ltd) have paid product permission charges ( B Ltd.) on behalf of party (C Ltd) then what entry will be pass?

Can any one guide me regarding the accounting treatment of works contract.

Actually we have done the interior work in our office last week worth RS. 7,00,000/-.

kindly tell me should I need to charge as a fixed assets or as a revenue exp. as a repairs and maintenance.
If as a FA under which head.

i m working in a manufacturing co., i have a hotel bill of m.d. of the co., kindly guide where to debit this bill.

how to compute debt equity ratio and what to include i n shareholders equity?

As per the ESIC Act the person whose Earning / drawing greater than Rs 15,000 per month are excluded from the ESIC Act.

Suppose "A" Salary is 18,000/- but if his attendance in the month is 10 then his earning for the month will be Rs 5806.00/- then whether the ESIC is applicable or not to "A"?

Manesh Waghmare

issue of spares , accessories items on free of cost , how to pass the accounting entries & some of parts issues under warranty & manufacturer wil reiumburse value of warranty parts. pls explain accounting procedure for parts issued under warranty & free of cost.

Dear Expert,

We are having import /export both.
Since to some of our import purchase parties we are paying them in $ only. My question to you is whether at the time of payment should I booked foreign exchange difference under AS -11 if rate of purchase is different then rate at the time of payment.

please tell me about SLM and WDV method of depreciatio when we use slm method WDV vice versa