Dear All,

We have given a car by taking loan to an employee and paid the EMI for some time but now the employee has left our organisation and the EMI will be paid by the employee himself but he has repaid some of the EMI paid by us.

what will be the treatment of such receipt and the loan outstanding and the car in the books as the loan is still in the name of the organisation and the car is sold to the employee.

plz tell m about escrow accounts
what is escrow accounts and why we need for it and what is the accounting treatment for it......?

plz give me answer...........Anshu

1) Why are Pre-acquisition profits considered as Capital Receipts ?

2) Are Bonus/ Right Shares entitled to receive dividends ?

3) Are Preference Shares included in Fixed Income bearing securities ?

As we know exps like Preparation of AOA & MOA and other legal exps are treated as Preliminary exps.
My question is that what would be Accounting Treatment of other than Legal Exps such as Revenue exps for opening co. before commencement of Co, decoration & All other revenue exps.

Kindly reply me by refering AS?

how we show the closing stock in the books as on a particular date i mean what entery will be passed

Dear Sir,

Sir one of our client is LIC agent who have sold a house for which consideration of Rs. 35 Lac is credited in bank.

Now assessee have Cash withdraw up to Rs. 20 Lac from bank & paid to all person in cash whom he have to pay which we have not shown in books of account earlier. Now what type of adjustment should be done ?

Please guide me. Give some way to get out of this situation.

Thanking you in advance.

Please Give me the formate of Salary slip..

pls give entry for following case.

a employee was hires for gross salary of Rs 10,000 p.m. Basic salary Rs 10,000 employer share to PF 12%, employees share 12%.

which entry is correct and y?


1.) P&L a/c ...........dr
TO Prov for D/D

OR


1.) Prov for D/D a/c..........dr
To debtors
and
2.) P/L a/c...................dr
To Prov for D/D

IS CASH DISCOUNT RECEIVED ON PURCHASE OF FIXED ASSET WILL BE DEBITED TO PROFIT OR LOSS ACCOUNT OR NOT.