Accounts queries [2674]

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Vishnu Agarwal

28 July 2008 at 15:43

billa payable

What is the meaning of bills payable & bills receivable?

MOHAN G

28 July 2008 at 15:08

Intrinsic Value

Any one can to tell How to Calculate Intrinsic Value?

Mohan G

Anuj

28 July 2008 at 12:23

Inter Unit accounts

What is group of HO Inter Unit Accounts in Balance Sheet(Cl, Loans or others)

Vishnu Agarwal

28 July 2008 at 10:55

endorsement of B/R

What is the meaning of endorsed bill & When it is endorsed & to whom ,by it which paty gets affected.

pkkapoor

26 July 2008 at 18:59

In case of an educational Institution a development fund is created and it can be used for purchase of a machinery. The credit balance in the development fund is represented by an equal debit balance in a separate bank balance.

A machine has been purchased. The normal accounting entry would be, debit fixed asset and credit bank account.Now the question arises how to reduce the Development fund ledger balance as bank balance has already reduced due to payment made for purchase of a machine.

so query is:

If we debit Development Fund, which account is to be credited.

vidya p nambiar

26 July 2008 at 15:36

Provision for Gratuity

please send me procedure for calculating provision for gratuity, whether a provision for gratuity is necessary or not ?

LAVANYA SM

26 July 2008 at 13:29

Management Accounting

Please....send me the journal entry for converting the capital asset to stock in trade.
I know that it is,
stock in trade dr
to capital asset a/c. is there any other answer?

LAVANYA SM

26 July 2008 at 13:19

Management & Finacial Accounting

Please send me the journal entry for converting the capital asset to stock in trade.

nayana

26 July 2008 at 12:04

fixed asset

i have 2assets(computer assesories)1 is value of 4000(purchased on 15march) and other of 1500rs(purchased on 16march).can i write off this asset.?as per which act co's or as per I.Tact