treatment of assets found in IT SERVY??????
This query is : Resolved
22 December 2009
CAN ANY ONE TELL ME WHT IS THE ACCOUNTING ENTRY V CAN PASSED FOR ASSESTS FOUND IN IT SERVY????????
06 January 2010
I hope you mean survey?
If say cash is found excess then
Cash A/c. Dr
To Capital A/c.
At he time of computaion add such excess to income.
If say stock is found excess then
Stock A/c. Dr
to Capital.
At end of year closing stock will show incresed value and it will automaticaly form part of income
Regards
If say cash is found excess then
Cash A/c. Dr
To Capital A/c.
At he time of computaion add such excess to income.
If say stock is found excess then
Stock A/c. Dr
to Capital.
At end of year closing stock will show incresed value and it will automaticaly form part of income
Regards
06 January 2010
thnx sir
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