Need a flow chart for presentation on various transactions made with accounts department by other departments of the organisation. Like process for purchase order, bank payment, cash payment, salary payment, etc.

Pls send if u have one.

Dear Sir,i am working as a account assistant in shilpa antibiotic ltd bangalore. my problem is in july month we issued a cheque on 15.7.08 of Rs 50000 to bank manager to issues dd in favor x a/c by mistake but it had credited to some y a/c Rs 50000 on 16.7.08 after complained to manager on 18.7.08 y had credited to our a/c back Rs 50000 i have allredy debited in cash book in the name of x on 15.7.08 but in the pass book it is Debited rs 50000 on 16.7.08 and again on 18.7.08 it is credited so what should i do shall i take how it is shon the pass book or any addjustment in the journal plz solve it by showing entery i will be very thankfull

R/Experts,
How can I entered the entry of payroll in tally9.

Thanks in advance

What will be the treatment of Unclaimed dividend of subsideries in the consoliated balance sheet.

We have incurred Deffered Revenue Expenditure of Rs.70 lacs towards ERP installation in the a/c year 2006-07. Kindly explain in how many years we can w/off the same.

how to calculate internal rate of return a) for a particular period
b) as on date
c) over a period of years

Please explain in deatil with examples and formulas

Sir,

I have one more question on the above topic you answered yesterday.

Please refer following link :

https://www.caclubindia.com/experts/experts_message_display.asp?group_id=68631

Kindly answer that too.

Thank you.

I had asked a query here couple of days back - which AS or guidance note deals with the accounting treatment of pre-operative expenses?


I got the reply - AS9


I went through AS 9 which deals with Revenue recognition BUT could not find anything related to pre-operative expenses.



I request someone to please let me know the para number in the said AS which deals with Pre-operative expenses.


Thanks

purchased a Fixed Asset on 01/08/2008 for Rs. 50000 and entry passed in books.Later got an advise for discount for Rs. 5000 on 31/08/2008.

Pls reply that for the period 01/08/2008 to 31/08/2008 on what value the depreciation will be chrged as per companies act i.e. on Rs. 50000 or Rs. 45000?

Hello

I have query in respect of consignment accounting for one of my client.

Client (K Ltd.) manufactures material. Sales is effected through consignments.

When material is sent to consignment agent, company prepares excise invoice to record transfer. Property of material is still with K Ltd. as sale is on consignment basis.

Consignment agent while selling the material generates excise invoice on customer (T Ltd.) and one copy of it is forwarded to K Ltd.

Based on consignment agent invoice, K Ltd. prepares dummy invoice in accounting system and books it against T Ltd.

Payment for material is directly received by K Ltd. from T. Ltd.


Is this correct practice?
1. Can company raise dummy invoice on actual customer?
2. How the payment from actual customer need to be accounted?

Please narrate stadard industry practice followed for consignment accounting.