as per icai both purchases and sales are real a/c ;then :
which of the following item is an asset:
a)salary paid to manager
b)accounts payable
c)sales
d)debtors

answer is debtors
but also sales can be the answer as per the icai's statement of sales a/c being a real a/c.....
please explai!

journal entry for $6000 stolen from the safe of the firm will be:
cash embezzlement a/c dr.
to cash a/c

why not:
p&l a/c dr.
to cash embezzlement a/c

please explain!

respected sir/ma'm
Can i have the format of calculation of deffered tax liability/asset.

if bank a/c is a personal a/c then why does cash a/c is a real a/c?

we have received an order from company of Rs. 62 lacs and made purchase against it of Rs. 45 Lacs.now the buyer refuse to take the good and ready to pay Rs. 40 lac for not lifting the goods.but the good is ready and lying in stock.
so what should be the accounting treatment for receiving payment of Rs 45 Lac under which head it should be credited..and if the goods sold as scrap by us in very low value say Rs. 5 lacs so what should be the treatment of Loss.

Pls advise.............

how much cash payments should be given in a day for cash expenses.

Dear Sir,
Regarding TDS on Rent.
Rent per month Rs.40000/- (Rs.40000*12=480000)
Deductee payment for Rs.36000/pm
TDS deposit for Rs.4000/-

We have rent paid to deductee 2-3 months later. Eg. April to June Rent paid on 20th July for Rs.108000/- and TDS Deposit for Rs.12000/- on dated 20th July.
So, that i have to want to know, tds deposit per month against rent payable or against rent paid.

what types of accounting standards?

sir what % of provision must be made against advances by nbfc as per prudential norms for standard assets, sub standard assets, secured portion of doubtful debts ur to one year, one to three years, more than three years, unsecured portion of doubtful debts and loss assets

Dear sir......please provide me allahabad bank monthly stock statement format. My email address is qazi786@live.com. please solve my problem ss soon as possible.

Thanks & Regard