Answer Posted / vivek

(if t.v. add in goods)

purchase A/c xxx
Cash A/c xxx (cost of purchase 10 t.v)

damage A/c xxx
purchase a/c (cost of damage t.v)

(if t.v. add in fixed assets)

t.v a/c xxx
cash a/c xxx (cost of 10 t.v.)

losses from damage a/c xxx
t.v. a.c xxx (cost of 1 t.v. & Damages t.v)

Mohan sold goods on 1st sep 2009 for the rs 200000/- to sohan immediatly accepted a 3 month bill.on the due date sohan request for the renewal of the bill for further peirod of two month .mohan agree to pay interest @9% per annum to be inculuded in the new bill . determine the amount of new bill?

3342

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what are the processes of account reconcillation

2074

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Differentiate public and private accounting?

1042

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M/s ABC Brothers, which was registered in the year 2000, has been following Straight Line Method (SLM) of depreciation. In the current year it changed its method from Straight Line to Written Down Value (WDV) Method, since such change would result in the additional depreciation of Rs. 200 lakhs as a result of which the firm would qualify to be declared as a sick industrial unit. The auditor raised objection to this change in the method of depreciation. The objection of the auditor is justified because (a) Change in the method of depreciation should be done only with the consent of the auditor (b) Depreciation method can be changed only from WDV to SLM and not vice versa (c) Change in the method of deprecation should be done only if it is required by some statute and change would result in appropriate presentation of financial 6 statement (d) Method of depreciation cannot be changed under any circumstances

1845

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Tell About ur self what will i say plz help me

2460

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what is one way , two way matching , three way , four way matching ?

1849

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what is the format of salary slip when basic , D.A.H.R.A. ,conveyance allowence , concluded and in deduction part P.F. E.S.I. & P.Tax.

3838

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What is the importance of accounting standards?

1223

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Tell me how can you define departmental accounting?

927

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Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e. Furniture & fixture a/c Dr. To cash/bank a/c Along with this, I have to pass following journal entry on 31st Mar 07?? P&L a/c Dr. To Furniture & fixture a/c

1534

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what is gl a/c? & why is it maintain

1901

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Wha is difference between expenses and expenditure

1809

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what is the D.V.T. rate from 1/10/2009

1998

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Hi, we are not a VAT register and raised not VAT bill to company for signage material. they are deducting WCT @4%, can anybody help me why they are deducting WCT while i am not a VAT register vendor, as i do not cross threshold limit.

1866

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Private purchases amounting to rs 5000 have been debited to purchases account

1491

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