hi... i am working as an accountant in a company it is a newly establised company in the construction field ( basically builders)

i want to know how should i book the direct and indirect expenses in the books of the company, frankly telling i have nop idea about accounting of construction company.

pls tell in detail ...means proper headwise detail.

pls help me urgent..

Insurance expenses paid at the time of purchase of a new Car , Whether should be capitalised to the Cost of Fixed Assets ( Car) or should be Charged to Revenue .

How to account for beds, bedsheets, utensils etc. and how to claim depreciation or how to write off the same.

Sir,

please clarify the below problem.

cost price 0.070 and selling price .800
Gross profit margin is 91.25%

product margin 0.070 - .800 =0.730
margin = 73%

Gross profit is ok.
product margin also we need to calculate?
my manager shows this format.
is it correct? pls. explain.
Awaiting for your valuable reply.
Reg.
Sridhar K.

Dear All,
Please let me know the accounting effect of the commission paid on sales to a distributor...

how the same is to be disclosed in the financial statements, basically its presentation. Currently the said commission is added in my sales bill itself coz i need to take a transaction value for excise purpose in my sales bill.

According to my point of view the same is not my income and hence should not be added to my sales(income)afftecting my gross profit and overstatement of my income(for presentation in my books).

Kindly advice me on the above matter ASAP..

Regards

Dear All,

I need to know the margin percentage,
cost price 0.070 and selling price .800 how to calculate Margin percentage.

Profit is ( .070 - .800)= 0.730

Margin per is 0.730/.800 = 91.25%

is it correct

Dear Friends
I am working in company which have two manufacturing Unit. Out of These Two one unit in situtated in Specified area and its profit is 100% exempt from tax US 80IB. Company is paying MAT on its profit as its one unit profit is 100% exempt. Company has track record of earning profit and it is estimated that it will earn profits in forseeable future to.
I want to know how to treat MAT credit available for compulation of defferecr tax asset/liability.
Kindly clarify.

I WANT KNOW THE EXPANSION FOR PBILDT

can any body tell the software of fixed asset management with depreciation calculation.year after year

can any body help me
i need full information about debit note & credit note and accounting treatment in details or plz guid where i can get these information