We have taken a car for loan basis. I want the entries to be made.

Car value - Rs.16,00,000-00
Down payment we have paid to showroom - Rs.4,00,000-00
Loan From Fiance Co - Rs.12,00,000-00

We have also paid processing fee Rs.14,000/- to Finance company and one installment of Rs.39000/-.
Please how I have to make the entries in the books of accounts. Please give individual entries and reply

What is the criteria for making cash flow statement i.e., i wish to know that which type of companies have to prepare cash flow statement mandatorily? Is there any turnover limit or other thing? Please give expert opinion.

Hi one of my branches have negative cash at month closing very often in branch petty cash ledger. So before audit I want to adjust and make it positive. So can you advise how to proceed in right direction. We generally send cheque to branch and receive vouchers.

Dear friends,

please explain about methods of preparing account current.

what is the accounting entry for stock demo samples given, or damages ?

Respected Sir/madam,

I've a query regarding depreciation.
Why there is no uniformity in depreciation on assets? for eg.Building-5% & 10%, furniture-10% ,Machinery-15% & etc., & can we claim depreciation. Please explain me in this regard.

Thanking you
your's reply anticipator

Ajay

give items to be added and give items to be subtracted while preparing bank reconciliation statement.

suppose you approach mr. x party and said them that as per your books balance payment is rs 100000. But the x party says as per his books balance payment is rs. 80000 only. so what will be probably the reason of such difference ?

can we take fixed assets cost for costing

Dear All,

We are having a private limited company and now we would like to make a new unit in the name of 'UNIT-II'.

Plesae advise us how can we maintain accounts for both the units. UNIT - I & UNIT - II.

Thanks
Nitesh
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