Hi..friends,
please suggest me some books for financial reporting post ca..specially for mutual funds and derivatives...thanx

Dear Sir,

I have one doubt in depreciation,
we have bought one electrical stove for office use, i want book fixed asset, but i don't it's coming under which block? pls suggest me as earliest as possible

hum ek company se apni hi dusri company mai fund trfr kar rhe hai to us company ka ledger ko kis under head create karenge? please help me . thnx in adv

Hi,

My client is proprietary concern.The tax audit applicable w.e.f. AY2010-11.

He has fixed assets of godown and vehicle only. Earlier auditor does not charged depreciation on godown.
1. Can we charge the depreaciation for AY2012-13 of current year
2. Can we charge depreciation of previous year. what will be the treatement in books of accounts and audit and notes and accounts for earlier year depreciation.

Kindly reply as soon as possbile.
Regards
RAHUL KUMAR

SIR
I WANT TO KNOW THAT WHAT IS INVOICE? IS THERE ANY DIFFERENCE BETWEEN INVOICE AND BILL AND WHAT IS CREDIT NOTE AND DEBIT NOTE?
I SHALL BE VERY THENKFUL FOR YOUR REVERT.

A company issued 15,000 fully paid equity shares of Rs. 100 each for the purchase of the following assets and liabilities from Gupta Ltd.:
Plant Rs. 3,50,000
Stock Rs. 4,50,000
Building Rs. 6,00,000
Creditors Rs. 1,00,000
journalise. (Source T S Grewal which he has copied from the book of SN Maheshwari)

Solution given is a under:
Plant Dr. 3,50,000
Stock Dr. 4,50,000
Building Dr. 6,00,000
Goodwill (bal.fig.) Dr. 2,00,000
To Creditors 1,00,000
To Gupta Bros. 15,00,000

Gupta Bros. Dr. 15,00,000
To share capital 15,00,000


is the above entry is correct..... as in 12th standard there is no amalgamation so how cn v solve it as per amalgamation rule.

Dear sir,

How to maintain books of acounts in education society please help on this iam waiting for a satisfying reply.

I WANT TO KNOW THAT WHAT IS PROVISION AND RESERVE? IS THERE ANY DIFFERENCE IN PROVISION AND RESERVE AND WHAT SHOULD BE ENTRY FOR PROVISION FOR DOUBTFUL DEBT AND RESERVE FOR DOUBTFUL DEBT.

Dear


Kitchen equipment purchase for amt Rupees Below 10000. IS it comes under Fixed Assets


More over broken items like Plates, Cup, Soup bowl. Is this comes under fixed Assets


Kindly reply

one property on which construction was stpopped before 3-4 years back. Because, the organisation has passed the Board Memo to sell the property. Such uncompleted work is continously shown by yhe Company in fixed asset as capital work in progress. But auditor objects that. what will be its actual treatment. Whether it will be shown continously under that head or transferred to land and building head up to the date of selling of such property. Please guide us.