I want to know the accounting treatment(Journal entry) for Sales promotion expense. Gift issued to customer in the event of aadi/diwali bumper sale.
And Credit of VAT availble on purchase of gift items. Can purchase of Gift such as TV,kitchen appliances, Home appliances,phones treated as FA.

I have a confusion on it. give me your views

Hi,

My company has purchased new ERP software. It contains user license and installation componant. The vendor bill has come in two parts.
- User license
- Installation

Please suggest me the accounting treatment whether the user license needs to be capitalised.

Thanks

Poonam

mr.A is contractor. he made an agreement with B housing society , that he will use societies land for redevelopment. he will give 20 flats to society and will sold 10 flats by owen.

at end of the year the building is 60% completed.

plzz suggest how will he recognise revenue
and profit

Hi,

Please suggest whether Purchase of user licence for operating ERP needs to be capitalised as intangible asset in the books of account as per AS-26 or expensed off in the year of purchase?

Thanks

Poonam

Dear Sir,

Please share me whats the responsibility of Accounts Payable Clerk in details?

where to account for Diwali Expenses

Company follow calender year as accounting year. Previously it was obtaining gratuity valuation report in December as well as March. Now company want to gratuity valuation report only in the month of December.

Query - How to make provision for gratuity in March?? Also what amount will be considered for dis allowances as December provision was made for Jan to Dec 2012.

DEAR SIR
PLEASE TELL ME HOW TO FINALISE THE ACCOUNTS
OR
WHAT ARE THE STEPS IN FINALISATION OF ACCOUNTS
WAITING FOR YOUR KEEN AND POSITIVE REPLY AS SOON AS POSSIBLE

Dear sir,
What is mean by share application money pending allotment how to calculate it ?

Thanking advance

hello experts
please tell me entry for prepaid expanse, interest accured and interest accured but not due in detailed manner.