Hi.

I wanted to know if a company has a debtors balance of 3.5 cr and creditors balance is 1.7 cr. The company has stopped it's main activity of exports due to pending dept. Cases and litigations...instead is renting out it's factory for rent..

No claim from debtors is being made by the company nor there is any creditors claim..

How to treat the same in accounts....?

how many depreciation charge on cc tv camera. which is fixed in store. the amount of 24000.

Dear All,
Gd Morng..

I have an one doubt regarding the accounting entry, the case is as follow,

In the income tax survey in manufacturing concern.. they have found followings:-
1. unexplained cash found Rs. 9,50,000/-
2. Under valuation of Finished good closing stock Rs. 1,50,000/-

My query is what is the accounting treatment for above two cases..

Waiting for reply..
Regards

according to new amendments preference shareholder are to be treted as long term loans?

1) what is deffered tax liability and its accounting treatment?
2) if a question says that a certain amount of deffered tax liability is transfer to provision for taxation. can you tell me what does that mean?

Can you tell me the accounting treatment of accumulated depreciation and also what is the treatment when a asset is sold where asset account and accumulated depreciation account is separately maintained.

Dear Experts,
Kindly Let me know where to put Selling Expenditure Amount in revised Schedule VI

Dear Sir/Madam,

I want to know i can calculate interest on current a/c and Cash credit a/c
Regards
Rajakumar.R

I WANT TO KNOW THAT IN THE CHAPTER INVESTMENT OF ACCOUNTS(GROUP 1) WHEN DIVIDEND IS TO BE TAKEN IN INVESTMENT A/C & WHEN NOT & WHEN IT IS TAKEN IN PROFIT & LOSS A/C ?.PLEASE GIVE A PRACTICAL EXAMPLE.I HAVE NOT UNDERSTOOD STUDY MATERIAL ILLUSTRATIONS.

ALSO TELL WHY SALE VALUE OF EQUITY SHARES WHICH R SOLD(NOT SALE OF RIGHT ISSUE) NOT TAKEN WHILE CALCULATING COST OF SHARES AT THE END OF THE YEAR.

THANKS A LOT.

According to R S VI, all the assets and liabilities will be divided into current as well as non current portion.

I would like to know about the treatment for Leave Encashment provision and Gratuity provision and its bifurcation into Current and non current portion.

Kindly provide your answer with few examples

Experts advices are solicited.