Hi,

I want to know if there is debit balncde in the Profit /Loss account ,where should it be reflected in the revised Format of balance sheet.


thanks & regards,
Binita Behl.

Q.
Mr. X Purchase a Plot of Land on 01/04/2010.Started Construction from very first day i.e. 01/04/2010.As there are only two person family i.e He and his wife Mrs. x they need only 1BHK and the construction gets comleted on 30/09/2010. Now to make a payment they have sold their old residential house on 10/10/2010. Now, Whether they can get the benefit of sec. 54 on the capital gain arising on sale of residential house?

Now What if rather than buying land and starting construction on it, if they go for purchase of readymade residential house on 30/09/2010?

Why we write off goodwill.Is there any logic?Please reply with exact answer with reference if any.

can an individual show electricity expenses of his house as drawings from his capital account instead of debiting it in his p/l account in his personal accounts?

If i issued a Debit Note towards reimbursement of expenses on behalf of client for Filling fees of inspection or form-32 etc, or expenses incurred on bank proceesing fees etc etc...
what will be journal entry for this in my books..????

i passed following entry in tally

party A/c Dr.
To Out of pocket expenses A/c

is it correct??
and if its correct what will be the nature of OUT OF POCKET A/c ????

please respond soon..
thank you

whether crockery is to be treated as stock or fixed asset in a motel business. plz also give any supporting judgement for the same.

Dear All

What will the accounting entry for payment of provident fund in Tally ERP 9 ?

Will the whole amount of provident fund i.e. employer's contribution and employee's contribution be debited to profit and loss a/c ?

Thanks & Regards
Vishal Agarwal

Please tell me what will be the vat adjustment entry on sale bill is treated as complimentary.

How to determine whether there is permanent fall in case of long term investment?

Dear All

We have a stock item in our invetory as on 31/03/2012 of value Rs. 10000/- but due to bad condition that can not be sold to any one. so we have given that to our one of employee without any money consideration. so could you plese how can we treat it in our account. what account need to be debit to charge P & L?

please suggest.

thanks
bhoop singh