Accounts queries [2583]

All Resolved Open

survesh

28 January 2009 at 17:25

fixdeposit

hi friends

please say me if a partner ship firm has given bank gurantee and against the bank guarntee the have kept fd as security.

Recd.amt as advance 300000.00
parnter has withdrawn the money and made fd 150000+150000=300000.00 not no firm name but on their name
please say me what entry should be passed in the partnership firm books

regards

madhvi

28 January 2009 at 15:02

Non refundable deposit - when to credit as income????

Non refundable deposit received on an agreemnet for 3 years
which of the below mentioned treatment are appropriate to recongnise revenue
1. treat it as income at the time of receipt
2. credit deposit as income over the period of contract.
kindly suggest the treatment which is in confirmity with AS - 9 and related IAS

Shahid

28 January 2009 at 12:54

Journal Entry

Sir,
“In dairy business when Cow dies we debit it in P/L account during that period. What will be the Journal Entries when Cow give a calf, and on which value?”

Deeptha

28 January 2009 at 12:09

Primary and collateral security

Hi,Kindly help me to know the difference between primary and collateral security.

Rekha

28 January 2009 at 10:59

Cash credit and overdraft

Hi friends, could you please help me out............ Want to know the difference between cash credit and overdraft

Nikhil

27 January 2009 at 20:18

Accounting Standards

Is Fixed deposit treated as Cash and cash equivalent as per AS-3 ?

NITIN YADAV

27 January 2009 at 16:24

payroll

payroll reporting records

Ajay Goswami

27 January 2009 at 12:25

Inventory Turnover ratio

I just confused

Inv Turn Over Ratio= Closing stock/(Consumption for who;e year)

Whether I M correct

firoza

26 January 2009 at 17:26

IFRS

what is IFRS? and from when it is applicable? is it applicable for the May 2010 examination?

anthony

26 January 2009 at 11:15

Writing-off expenses

How do you write-off expenses. For Eg., expenses incurred in the year 2005 & 2006. Audit is done in the financial year 2008. Can these expenses incurred in 2005 & 2006 be writen-off in the financial year 2008. If YES, what is the procedure and what journal entries to be passed? Also, what is the impact on Balance Sheet and P & L Account? OR How does it affects BS and P&L account?

Thanks