Can sole proprietor revalue assets of his organisation?

What would be the treatment in balance sheet?

Dear All,

I wish to know that can trading in futures and option (Index futures and stock futures) with a reputed stock broker be shown as business income in the books of pvt ltd companies.
The accounting for the same would be treated as sale and purchase in the books of accounts as from creditors and debtors.
What will be the tax implication in the books of the company and in case there is loss how would that be accounted.
Please note all the companies are already in existing business in there respective feilds(eg. manufacturing units, trading units, shops etc)

Please Advise ?

hello
is both of the above book fully solved.

Hello All

if any co. offer CTC 120000. then they will be liable to deduct ESIC & PF.

and if liable then how much they will deduct ESIC 1.75% and PF 12% or ESIC 6.5% and PF 24%

if it's possibel then please provide any link of site and details to view more about it

Let suppose ABC Ltd has 2 division X and Y.

Division X has manufactured cetain material and sold it to Division Y for Rs. 100, the cost of manufacturing the material for Division X is Rs. 80.

Division Y has capitalised the material received from Division X as Fixed Assets.

What would be the accounting entry in the books of Division A and Division B and at Consolidated entry in books of ABC Ltd. ?

An advance of Rs.10,000/- was given to X & Co. in the year 2010-11 for the supply of material. The party didn't supply the material and there is no possibility of recovering the amount. You are finalizing the account for the year 2011-12/. HOW WILL YOU CLOSE THE ACCOUNT ? Please give accounting entries .

Dear sir,

iam purchasing the Hadrdisk cable wire from one of the vendor

in which account head i prepare an expenditure ?

computer expenses or stationary?

Hello,

Ques. Let a builder is planning to construct a building on an area of 10000 sq.ft. land. How value of each flat will be calculated after adding a reasonable profit? Let no. of flats be 10.

Dear Experts,
We send the material against 4(5)(a) challan to our vender. venders raised bill with service tax 12.36% on Basic value of Invoice, & VAT 12.5% on Service Tax amount & 75% on Basic Value. details as per below.
Basic Value = 51,996.00
Service Tax 12.36% = 6,426.00
VAT on Service Tax 12.5% = 803.00
VAT on Material 75% on Gross = 4875.00
sir, please tell me Taxation charged is right? if yes how to book it.

thanks & regards,

Ganesh Patil

one of our client purchased a NA land, and made the plots of the same land, 10 plots were sold and 5 plots gifted to his wife, whether such gift is a sale for him....
experts please put your replies