I would like to know the accounting entry for office cleaning expenses and purchase of various sanitation materials.

Hi i am sandeep pursuing ca final . i m doing self study got some doubts. please resolve and guide me thank you.

1. The accounts of a co for the yr 2009-10 were adopted by BOD on 31/8/2010.the auditors also audited the a/c s and signed on 1/9/2010.these audited a/c s were adopted at shareholders AGM on 30.9.2010. later directors found that position reflected in the annual a/c s is not reflected in books and there is variation in fig of sales in reported a/c s & in books. they decided to rectify this mistake. state as an auditor whether the co can re open and revise audited & adopted a/c s for the yr 2009-10. ( AS 5 Problem).

2. XETA ltd has set up its main plant in coastal land. in view of corrosive climate, the co felt that its machine life was reducing faster. can the co charge a higher rate of depreciation ? ( AS 6 Problem).

An exporter having a business of exporting fruits and vegetables incurs following expenses during the process of export

1) Freight (the same is reimbursed from the cleint
2) Loading Unloading Charges
3) Packing Materials purchase
4) Packing charges
5) Clearing and forwarding charges

weather the above expenses forms part of Direct Expenses or has to shifted to selling expenses....???

I got a sum of Rs 5000 cheque for making office expenses on 10.08.2012 at the end of the month the total expenses where Rs 3485.If i will make an entry in tally then the expenses will be recorded in payment voucher as already an expenses in booked in the accounts. How it will compensate the receipts amount i.e. Rs 5000 can anybody help me what will be the treatment in the accounts.

My Problem is: A lady doctor who is M.D. Gynaecologist gets Rs.2800 per delivery for treating poor caste women after deducting TDS of 13% under Chiranjivi Scheme of Gujarat State. From that per delivery reimbursement of Rs.2800 she has to give following amount to her patients.
If it is normal delivery
Rs.700 for medicine
Rs.250 for fair & tip to person who is with the patient
If it is Sigerian delivery
Rs.2500 for medicine
Rs.900 for Anesthesia
Rs.250 for fair & tip to person who is with the patient
Now, i want to ask what should be the J.E for TDS, Reimbursment from chiranjivi scheme, payment to patient therefrom etc...
I would be highly obliged if you answer me......

hello experts,
a 2 year old company having turnover of around 72 crores is charging depreciation .at slm rates. but when i saw the fixed asset schedule, they are using the method of wdv calculation.. for calculating depreciation and are charging slm rates because as per companies act the slm rates are low.
i beleive this is incorrect method for calculating depreciation under slm method..
now, hw should i proceed in this situation?


also it will be helpful if u can guide me whats the appropriate method for calculating depreciation under slm method?

should i make them change to wdv method and make retrospective changes ?

and also how to disclose deferred tax liability, since that amount will also change.

pl respond

thanks

Dear sir,

tell me 1)tally ERP9 software is installation of firms for the purpose of accounting it can taken expenses or fixed assets 2) if it is fixed assets please inform what is the percentage of depreciation
3)and we taken credit input tax to sales tax on capital goods.

Thanking you
Regards
Ramesha.m

can we delete the schedules/notes to the balance sheet if there is nil figure in it..for eg if there are no long term borrowings of a company, can i delete its schedule>?

hello

i want to while making P&l a/C and Bs of sole proprtorship, is the exepens makeing renovation of house, purchase of gold and other purchase of house hold items, can it included as expenese or assets of firm.

Hi friends,
We raise invoice to foreign comp,in turn money would be deposited into EEFC a/c in India
Suppose we raise invoice on 01.05.11 Exchange rate 45.89
Customer deposit the money directly into EEFC a/c on 01.06.11 - Exchange rate 45.00
We convert that foreign currency into indian currency on 8.06.11 - Exchange rate 46.00
Which date difference in exchange rate do we need to consider for calculating foriegn exchange gain or loss?