sirs
our company provided an amount for a particular expenses in the year 2006-07
during the year 2007-08 it is found that amount provided is to be so excessive and the excess amount is quandified
how this amount recognised at the balance sheet date i.e. 31-03-08

Please let me know what managing DSO means.

Does anyone have the format of a Fixed Assets Register? Also, pls. guide on statutory provisions relating to the same.

Prepaid expenses for Advertisment & publicity shown in Balancesheet from year 2003-04 onwwards
from which a particular amounts is shown as expenses in each year from 03-04
what about your opinion about showing balance not w/off amount in balance sheet in the f.y. 2007-08

Please let me know all the matters Financial planning includes in its scope.

Thanks.

Please let me know all the matters Financial planning include in its scope.

Thanks.

Please let me know all the matters Financial planning include in its scope.

Thanks.

Why is it that the future plan given to banks for raising loan are called as projections while the future plan the company has for itself is called budget?

What is the difference between projection and budget?

Why is it that the future plan given to banks for raising loan are called as projections while the future plan the company has for itself is called budget?

What is the difference between projection and budget?

In a retail business, it is a common practice to issue goods at free of cost along with other items of sale. I want to know what should be true accounting treatment one should adopt in an ERP set up retail chain?

Some retail houses are showing as sales at cost prices and the corresponding value are also shown as sales promotion. Since purchase is already booked so effectively the loss is also booked. A retail house is transfering the items at zero value and simply showing as sales promotion by crediting purchase.I find the second treatment is more rational, however, there may be again the question of accounting treatment of VAT in this situation. Please provide your suggestion ASAP.