Dear All

I your company we purchased a machinery cost of Rs.500000/- and transport charges is Rs.25000/- Labour charges Rs.5000/- instalation charges Rs.15000/- what is the machinery cost as per accounts and how the depreciation will be taken.

Question is
What is the Total amount of machinery have to taken
how depreciation to be taken
journal entries how it can be take


Thanking You

Amruth Kumar

Difference between presentation and disclosure??

books for cpt

I paid shop act license fees then what will its entry under which head.

another query is i make payment for cibil then what should be entry in tally?

Dear Sir,

Whether accounts is mandatory for co operative society to prepare as mercantile basis or not?

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and what is the formula of capital employed

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how we can find this is purchase and this is merger in amalgamation what the tricks

How to Pass entry when inventory is used for business purpose?

Hi Experts,
We are running our real estate business of selling commercial shops. We are an authorized agent between buyer and seller and it was also mention in sale deed that we collect whole sale consideration on behalf of seller and reimburse them to seller on sale.
We collect whole amount of sale consideration from buyer say(Rs850000/-) and paid to seller (say Rs 700000) and earn Rs 150000 as income. So whether we should consider it normal sale/purchase or consider an commission income. Also suggest me appropriate accounting income.