Hello all,

Will the new Balance sheet, P&L and other new pattern would be applied to write/solve the CS-Executive- Accounts exam for December 2012. For the June exams many of the students adopted the old format and hence i'm confused about the same.

Anticipating a response,

Thanks

Shefali

PLSSSSSSSS HELP!!!! URGENT !!!1
HOW DO V PREPARE A PROJECTED CASH FLOW STATEMENT FOR 5 YEARS??
THE ABOVE STATEMENT IS TO BE PREPARED FOR VEHICLE LOAN PURPOSE AND SUBMITTED TO BANK.

A Company owns a Building. a Space in the said building is remain closed for 21 years.No renovation is being made as the company is into Liquidation, after 21 years company wins the case of liquidation and gets the title of Building. Company decides to Make the vacant Space available fro its office. for making the Space workable a massive renovation or repair takes place costing Rs. 4 crores, including installation of Air Conditioners, Furniture & Fixtures Etc.

A part of expense mentioned above is spent on renovation of Floor, walls, Painting Whitewash, Tiles Fixing, Lighting etc.

My QUESTION is Whether the Expense Incurred Apart from the AC & Furniture should be Transferred to Profit & Loss Account based on the Text of AS-10 Issued by ICAI.
The said Expenditure is just a repair of Office Space which can also be termed as Improvement.

Dear Sir,

there is on Fixed asset showing in the companies balance sheet of F/Y 2011-12, which has been sold in current financial year . i want to know that should i provide depriciation under companies act on that asset till the date it was sold or not to calculate the actual profit/loss on the sale of that asset.

Thanks

suppose ram has sold goods to sham on credit or rs 50000 and it is the term of agreement. if sham pays within 20 days of this purchase,he can receive 10% discount.If sham pays within 2 days then treat cash discount in day book of both parties.

Plz give journal entries for both the parties..?

profit is earned if

asset exceed expenditure
income exceeds expenditure
cash inflow exceeds csah outflow
income exceeds liability

to arrive the gross profit of a trading business, which of the following formula i applied?

sales-(os-purchase-closing stock)
sales-(Os+puch+cs)
sales-(op+purc-cs)
sales-(os-purch+cs)

Dear Experts

We purchased a machine and lease out for one year or may be more to our customer on rent.

But I am confusing to decide whether it is our Fixed Assets or Inventory Item. Because when lease period overed we will try to sell the items to some other customer.

Could you clarify me on the matter.

Thanks
Bhoop Singh

Hi Experts,

purchase order includes VAT 4%,CST 2%.
PO QTY:10 PRICE:10

What is the entry for this?


thanks
sadasiva

chapter - amalgamation
If account balances are given in the balance sheet of both the companies on liability side , then what is the treatment of account balances in books of old and new company