Loss On sale of Fixed Assets,
Loss on sale of investment
Loss on Foreign Currency Transaction
Loss on Intraday sale of shares
Bad Debts
Bank Charges


Please reply

How to reverse a contra voucher

CIF for import of goods
FOB for export of Goods.
CIF what cost include and
FOB what cost inclue.
Please reply

Tasman Products, Limited, of Australia has a Maintenance Department that services the equipment in the company’s Forming Department and Assembly Department. The cost of this servicing is charged to the operating departments on the basis of machine-hours. Cost and other data relating to the Maintenance Department and to the other two departments for the most recent year are presented below.

Data for the Maintenance Department follow:

Budget Actual
Variable costs for lubricants $ 332,200* $ 425,860
Fixed costs for salaries and other $ 212,000 $ 228,200
*Budgeted at $22 per machine-hour.

Data for the Forming and Assembly Departments follow:

Percentage of Peak-Period Capacity Required Machine-Hours
Budget Actual
Forming Department 71% 10,000 12,000
Assembly Department 29% 5,100 4,100
Total 100% 15,100 16,100
The level of fixed costs in the Maintenance Department is determined by peak-period requirements.

is investment in scheduled III Classified in
Debentures, Bonds,
Investment in Equity and Preference shares
Investment in Mutual Funds
Investment in partnership firm,
Investment in Gold/silver coins
Investment in property
or may be another list
please mention the name

what is Exceptional and extraordinary items under scheduled III of balance sheet and also provide the list of the exceptional items and the extraordinary items.

Sir
Pl tell the journal entry of buy back of shares by co in books of investor...
Is this buyback considered as taxable or not.
Regards

whether fixed deposit ( Term deposit) comes under cash and cash Equivalent under scheduled III ?

Hi All,
A Listed company has an accounting policy as follows.
"Expenses more than 1Cr are only considered as prepaid and amortized, all other expenses are charged to P&L."
Is this allowed ? If so, do we have a reference in any standard or guidance note ?

Sir,
If a professional income it person account records up to date f.y.23-24. some dates cash shortage (nagative) show in books.
Question:
How the procedure source of cash generated (nagative) adjustment in books.