How to calculate WIP in real estate company?
No Sale book till the date.

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.
can anybody help me what will be the treatment in the accounts.

Dear All,

Kindly explain the method to fix Selling Price of Spare Parts.We are a dealer and import spare parts from abroad and sell locally .Exchange rate are increasing monthly.We use FIFO method for Inventory Valuation.Is this method correct .Secondly, How do we set the selling price

Example supplier price Euro 120(CIF) x 70 INR =8400
Import duty and others 30% = 2520
Profit can be charged as per supplier instruction-30% on supplier price-2520
Order cost per order - 1200
Estimated orders per year-20
Estimated Purchase- 2400 Euro
Administration expenses-30,000
Estimated sales -100,000

How to price items.Should we include any other items in cost calculation

X Co. is selling Product A 1000 unit @ 50$ to Y Co. through High Seas Sale Agreement in terms of 2% Commission + Rs.6000 Bank charge.

Customs Exchange Rate 1$=Rs.50.00

What will be entries & Value in the books of both X & Y?

Please provide me proper treatment.

Dear sir,
iam a distributor of Generators.
i'll buy them from company (other state)& sell it in local state. company raises invoice in my name with split up like
basic price = 10000
excise duty = 1200
edu.cess = 36
CST = 645 etc.. i cannot use any of these as iam only distributor. how should i a/c this invoice ?

Closing Balance of Share Capital is Rs. 6,00,000

1) The entire authorised capital which consists of equity share of Rs. 100 each has been issued and subscribed. The share capital is Paid-Up to the extent of 30% and there are no calls-in-arrear.


how to calculate total Authorised capital.

how to calculate no. of Equity Share Capital.

How to calculate EPS (Earning Per Share) if Profit after Tax is Rs. 3,81,500/-

please answer me soon...

the LR is on to pay basis and full amount is is received by the truck driver from the consignee and only some amount is received by transporter.what will be the accounting treatment in the books of transporter.

for eg.the to pay LR of Rs.20000/- and our client transporter is receiving Rs. 1000/- from the truck driver and truck driver is receiving Rs. 20000/- from the consignee.
Whether the turnover is Rs. 20000/- or Rs. 1000/- in the books of transporter.Pls clarify?

CAN ANY ONE TELL ME WHETHER EXPENSES ON ISSUE OF DEBENTURE TO BE TREATED AS CAPITAL EXP OR REVENUE EXP IN BOOKS OF ACCOUNT

what is difference between Pay order & normal cheque?
Plz. Explain it.

Respected members tell me about revised schedule it is applicable on companies but an individual wants to voluntary prepare his balance sheet and P&L accounts according to said schedule.can he do this