is it possible to have a negative amount in the balance sheet of a company correspondence to Reserves and surplus?

what are the direct and indirect expenses in trading sector & manufacturing sector with example please.......

Our client is engage in civil construction. And they have to calculate WIP every month for certain purpose. We are calculating WIP as under.
Total Billing ***
(Less) Uncertify Bills (***)
Gross WIp ***
(Less) GP Margin (***)
WIP @ Cost
(Add) Unbilled Work @ cost ***
Net WIP ***

Whether this is right method ????

Please suggest me what accounting treatment should be made when prepaid insurance exp. made on a vehicle but vehicle was sold in current month. In this situatuion what entry should be made for the prepaid exp. for the related vehicle.

Kindly give reference of AS also.

security service and allied services,
later i was made payment to security , in this bill how can i pass the entry in tally
pls help me out

how to calculate cost of control or goodwill ?

Respected sir/ma'am
When we sell Fixed asset on profit we pass the following journal entry:

1.Bank A/C Dr.
To Fixed Asset A/C(cost)
To P&L A/C(profit)

But when we sell investments (in the form of shares or debentures) we pass the following entries:

1.Bank A/C Dr.
To Investment A/C(Selling Price)

2.Investment A/c Dr.
To P&L A/C(profit)

Why The difference??????

can anybody give me some material on how to account for following type of business

I shall construct the flats and give 50 % ownership of flats to the land owner. ie Land Development Business

How should I do accounting of such Business??

i am paying rs 800 as conveyance allowance to my staff. can i give rs 2500 as petrol,mobile expenses,etc in travalling and conveyance expenses

Hello Professionals,

If a Company is under loss from date of incorporation for Ex: Incorporation on 02/10/2006 to 31/03/2010.

Only in the F Y 11-12 company earned profit.

Still now they did n't disclosed in Financial Statement Deferred Tax. But now.


Is it necessary calculate deferred tax?

If they want to disclose. They have calculate only for Profit period or from date of incorporation?

Regards,

Vijay M R