Accounts QnA [Resolved]

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Chintan Patel

This Query has 1 replies

06 July 2012 at 10:44

Closing stock

how is the closing stock valued?
in the case of direct selling items such as laptops,televisions,etc....it is not much difficult to calculate,but what about the items such as wood,plywoods or a firm dealing in glass?

thanking you in advance!!!!

Anonymous

This Query has 1 replies

05 July 2012 at 22:06

Accounts

What is an imprest system?

SANTANU RANJAN DEV

This Query has 1 replies

05 July 2012 at 19:46

Preliminary expenses

preliminary expenses in new schedule VI

nilakantha

This Query has 1 replies

05 July 2012 at 17:28

Asset

I have purchased a vaccume cleaner and a coffee maker for office use, will they be shown under fixed asset???

Prasanna

This Query has 2 replies

05 July 2012 at 17:01

Loss from f & o contracts

The Company is involved in Textile business. it has an activity of booking F&O Contracts.. Should the loss from the same be booked as expense in P&L or it should be carried forward to set off?

Anonymous

This Query has 1 replies

05 July 2012 at 15:07

Accounts of construction co

If a person who is into construction business incurs certain expenses at site such as architech fees, security expenses though actual work at the site has not yet started, weather to keep these expenses under loans and advances head or to be shifted to development expenses and taken in closing work in progress

Anonymous

This Query has 1 replies

05 July 2012 at 14:49

Capitalise interior furnishing

can we capitalise interior furnishing of rented building?
for instance shop furnishing with lights,shelves,false ceiling etc. should we take shelves in furniture, lights in electrical fittings etc as there doesnot seem to be a head for interior furnishing.
Then False ceiling costed 1 lakh under which head as this rented building
Can painting of rented building (-shop) also be capitalised?