please let me know if website development isa capital expenditure and we can charge depreciation on it?

If yes, then at what rate Depreciation be Charged?

please tell me the simple technique of reconciling debtors and creditors. this is my email address : bipinpandey1979@yahoo.com

if you give me some example along with attach files, it will be very useful for me.

Dear friends,

Need your help in the below case:

1. Machinery sold to customer.
2. Servicing of machine done by us.
3. Damaged parts removed from machinery and sent to vendor for repairs.
4. Repaired parts received by us.

Please explain the flow of entries...

if life insurance paid by partnership firm in favor of partner what will be account entry in books of firm and what will be account entry in partners personal books of account??????



Thanks in advance

Hi!

I want to know that it is mandatory for a limited company )not a listed company) to prepare consolidated accounts. If yes kindly give me reference of that section.

Thanks in advance

a person has taken financial bank guarantee which he has given for taking some contracts.

what will be the accounting treatment of it.

Pls tell me what r the entries for machinery sale? I have not maintain provision for dep a/c.
Origianl Cost 1589563
Loss on sale 505298
Received from party 200000
Balance amout 884265 CA showed in Schedule D in Adjustment for sale column.
I don't understand where to adjust

I want to know if there is any change in taken of Service Tax input credit w.e.f. 1st July-2011 (earlier it's taken on payment basis Payment made to party which include ST Input Credit i.e. payment basis

your early response more beneficial to me

Thanks & Regards,
Kantilal

explain the role and problems of disclousure..

Pls. help me in preparing the cash flow from the following figures :-
Rs. (in lakhs )
Net Loss (1076.79)
Depreciation for the year 581.61
Interest income 236.65
Interest Expense 11.45
Current assets:- 31.03.11 31.03.10
Inventories 190.52 343.15
DEbtors 46.48 81.60
Cash & Bank 2212.70 2989.57
Loans & Advances 429.37 225.81
Interest Accrued 126.39 76.58
Current Liab. 1748.07 1957.66