I wanted to know that my client is Pvt. Ltd. Company Now How Much cash he can receive on any sell of materials.

dear sirs,
Our business is hotel booking out side india. When our foreign customer raised bill to us in foreign currency we make entry in tally with prevailing rate on invoice date. We will making payment to them in foreign currency but there is diff in rate. The rate on invoice & payment is different. What shall treat the diff. in customer account ? What we doing account entries are correct or not please guide us.

XYZ Company sells goods on a gross profit of 25% depreciation is taken into account as a part of cost production. The following are the annual figures given to you: Sale (Two month's Credit)18,00,000 Materials consumed (One month's credit)4,50,000 Wages paid (One month lag in payment)3,60,000 Cash manufacturing expenses (One month lag in payment)4,80,000 Administration expenses (One month lag in payment)1,20,000 Sales preomotion expenses (Paid quarterly in advance)60,000 Income tax payable in four installments of which one lies in the (next year) 1,50,000 The company keeps one month's stock of both raw-materials and finished goods. It also keeps Rs. 1,00,000 in cash. You are required to estimate the working capital requirements of the company on cash cost basis assuming 10% safety margin.

Dear SIr,

Diff Between capital Expenditure & Revenue Expenditure pls tell me........?

Can someone tell me how to prepare AS and for ipcc form where to prepare AS? .... overall give me some tips for get more marks from As

could you please let me know what will the journal entry for xerox machine maint. charges
Thanks

R/All

Pls suggest As per Accounting Standard-2, Which Cost we should Consider for Valuation of Inventory.

Pls suggest all Cost Parameter's in detail.


Regards,

KAMAL TAYAL

Hello sir/mam,
After the exclusion of certain methods as per ICAI norms in hire purchase viz. debtors methods and stock and debtors method, what are the chances that a question will appear in exams?? I mean, are the chances thin because these two were quite main the methods?? Or are the chances greater because the chapter has been modified??? I'm getting mixed answers. Please answer me.

Thank you.

Dear Sir,

Pls tell me that which account head will debit for bike challan ( without helmet ) exp.
Regards,
Rahul Mehra

what is accounting standard s