Dear all,

why should closing stock be shown two times (first time in P&L and second time in Balance Sheet)

please explain

Respected Experts,

Bill discounting and packing credit have same function & application.

Tell me the difference between the two.


Thank you.

Z ltd purchased an asset for 5 lac by issuing debenture of Rs 100 each @ discount of 20%.Wat is the amount to be credited to debenture a/c.and its journal entry

On which concept does closing stock showed in credit side of trading account?
Please Explain.

Can a person (except C.A.Or C.M.A. or Tax Consultant ) Provide accounting services in india. Because Now a days Many B.P.O. Or K.P.O.s are providing these services.

regards

rajesh

Will Telephone Allowance, Books & Periodical Allowance form part of DA for the purpose of computing gratuity?

A company, say 'A', involved in manufacturing and selling some products undertakes job for manufacturing products for another company, say 'B'. The total raw material required for the manufacturing is supplied by the company 'B' to the company 'A'. The company 'A' spends on electricity, labour and consumables on making those products. Now the question is whether the cost of job work/serivce become an item of Trading Account or it is an item of Profit & Loss Account. Please note that in the job work/service no raw material is used by the manufacturing company 'A' and the company 'A' also manufactures and sells its own products.

Sir,
Please tell is there any diffence between Fair Value of Share and Fair Value of Option??


Thanks in Advance

what is the treatment of preliminary expenses in accounts?

whthr it will come in
asset side of balance sheet

or

directly charge to p/l a/c

as per revised schedule 6

House Property Purchased on loan,
Pls tell me the entry of this,
And can i show the property under fixed assets as the original papers of property is not been handed over to us by bank. I Mean house is still under the control of bank so how can we show, that house is our property till loan is repaid.
Thks