Easy Office
LCI Learning



Anonymous
01 November 2010 at 16:06

Excise

Dear Experts,

Pls tell me, When excise is applicable to company or firm?if you have some notes material please send me.

Answer now


Anonymous
31 October 2010 at 16:26

Processing cost/Manufacturing cost

Dear Sir/Madam

I want to calculate processing cost/manufacturing cost of our plant, kindly update soft file - how we can calculate


Thanks & Best Regards

Manoj

Answer now


Anonymous
28 October 2010 at 22:44

Account

Some please tell me a partnership firm which deed has been expired. Now for deduction of tds new tan no.is required .my question is that in the tan form wt shud be write . Individiual name with the firm name or only name of the owner. Old tan no. Will be write.

Answer now

CHANDRASEKHAR REDDY
22 October 2010 at 17:53

Full & Final settlement

Our (A) company purchased land in 2006 from X for 50lakhs, payment has been made by Y to X on behalf A on mutual understanding of joint venture development of land, but not so good of development and A has been decided to pay the full & final settelment to Y of Rs. 75 lakhs. Actual cost of 50 lakhs alredy shown in books Debit to Land and Credit to Y 50lakhs. my quiry is how we need to treat remaining 25lakhs which not effecting with any statutory s. In agreement mentioned that 25lakhs as compensation.

plese help me to account since i have already released payment as PDC

Answer now

muralimohan v.k
22 October 2010 at 16:00

Insurance

Journal entries for Insurance claim for the defective parts and claim approved by the insurance company and credited the amount, the same to be transferred to the dealer Account. suggest me the accounting entries to be passed for creating the liability and transfer of loss to the goodwill a/c.

Suggest me the schema of entries.
Murali.

As of now no liability created and only cheque received for the claim how to account the receipt and the flow of entries

Answer now


Anonymous
22 October 2010 at 10:37

Discounted Cash Flow

What are the valuation guidelines on DCF valuation?

Answer now

Ramesh
22 October 2010 at 10:16

Hand pallet Trolley or Truck

Dear all,

Ours is a Manufaturing company, We have procured hand Pallet truck or Trolleyes costing Rs.15000/-. These are purly hand held and not machanical.

The life is explained to be one to two years.

Whether these should be treated as Assets of to be charged to revenue.

Answer now


Anonymous
21 October 2010 at 10:21

Foreign Earnings

We are providing consultancy services. We have awarded a job in canada. My questions are:
1. Service Tax is applicable at the time of billing to foreign client.

2. Accounting Enteries.

3. Tax Liabilites.

4. Any Mandatory Form(s) to be submitted to any relevant authority like RBI, Income Tax etc.

Please Help Me.

Thanks,

ARUN


Answer now


Anonymous
19 October 2010 at 13:48

JOB

HI MY SELF SHASHI KUMAR.K

IAM DOING CA FINAL, CLEARED FIRST GROUP LONG BACK,CAN ANY ONE HELP ME IN GETTING ACCOUNTING JOB, AS I WAS WORKING IN BPO WHICH I FOUND WORTHLESS SO I NEED SOME EXPOSURE IN ACCOUNTS AND TAX AND SALARY MAY NOT BE CONSTRAINT

RGDS
SHASHI
9538272023

Answer now


Anonymous
06 October 2010 at 17:42

help me

Hello all experts
I am an accountant in a pvt co. There is one case of vehicle purchase and I have confusion. Kindly help me to solve the querry. My query is:
The Director of the company has purchased a car on loan from Bank in his own name alongwith the Company as a co-Borrower.The repayment of loan is through Company's account. What will be the entry in case of company's boks ? whether Car comes in the Company's books or in the Director's books? Kindly reply I am waiting It is Urgent.
Thanks
regards
sanjay

Answer now






Answer Query