we have company car and that is insured by ICICI.Last time one accident happened and we claim for the same now we received cheque from ICICI but only half amt.of total which we claimed.Plz tell how i can entered into tally.(plz tell me entry)

there are a cash credit bank A/C the party deals all the business transaction in this A/C even received of cheque . how i can show the receipt of cheque in entries & p&l and Balance sheet.

purchase of walkie talkie should be capitalised or it should be expensed out???

For a company to whom AS-18 related party disclosure is not applicable, then whether in revised schedule VI it need to show dues from related parties seperately

Pls. guide how to make accounting entry for dividend reinvest in Mutual Fund SIP.

Hello,
can a company make profits by inter units sale of its fixed assets..?? and what will be if it is branch..??

Hi Experts,

Can anyone explain me the difference between BILL DISCOUNTING, BANK GUARANTEE, LETTER OF CREDIT. how is works?

Thanks
Prachi

which are the ACCOUNTING STD WHICH IS APPLICABLE TO PVT CO WHOSE TURNOVER & net worth of co is 5 cr in different mentioned turnover?

A CLOSELY HELD LIMITED COMPANY (LEVEL III -SMC) HOLDS 80% OF EQUITY OF A PVT LTD CO.
PLEASE CONFIRM:
AS-21, CONSOLIDATED FINANCIAL STATEMENTS WILL APPLY OR NOT ?

Hi,
I was analyzing FS of Tata Motors and was unable to figure out the treatment of inventory in the income statement.

When i saw B/S there was increase in inventory 696.84 and the same reflected in the cash flow statement

The inventory figure in the income statement was given as [Changes in inventory of FG,WIP and pdt for sale (623.84)]

Question
1.what does the negative number in income indicate
2.Does this have any relation to the number mentioned in B/S

Please Explain

Thanks in advance