http://www.icai.org/new_post.html?post_id=9838&c_id=342

is the announcement applicable for nov 2013?

n financial year 2011-12 closing balance of vendor was 12000/- in financial year 2012-13 opening balance of the same vendor was by the mistake showed as 14000/- or 11000/- what should i do in both the cases to get the correct balance

sir/madam

suppose goods are sold in the month of feb 2013 and it was returned in may 2013 weather i can adjust this sales return of may 2013 while preparing balance sheet as on 31 march 2013 ?
the above sold goods are not on approval basis ?

announcement by BOS of ICAI, the Hire Purchase Trading A/c and Hire Purchase Stock and Debtors Methods are deleted from the syllabus of Hire Purchase topic of Group I Accounting paper.IS IT APPLICABLE FOR NOV 2013 EXAM???

Dear Experts Please tell me how to calculate the value of closing stock .Please Explain me with Example.

If Op.Stock= 2,19,460
Purchase= 84,46,328
Consumable Store= 50461
Freight Inward= 57155
Labour Charges= 47110
Wages = 571730
Water & Elect = 137392
Sale =1,06,69,821
Job Work = 18,50,403
GP Raito= 18.92%(Sale+Job Work)

Please tell me the value of closing stock with explanation.Is there any specific crateria for expenses. like wages are not more then 25% of Sale Price Etc.

Please reply me at my e Mail adress=nk96093@gmail.com

i want somebody to put some light on my question, suppose i m an accoutant of a company, and my manager come up to me and ask me rs 25000 adv towards travelling exp as he has to attained a business meeting in delhi. he gave back to me rs 2000 on his return to office submitting authentic bills for rs20000 and said he lost rs 3000 on the way. so how may journal entries has to be passed in the books of accounts.

What is the accounting treatment for wrong booking of sales( caused due to either rate change, discount not applied etc)?

Whether a sales returns entry should be passed or the sales should be debited?or is there any other treatment?

Purchase of Car
Date : 31.12.2012, Amount : 1,10,000/-

Capitalized Expenditure (RTO & Other)
Date : 15.01.2013, Amount : 35,000/-

What will be the date for calculation depreciation as per companies act on both? will it be different or on both it will be from date of purchasing car.

difference between trading a/c & profit loss a/c and balance sheet please tell me short cut forms

difference between cash flow and funds flow please tell me short cut forms