Can we add personal house electricity bill in accounts of company .pls explain all detials regarding thanks

What is the exact formula of Net Worth ?

Whether Capital Work in Process is deducted or not from Eq+ Reserves?

should the profit or loss on sale of fixed asset(car) be accounted at the time of sale itself under income tax act??

how is it treated if if the sale is by a trust??
can depreciation upto the date of sale be provided??

plss reply

treatment of preliminary expenses in the very first year in cash flow statement according to AS-6
where we take carry forward part of that

What is the right head for booking the following expense in the books of accounts:-
A construction company gives a subcontract to complete a project and deduct TDS on the contract basis & make payment. What will be the right name of the expense head for Such payment?

plz anyone send me proforma or sample of a bank loan projection and cma of a rice mill..urgent plz

Hi

in our books on 28th March, 2013, there is balance in our Bank Account of Rs. 1,00,000/- and on 29th March, 2013 we have received cheques of Rs. 1,00,000/- which is not deposited in to bank upto March 31, 2013. these were deposited on April 2, 2013.

and on 29th March we have issued Cheques of Rs. 1,50,000/- which was sent to vendor on March 31, 2013 by post and cleared from bank after April 2, 2013

Now as per Revised Schedule VI we have to show cheque in hand of Rs. 1,00,000/- under " Cash and Cash Equivalent "

if we show Cheque in hand separately, then bank balance will show negative balance of Rs. 50,000/- as we have issued cheques of Rs. 1,50,000/- on 29th March, 2013


Now my question is that what will be treatment of bank account
1. Option 1 :- whether it will be shown under "current liability" with Rs. 50000/-

2. Option 2:- we show Bank balance of Rs. 1,00,000/- under "Cash and Cash Equivalent" and Cheque in Transit of Rs. 1,50,000/- under " Current Liabilities "

Announcement: Exclusion of Hire
Purchase
Trading Account (Debtors) Method and
Stock and Debtors Method from Chapter
11
of Intermediate (IPC) Course Paper 1: Accounting Study Material. -
(23-08-2013)
It has been observed that Hire Purchase
Trading Account (Debtors) method and
Stock
and Debtors method of ascertaining profit or
loss on sale of goods of small value
under hire
purchase system based on the simplified
approach followed in the Study Material
are not fully compliant with AS 19 Leases
since
loading amount contains both profit as
well as
interest element.
However, students may note that both these
methods would be fully compliant with
AS 19,
provided the usage of interest rate, IRR,
etc.
are followed to bifurcate the element of interest and profit. Such an approach to
apply
both these methods involves more
complication and hence may not be
relevant in
practice for Intermediate (IPC) Students. Therefore, Board of Studies has decided
to
exclude the Hire Purchase Trading
Account
(Debtors) Method and Stock and Debtors
Method in the Paper 1: Accounting Study Material at Intermediate (IPC) level.
Accordingly, students of Intermediate
(IPC)
Course Paper 1: Accounting are advised
not to
read the said methods given in Chapter 11 of
the Study Material. The details of the
relevant
page nos. and questions in the Study
Material
and Practice Manual of July, 2013(Revised edition) respectively, are given
hereunder:
Volume I Study Material Para 9 to 13 and
Illustrations 13 to 19 in Page
nos. 11.32 to 11.50
Volume II Practice Manual Questions 1, 2, 4, 5, 6, 7, 8 and 10 in Page
nos. 11.1 to 11.20.

Is this true ??

Whether following are Capital Expenditure :

1) Accounting software e.g. Tally
2) software e.g. SAP
3) Fire Extinguisher
4) Accounting cum billing software
5) If computer is purchased only for the purpose of accounting. Is it a capital expenditure

Plz give answer with clarification that why it is capital expenditure.


Thanks

Plllz help Me For Director 's Credit Card Payment entry in tally ..